Trip.com Group Limited (TCOM) Q3 2025 Earnings Call November 17, 2025 7:01 PM EST
Company Participants
Michelle Qi – Senior IR Director
James Liang – Co-Founder & Executive Chairman
Jane Sun – CEO & Director
Xiaofan Wang – CFO & Executive VP
Conference Call Participants
Joyce Ju – BofA Securities, Research Division
Alex Yao – JPMorgan Chase & Co, Research Division
Thomas Chong – Jefferies LLC, Research Division
Yang Liu – Morgan Stanley, Research Division
John Choi – Daiwa Securities Co. Ltd., Research Division
Wei Xiong – UBS Investment Bank, Research Division
Brian Gong – Citigroup Inc., Research Division
Wei Fang – Mizuho Securities USA LLC, Research Division
Parash Jain – HSBC Global Investment Research
Simon Cheung – Goldman Sachs Group, Inc., Research Division
Ellie Jiang – Macquarie Research
Qiuting Wang – China International Capital Corporation Limited, Research Division
Presentation
Operator
Good day, and thank you for standing by. Welcome to Trip.com Group Third Quarter 2025 Earnings Call. [Operator Instructions] Please be advised that today’s conference is being recorded.
I’d now like to hand the conference over to your first speaker today, Michelle Qi, Senior IR Director. Please go ahead.
Michelle Qi
Senior IR Director
Thank you. Thank you, all. Good morning, and welcome to Trip.com Group’s Third Quarter of 2025 Earnings Conference Call. Joining me today on the call are Mr. James Liang, Executive Chairman of the Board; Ms. Jane Sun, Chief Executive Officer; and Ms. Cindy Wang, Chief Financial Officer.
During this call, we will discuss our future outlook and performance, which are forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our results may be materially different from the views expressed today. A number of potential risks and uncertainties are outlined in Trip.com Group’s public filings with the Securities and Exchange Commission. Trip.com Group does not undertake any obligation
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