Shares of Trip.com Group (09961) tumbled at the open this morning, with intraday losses exceeding 3%. At the time of writing, the stock was down 2.38% at HK$303.80, with trading turnover reaching HK$179 million.

On the news front, early Monday (September 16), Trip.com Group released its second-quarter 2026 financial results. Net revenue for the period stood at 15.7 billion yuan, reflecting a 6% year-over-year increase. However, adjusted EBITDA came in at 4.6 billion yuan, a decline from the 4.9 billion yuan recorded in the same period last year.

During the quarter, the company recognized a one-time charge of approximately 5.2 billion yuan related to an antitrust penalty imposed by the State Administration for Market Regulation. This led to a net loss of 2.4 billion yuan. Excluding the impact of this penalty, net profit would have been 2.7 billion yuan.

Breaking down by business segment, accommodation reservation revenue reached 6.6 billion yuan, up 6% year-over-year. After stripping out revenue deductions tied to the penalty, growth would have been 8%. Transportation ticketing revenue totaled 5.4 billion yuan, down 1% year-over-year. Package tour revenue climbed 8% to 1.2 billion yuan, while corporate travel management revenue surged 11% to 771 million yuan.