携程(纪要):酒旅需求稳定,会继续加大营销投入

海豚投研
May 20, 2025

以下是$携程网(TCOM.US)FY25 Q1 的财报电话会纪要,财报解读请移步《携程:又是增收不增利,优等生也遇到难题了?》一、财报核心信息回顾1、股东回报和现金储备:截至 2025 年 3 月 31 日,现金及等价物、短期投资等总额为人民币 929 亿元(约 128 亿美元)。截至 5 月 16 日,基于最新的股权回归计划(自 2024 年开始)已执行 8400 万美元回购,2025 年将评估...

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