携程:监管阴云压顶,是机遇还是风险?

海豚研究
Feb 26

今早 2 月 26 日早美股盘后,处在监管阴云下的$携程网(TCOM.US) 公布了 2025 财年 4 季度财报,整体来看,业绩表现不算差,营收增长全面好于此前指引、继续加速;但是经营费用支出也全面走高,增长比营收更快,导致 GAAP 经营利润反不及预期,具体来看:1、营收强劲、加速增长:收入上,本季携程集团整体净收入同比增速高达 21%,创本年新高,增速较上季有明显拉升。各业务线的营收增长全面...

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