携程:监管“重锤”之后,还能“小而美”吗?

海豚研究
Mar 01

本文来自微信公众号:海豚研究,作者:海豚君今早2月26日早美股盘后,处在监管阴云下的携程公布了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好于...

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