Tongcheng Travel, a Hong Kong-listed online travel company invested by Trip.com Group and Tencent, announced the unaudited consolidated results of the Group for the three months ended March 31, 2022.
Revenue increased by 6.5% year-to-year to RMB1,718.0 million in the first quarter of 2022 from RMB1,613.8 million in the first quarter of 2021.
Adjusted EBITDA increased by 4.4% year-to-year to RMB438.4 million in the first quarter of 2022 from RMB420.0 million in the first quarter of 2021. Adjusted EBITDA margin decreased from 26.0% in the first quarter of 2021 to 25.5% in the first quarter of 2022.
Adjusted profit for the period decreased by 18.0% year-to-year to RMB245.0 million in the first quarter of 2022 from RMB298.9 million in the first quarter of 2021. Adjusted net margin decreased from 18.5% in the first quarter of 2021 to 14.3% in the first quarter of 2022.
Average MAUs increased by 4.5% year-to-year from 234.2 million in first quarter of 2021 to 244.8 million in the first quarter of 2022.
Average MPUs increased by 16.1% year-to-year from 27.3 million in the first quarter of 2021 to 31.7 million in the first quarter of 2022.
Paying users for the twelve-month period ended March 31, 2022 increased by 21.4% year-to-year from 169.3 million in the first quarter of 2021 to 205.6 million in the first quarter of 2022.
Compared with the same period last year, the company registered more than 10% growth in room nights sold in lower-tier cities, and the bus ticketing volume increased by over 170%.
