Trip.com Group (NASDAQ: TCOM) reported Q4 EPS of $0.02, $0.02 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $761 million versus the consensus estimate of $768.87 million.

Key Highlights for the Fourth Quarter and Full Year of 2020

• The Company's China domestic business continues to show strong recovery momentum— China domestic air ticketing business maintained positive year-over-year revenue growth in the fourth quarter of 2020.— China domestic hotel GMV maintained positive growth, with mid-to-high end domestic hotel reservations reaching double digit year-over-year growth in the fourth quarter of 2020.
• The Company's results for the fourth quarter of 2020 reflected negative impacts by the COVID-19 pandemic.— Net revenue for the fourth quarter of 2020 was RMB5.0 billion (US$761 million), representing a 40% decrease from the same period in 2019. The further narrowed decline reflects a continued recovery of China domestic business, offset by the decrease of international business.— Loss from operations for the fourth quarter of 2020 was RMB16 million (US$2 million). Excluding share-based compensation charges, non-GAAP income from operations was RMB495 million (US$77 million) in the fourth quarter of 2020, representing 10% of net revenue.

"2020 was a challenging year. However, it also made us fundamentally stronger than ever before" said James Liang, Executive Chairman. "During the past year, we continued to innovate our products, improve service offerings, and strengthen our collaborations with partners, which led to further market share gains across our product lines. In the near term, we will focus on the domestic market in terms of supply chain, product innovation, content capabilities, quality and technology; while at the same time, we remain ambitious with a global vision to drive our sustainable growth post pandemic."

"We delivered another solid performance in the fourth quarter, despite facing industry fluctuations and weak winter seasonality" said Jane Sun, Chief Executive Officer. "We are glad to see that our domestic business continued to outpace the industry in the fourth quarter and entering into 2021. Thanks to our efficiency improvement and stringent cost control, we were able to achieve 2% non-GAAP operating profit margin for full year of 2020. The strong recovery of China domestic market demonstrates the resilience of the travel industry. We are well prepared to take on additional share when international travel opens up as well."

For earnings history and earnings-related data on Trip.com Group (TCOM) click here.