Ctrip (CTRP) Management Sandbagging Margins - Piper Jaffray

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Ctrip Reports Unaudited Third Quarter of 2015 Financial Results

November 18, 2015 5:00 PM EST

SHANGHAI, Nov. 18, 2015 /PRNewswire/ -- Ctrip.com International, Ltd. (Nasdaq: CTRP), a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China ("Ctrip" or the "Company"), today announced its unaudited financial results for the third quarter ended September 30, 2015.

Highlights for the Third Quarter of 2015

Net revenues were RMB3.2 billion (US$501 million) for the third quarter of 2015, up 49% year-on-year. Net commission earned (non-GAAP) was RMB3.1 billion for the third quarter, up 47% year-on-year. Net commission earned (non-GAAP) is... More