Trip.com Group reported second-quarter 2026 net revenue of RMB15.7 billion, or approximately $2.3 billion, up 6% year over year and above the $2.290 billion analyst estimate. Adjusted earnings per ordinary share and ADS reached RMB7.27, or $1.07, exceeding the $0.91 estimate. A one-time RMB5.2 billion antitrust penalty imposed by China's State Administration for Market Regulation pushed the company to an attributable net loss of about RMB2.4 billion, compared with profit of RMB4.8 billion a year earlier, while profit excluding the penalty was approximately RMB2.7 billion. Adjusted EBITDA was RMB4.6 billion, down from RMB4.9 billion a year earlier. Accommodation revenue rose 6% to RMB6.6 billion, package-tour revenue increased 8% to RMB1.2 billion and corporate-travel revenue climbed 11% to RMB771 million, while transportation ticketing declined 1% to RMB5.4 billion. International OTA revenue grew more than 50%, inbound travel revenue rose at a high-double-digit rate and more than 70% of bookings came through mobile. TripGenie-assisted orders increased about 400% year over year, and the company said it accepted the penalty and was implementing the required rectification measures. Its Hong Kong-listed shares fell as much as more than 3% intraday after the results before paring the decline to 2.38% at HK$303.8, with turnover of HK$179 million.