Ctrip Reports Third Quarter 2009 Financial Results
Shanghai, China, November 11, 2009 — Ctrip.com International, Ltd. (Nasdaq: CTRP), a leading trav
service provider for hotel accommodations, airline tickets and packaged tours in China, toda
announced its unaudited financial results for the quarter ended September 30, 2009.
Highlights for the Third Quarter of 2009
“We are pleased that our team delivered solid results in the third quarter of 2009.” said Min Fan, Chie
Executive Officer of Ctrip, “As we celebrate Ctrip’s 10 th anniversary of establishment, we want to tak
this opportunity to thank our customers, our partners and our employees for their supports through th
years. In order to extend our leadership in the future, we will continuously focus on strengthening our cor
competitiveness in customer service, technology innovation, and sales and marketing. We believe w
are well prepared for the new era to come.”
Third Quarter 2009 Financial Results
For the third quarter of 2009, Ctrip reported total revenues of RMB583 million (US$85 million)
representing a 47% increase from the same period in 2008 and a 15% increase from the previou
Net revenues were RMB545 million (US$80 million) for the third quarter of 2009, up 47% year
on-year. Excluding net revenues attributable to ezTravel, Ctrip’s net revenues wer
RMB518 million (US$76 million) for the third quarter of 2009, up 40% year-on-year.
Gross margin was 77% for the third quarter of 2009, remaining consistent with that in the sam
period in 2008.
Income from operations was RMB199 million (US$29 million) for the third quarter of 2009, u
87% year-on-year. Excluding share-based compensation charges (non-GAAP), income fro
operations was RMB226 million (US$33 million), up 64% year-on-year.
Operating margin was 37% in the third quarter of 2009, compared to 29% in the third quarter o
2008. Excluding share-based compensation charges (non-GAAP), operating margin was 41%
compared to 37%