Trip.com Group Ltd (NASDAQ:TCOM) reported a 99% Y/Y increase in Q3 FY23 revenues, reaching RMB13.7 billion, driven by a strong recovery in the travel market. Accommodation reservations rose 92% Y/Y, transportation ticketing increased 105% Y/Y, and packaged-tour revenue jumped 243% Y/Y. Domestic hotel bookings grew 90% Y/Y, and outbound hotel and air reservations recovered to around 80% of pre-COVID levels. Adjusted EBITDA was RMB4.6 billion with a 34% margin, and adjusted EPS per ADS was RMB7.26. In USD, revenue was $1.885 billion, and adjusted earnings per ADS were $1.00. The company also repurchased 3.6 million ADSs for $120 million. Despite the positive report, TCOM shares are down 3.27% in premarket trading.