SINGAPORE, Sept. 16, 2026 /PRNewswire/ — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) (“Trip.com Group” or the “Company”), a leading global one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced its unaudited financial results for the second quarter and first half of 2026.

Key Highlights for the Second Quarter of 2026

• International business delivered robust growth across all segments in the second quarter of 2026
  – Revenue on the Company’s international platform increased by over 50% year-over-year.
  – Inbound travel revenue increased at a high double-digit rate year-over-year.
• The Company delivered solid results in the second quarter of 2026
  – Total net revenue for the second quarter of 2026 was RMB15.7 billion (US$2.3 billion), increased by 6% year-over-year.
  – Diluted loss per ordinary share and per ADS was RMB3.89 (US$0.57) for the second quarter of 2026. Non-GAAP diluted earnings per ordinary share and per ADS was RMB7.27 (US$1.07) for the second quarter of 2026, up from RMB7.20 in the same period last year.

“Travel remains a fundamental consumer need, and we see significant long-term opportunities as travelers seek more personalized and rewarding experiences. Our strategic priorities remain clear: Globalization and Great Quality, or G2,” said James Liang, Executive Chairman. “Building on this foundation, we are advancing our proprietary AI capabilities across every stage of the travel journey to accelerate G2 and unlock new opportunities for growth. We are building a more differentiated and valuable global platform for travelers and partners, positioning us for the next phase of sustainable growth.”

“Trip.com Group delivered resilient performance in the second quarter, with inbound and world-to-world travel continuing to gain momentum as structural growth drivers,” said Jane Sun, Chief Executive Officer. “We see an opportunity to build a healthier ecosystem centered on value, experience, and service quality. We are expanding our offerings to include new travel and lifestyle experiences, while leveraging technology and international marketing to help partners differentiate and drive sustainable growth. We remain focused on disciplined execution and building the capabilities to capture these growth opportunities at scale.”

Second Quarter of 2026 Financial Results and Business Updates

For the second quarter of 2026, Trip.com Group reported total net revenues of RMB15.7 billion (US$2.3 billion), representing a 6% increase from the same period in 2025, primarily driven by resilient travel demand. Total net revenues for the second quarter of 2026 decreased by 3% from the previous quarter, primarily due to macro headwinds such as elevated energy prices and geopolitical volatility, alongside operational adjustments the Company implemented to align with evolving industry standards and compliance frameworks.

Accommodation reservation revenue for the second quarter of 2026 was RMB6.6 billion (US$969 million), representing a 6% increase from the same period in 2025, primarily driven by an increase in accommodation reservations, and partially offset by a contra-revenue imposed by the State Administration for Market Regulation of the People’s Republic of China (the “SAMR”). Accommodation reservation revenue for the second quarter of 2026 increased by 1% from the previous quarter.

Transportation ticketing revenue for the second quarter of 2026 was RMB5.4 billion (US$788 million), representing a 1% decrease from the same period in 2025 and a 12% decrease from the previous quarter, primarily due to macro headwinds such as elevated energy prices and geopolitical volatility.

Packaged-tour revenue for the second quarter of 2026 was RMB1.2 billion (US$171 million), representing an 8% increase from the same period in 2025, primarily driven by an increase in packaged-tour reservations. Packaged-tour revenue for the second quarter of 2026 increased by 3% from the previous quarter, primarily driven by resilient travel demand, particularly during the holiday periods.

Corporate travel revenue for the second quarter of 2026 was RMB771 million (US$114 million), representing an 11% increase from the same period in 2025 and a 12% increase from the previous quarter, primarily driven by an increase in corporate travel reservations.

Cost of revenue for the second quarter of 2026 increased by 12% to RMB3.2 billion (US$466 million) from the same period in 2025 and decreased by 5% from the previous quarter, which was generally in line with the fluctuations in total net revenues from the respective periods. Cost of revenue as a percentage of total net revenues was 20% for the second quarter of 2026.

Product development expenses for the second quarter of 2026 increased by 8% to RMB3.8 billion (US$559 million) from the same period in 2025 and decreased by 7% from the previous quarter, primarily due to the fluctuations in product development personnel related expenses. Product development expenses as a percentage of total net revenues were 24% for the second quarter of 2026.

Sales and marketing expenses for the second quarter of 2026 increased by 15% to RMB3.8 billion (US$566 million) from the same period in 2025 and increased by 3% from the previous quarter, primarily due to the increase in expenses relating to sales and marketing promotion activities. Sales and marketing expenses as a percentage of total net revenues were 25% for the second quarter of 2026.

General and administrative expenses for the second quarter of 2026 increased by 477% to RMB6.3 billion (US$933 million) from the same period in 2025 and increased by 463% from the previous quarter, primarily due to the anti-monopoly penalty by the SAMR in the amount of RMB5.2 billion (US$763 million). Without the effect of the anti-monopoly penalty, general and administrative expenses for the second quarter of 2026 would have increased by 5% to RMB1.2 billion (US$170 million) from the same period in 2025 and would have increased by 2% from the previous quarter. General and administrative expenses as a percentage of total net revenues were 40% for the second quarter of 2026. Without the effect of the anti-monopoly penalty, general and administrative expenses as a percentage of total net revenues would have been 7% for the second quarter of 2026.

Income tax expense for the second quarter of 2026 was RMB799 million (US$118 million), compared to RMB998 million for the same period in 2025 and RMB893 million for the previous quarter. The change in Trip.com Group’s effective tax rate was primarily due to the combined impacts of changes in respective profitability of its subsidiaries with different tax rates, changes in deferred tax liabilities relating to withholding tax, certain non-taxable income or loss resulting from the fair value changes in equity securities investments and exchangeable senior notes recorded in other income and anti-monopoly penalty in general and administrative expenses, and changes in valuation allowance provided for deferred tax assets.

Net loss for the second quarter of 2026 was RMB2.4 billion (US$361 million), compared to net income of RMB4.9 billion for the same period in 2025 and net income of RMB2.5 billion for the previous quarter, primarily due to the anti-monopoly penalty by the SAMR in the amount of RMB5.2 billion (US$763 million). Without the effect of the anti-monopoly penalty, net income for the second quarter of 2026 would have been RMB2.7 billion (US$402 million). Adjusted EBITDA for the second quarter of 2026 was RMB4.6 billion (US$673 million), compared to RMB4.9 billion for the same period in 2025 and RMB4.8 billion for the previous quarter.

Net loss attributable to Trip.com Group’s shareholders for the second quarter of 2026 was RMB2.5 billion (US$363 million), compared to net income attributable to Trip.com Group’s shareholders of RMB4.8 billion for the same period in 2025 and RMB2.5 billion for the previous quarter, primarily due to the anti-monopoly penalty by the SAMR in the amount of RMB5.2 billion (US$763 million). Without the effect of the anti-monopoly penalty, net income attributable to Trip.com Group’s shareholders for the second quarter of 2026 would have been RMB2.7 billion (US$400 million). Excluding share-based compensation charges, the anti-monopoly penalty by the SAMR, fair value changes of equity securities investments and exchangeable senior notes recorded in other income, and their tax effects, non-GAAP net income attributable to Trip.com Group’s shareholders for the second quarter of 2026 was RMB4.8 billion (US$706 million), compared to RMB5.0 billion for the same period in 2025 and RMB3.9 billion for the previous quarter.

Diluted loss per ordinary share and per ADS was RMB3.89 (US$0.57) for the second quarter of 2026. Excluding share-based compensation charges, the anti-monopoly penalty by the SAMR, fair value changes of equity securities investments and exchangeable senior notes recorded in other income, and their tax effects, non-GAAP diluted earnings per ordinary share and per ADS was RMB7.27 (US$1.07) for the second quarter of 2026. Each ADS currently represents one ordinary share of the Company.

As of June 30, 2026, the balance of cash and cash equivalents, restricted cash, short-term investment, and held to maturity time deposit and financial products was RMB100.5 billion (US$14.8 billion).

Conference Call

Trip.com Group’s management team will host a conference call at 8:00 PM on September 15, 2026, U.S. Eastern Time (or 8:00 AM on September 16, 2026, Hong Kong Time) following this announcement.

The conference call will be available live on Webcast and for replay at: https://investors.trip.com. The call will be archived for twelve months on our website.

All participants must pre-register to join this conference call using the Participant Registration link below: https://register-conf.media-server.com/register/BI2674f539340943acacf4a39cf6d51444.

Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” “is/are likely to,” “confident,” or other similar statements. Among other things, quotations from management in this press release, as well as Trip.com Group’s strategic and operational plans, contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, severe or prolonged downturn in the global or Chinese economy, general declines or disruptions in the travel industry, volatility in the trading price of Trip.com Group’s ADSs or shares, Trip.com Group’s reliance on its relationships and contractual arrangements with travel suppliers and strategic alliances, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in the relevant jurisdictions where Trip.com Group operates, failure to successfully develop Trip.com Group’s existing or future business lines, damage to or failure of Trip.com Group’s infrastructure and technology, loss of services of Trip.com Group’s key executives, adverse changes in economic and business conditions in the relevant jurisdictions where Trip.com Group operates, any regulatory developments in laws, regulations, rules, policies or guidelines applicable to Trip.com Group, any investigation, enforcement or legal/administrative proceeding against Trip.com Group in connection with its business operation and other risks outlined in Trip.com Group’s filings with the U.S. Securities and Exchange Commission or the Stock Exchange of Hong Kong Limited. All information provided in this press release and in the attachments is as of the date of the issuance, and Trip.com Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement Trip.com Group’s consolidated financial statements, which are prepared and presented in accordance with United States Generally Accepted Accounting Principles (“GAAP”), Trip.com Group uses non-GAAP financial information related to adjusted net income attributable to Trip.com Group Limited, adjusted EBITDA, adjusted EBITDA margin, and adjusted diluted earnings per ordinary share and per ADS, each of which is adjusted from the most comparable GAAP result to exclude the share-based compensation charges that are not tax deductible, fair value changes of equity securities investments and exchangeable senior notes recorded in other income, net of tax, and other applicable items. Trip.com Group’s management believes the non-GAAP financial measures facilitate better understanding of operating results from quarter to quarter and provide management with a better capability to plan and forecast future periods.

Non-GAAP information is not prepared in accordance with GAAP, does not have a standardized meaning under GAAP, and may be different from non-GAAP methods of accounting and reporting used by other companies. The presentation of this additional information should not be considered a substitute for GAAP results. A limitation of using non-GAAP financial measures is that non-GAAP measures exclude share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income, and their tax effects that have been and will continue to be significant recurring expenses in Trip.com Group’s business for the foreseeable future.

Reconciliations of Trip.com Group’s non-GAAP financial data to the most comparable GAAP data included in the consolidated statement of operations are included at the end of this press release.

About Trip.com Group Limited

Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) is a leading global one-stop travel platform, integrating a comprehensive suite of travel products and services and differentiated travel content. It is the go-to destination for many travelers in Asia, and increasingly for travelers around the world, to explore travel, get inspired, make informed and cost-effective travel bookings, enjoy hassle-free on-the-go support, and share travel experience. Founded in 1999 and listed on Nasdaq in 2003 and HKEX in 2021, the Company currently operates under a portfolio of brands, including Ctrip, Qunar, Trip.com, and Skyscanner, with the mission “to pursue the perfect trip for a better world.”

For further information, please contact:

Investor Relations
Trip.com Group Limited
Email: iremail@trip.com

CHANGZHOU, China, Sept. 16, 2026 /PRNewswire/ — STAK Inc. (the “Company” or “STAK”) (Nasdaq: STAK), a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment, today announced that it will hold a meeting of the holders of its class A ordinary shares of par value of USD0.001 each (the “Class A Meeting”) at its executive office at Building 11, 8th Floor, No. 6 Beitanghe East Road, Tianning District, Changzhou, Jiangsu, People’s Republic of China 213000, at 10:00 a.m. on October 9, 2026, Beijing/Hong Kong Time. An extraordinary general meeting of shareholders of the Company (the “EGM” and, together with the Class A Meeting, the “Meetings”) will be held immediately thereafter at the same location.

Holders of record of the Company’s class A ordinary shares of par value of USD0.001 each as of the close of business on September 4, 2026 (the “Record Date”) are entitled to receive notice of and to attend and vote at the Class A Meeting and any adjournment or postponement thereof. All registered shareholders of the Company at the close of business on the Record Date are entitled to receive notice of and to attend and vote at the EGM and any adjournment or postponement thereof.

Copies of the notices of the Meetings and the forms of proxy are available on the Company’s corporate investor relations website at https://www.stakindustry.com/ir/.

About STAK Inc.

STAK Inc. is a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specific production and maintenance equipment. The Company designs and manufactures oilfield-specialized production and maintenance equipment, then collaborates with qualified specialized vehicle manufacturing companies to integrate the equipment onto vehicle chassis, producing specialized oilfield vehicles for sale. Additionally, the Company sells oilfield-specialized equipment components, related products, and provides automation solutions. Its vision is to help oilfield services companies reduce costs and increase efficiency by providing the cutting-edge integrated oilfield equipment and automation solutions service. Its mission is to become a powerful provider for the niche markets of specialized oilfield vehicles and equipment in China. For more information, please visit the Company’s website at https://www.stakindustry.com/ir/.

Forward-looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “potential,” “intend,” “plan,” “believe,” “likely to” or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For more information, please contact:

STAK Inc.
Investor Relations Department
Email: ir@stakindustry.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

Fotor Agent, ranked No. 1 Product of the Day on Product Hunt, turns ideas and raw assets into complete, editable video projects through an intelligent end-to-end production workflow.

LOS ANGELES, Sept. 16, 2026 /PRNewswire/ — Fotor, a leading AI Vibe Marketing Platform serving more than 800 million users worldwide, today announced the launch of Fotor Agent, an AI-powered production system designed to transform how videos are created.

With Fotor Agent, users can create complete, production-ready videos and 4K motion graphics—all fully editable through natural-language prompts. Starting with a brief or raw source materials, the agent understands creative intent, manages long-horizon logical reasoning and planning, generates supporting assets, organizes scenes, and automatically assembles everything onto a multi-track timeline—giving creators total control to refine every detail.

From AI Generation to AI Production

While generating individual clips with AI video models has become virtually effortless, a major industry bottleneck in video production remains: seamlessly orchestrating these fragmented assets—along with music, voiceovers, motion graphics, and subtitles—into a cohesive, release-ready long-form narrative.

Today’s standard video production pipeline remains notoriously fragmented across a wide array of software. Creators must write scripts, map out storyboards, generate video clips, produce subtitles, synthesize voiceovers, source background tracks, and design custom transitions—all across separate tools. Advanced motion graphics often demand specialized software like Adobe After Effects. Then, bringing dozens or even hundreds of disparate media assets together in a video editor like Premiere Pro or CapCut for manual assembly requires constant context-switching between disconnected apps, consuming an immense amount of time, creative energy, and resources.

Fotor Agent bridges this critical gap through its advanced long-horizon reasoning and planning capabilities. Built for end-to-end production, the agent transforms raw creative vision into fully assembled, production-ready narrative videos within a single, unified environment.

Intent-Driven Narrative & Coordinated Generation: Translates creative intent into comprehensive scripts and storyboards—automatically structuring long-form narrative arcs with dramatic pacing—while dynamically orchestrating all media components to guarantee complete character, product, and visual consistency.

Automated Multi-Track Assembly: The engine instantly populates and aligns all generated assets onto independent, dedicated tracks. Guided by your initial input, it automatically calculates precise layout, timing, and layering across the entire timeline, delivering a complete edit in a single pass without human intervention.

In short: Creators bring the imagination—Fotor Agent handles complete video production inside a single system, eliminating the need for fragmented tools. Whether you’re producing brand campaigns, social ads, product demos, science explainers, data visualizations, corporate reports, or dynamic motion graphic promos, the Agent delivers complete, high-quality, production-ready videos.

Create After Effects-level Precision Motion Graphics

Motion graphics are indispensable to modern visual communications—powering everything from high-impact product demos and corporate reporting to scientific explainers and social campaigns. Yet, achieving After Effects-level motion design has long required specialized software, steep technical barriers, and tedious production cycles.

Fotor Agent reimagines motion graphics production with chat-driven workflows. Creators can simply describe their ideas to instantly produce AE-grade 4K animated infographics—translating raw information like charts, line graphs, data cards, key metrics, and process diagrams with pixel-perfect text accuracy. By automating complex motion design, the Agent cuts production time and costs by two orders of magnitude.

Conventional AI video models bake motion graphics directly into uneditable pixel streams, locking visual layers and timing into static video files where any late-stage modification requires a costly full regeneration. In contrast, Fotor Agent keeps graphic elements fully parametric. Text, brand colors, charts, visual layers, animation pacing, and element positions remain live and fully interactive on the preview canvas.

Editable Projects: Designed for Total Post-Production 

Conventional AI video generators output flattened video files—where even a minor tweak to a specific region or element forces a time-consuming full-project regeneration. Fotor Agent transforms this process by delivering a fully transparent, multi-track editable project. While the AI Agent handles macro narrative structure and orchestration, the built-in editor gives you flexible element-level post-production control.

Complete Non-Destructive Editing Suite:

Decoupled multi-track Timeline: Video, voiceovers, music, sound effects, subtitles, and motion graphics are organized into dedicated tracks. Creators can select specific clips or assets on the timeline for localized manual editing, or attach them in chat for precise, conversational prompt adjustments with the Agent.

Editable Motion Graphics: Empowering creators with granular control over visual elements right on the video canvas. Instead of forcing full scene re-renders for minor updates, creators can directly select and fine-tune motion graphics on the spot—revising text content, adjusting font sizes, customizing color palettes, tweaking line thickness, repositioning elements or reordering flowchart steps through intuitive parameter controls.

Semantic-Level Intelligent Video Editing

Fotor Agent intelligently analyzes video content to grasp your creative vision and key messaging, automatically transforming long-form videos into high-impact highlights. Guided by smart video editing algorithms, it pinpoints peak moments, strips out filler and bloopers, inserts context-aware B-roll, and auto-completes subtitles, background music, and smooth transitions.

Taking editing a step further, the engine intelligently pairs standard video footage with dynamic Motion Graphics and high-end typography. By automatically matching visual styles, layouts, and pacing to your video’s context, it effortlessly elevates ordinary raw footage into sophisticated, professional-grade visual content.

Radical Cost Reduction and Unmatched Production Efficiency

By unifying long-horizon planning, asset generation, motion design, and editing into a single automated workspace, Fotor Agent dramatically slashes production costs and accelerates delivery. What once took marketing teams 3 to 5 days across the entire end-to-end video production pipeline—from initial creative briefing and scripting to asset generation, timeline assembly, final packaging, and adjusting—is now compressed into under 1 hour for 2-minute video, enabling rapid content scaling, low-cost A/B testing, and effortless global campaign rollouts.

End-to-End Automated Orchestration: Instead of manually stitching together fragmented tools and assets, the Agent automatically coordinates narrative design, asset generation, and timeline assembly in a single pass—eliminating the friction of traditional manual workflows and saving significant time.

Non-Destructive Iteration: Continuous revision and editing remain a critical bottleneck in traditional video workflows. Fotor Agent eliminates costly full-project regenerations by allowing precise, element-level adjustments directly on the multi-track timeline and canvas—drastically slashing iteration costs.

Exponential Savings in Motion Graphics: The cost impact is especially striking in high-end motion design. According to Fotor’s internal benchmarks, the Agent cuts MG production costs to 1/200th of traditional After Effects workflows while boosting generation and editing speed 50-fold. Crucially, because elements stay fully parametric, you can edit text, layout, or animation timing on the fly—without paying for extra renders.

New Foundation for AI-Powered Visual Creation

“Professional visual capability should be accessible to everyone,” said Tony Duan, Founder and CEO of Fotor. “Fotor Agent bridges the gap between raw AI output and real-world execution, marking the shift from generating individual assets to completing the entire production process.”

Integrated into Fotor’s AI Vibe Marketing workflow, Fotor Agent extends the platform from image and design creation to end-to-end, fully editable video production.

Fotor Agent is available at www.fotor.com/agent/.

About Fotor

Fotor is a leading AI Vibe Marketing Platform serving more than 800 million users worldwide. It helps individuals, creators, and businesses transform ideas into professional visual content across images, design, and video. Serving users in more than 200 countries and regions, Fotor provides AI-powered creative tools that make advanced visual production faster, simpler, and more accessible.

Website: www.fotor.com