Trip.com Group Limited (TCOM), a leading online travel booking platform, saw its stock price plummet by 11.26% in pre-market trading on Tuesday, following the release of its fourth-quarter 2024 earnings results on Tuesday.

While the company reported a 23% year-over-year increase in revenue to 12.77 billion yuan, its earnings per share of 3.09 yuan fell short of analyst expectations of 4.08 yuan. This earnings miss, coupled with a significant decline in Trip.com's full-year 2024 profit to 2.34 billion yuan from 17.07 billion yuan in 2023, weighed heavily on investor sentiment, triggering the sharp sell-off in the company's shares.

Despite announcing a dividend of $0.30 per American depositary share, investors appear concerned about Trip.com's ability to sustain its growth momentum and profitability in the face of macroeconomic headwinds and intensifying competition in the online travel industry.