Shares of Trip.com Group Limited (TCOM) slumped over 7% in pre-market trading on Tuesday, following the company's release of its fourth-quarter 2024 earnings results. The travel booking platform reported a 23% year-over-year increase in revenue to 12.77 billion yuan, but its earnings per share of 3.09 yuan fell short of analyst estimates, weighing on investor sentiment.

While Trip.com's net income attributable to shareholders rose to 2.16 billion yuan from 1.3 billion yuan a year earlier, its full-year 2024 profit plummeted to 2.34 billion yuan from 17.07 billion yuan in 2023. This significant decline in annual profitability, coupled with the Q4 earnings miss, appears to have triggered the pre-market selloff in the company's shares.

Despite announcing a dividend of $0.30 per American depositary share, investors seem 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.