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Trip.com Group Limited Reports Unaudited Third Quarter of 2024 Financial Results

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SINGAPORE, Nov. 18, 2024 /PRNewswire/ — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) (“Trip.com Group” or the “Company”), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced its unaudited financial results for the third quarter of 2024.

Key Highlights for the Third Quarter of 2024

International businesses experienced robust growth across all segments in the third quarter of 2024

–        Outbound hotel and air reservations rebounded to approximately 120% of the pre-COVID level for the same period in 2019. 
–        Air ticket and hotel reservations on the Company’s international OTA brand increased by over 60% year-over-year.

The Company delivered solid results in the third quarter of 2024

–        Net revenue for the third quarter grew by 16% year-over-year. 
–        Net income for the third quarter was RMB6.8 billion (US$970 million), compared to RMB4.6 billion for the same period in 2023. 
–        Adjusted EBITDA for the third quarter was RMB5.7 billion (US$808 million), improving from RMB4.6 billion for the same period last year.

“During the third quarter of 2024, both domestic and international travel exhibited robust growth,” said James Liang, Executive Chairman. “With increasing consumer confidence and heightened travel sentiment, we are optimistic about the continued growth of the travel industry. Additionally, we are confident that the AI-driven technological revolution will play a pivotal role in shaping the future of the global travel industry.”

“We are delighted to witness the resilience of the travel market. Through our hard work, we are proud to create new job opportunities for young people and bring new business volume to our partners in the travel industry,” said Jane Sun, Chief Executive Officer. “Travel is a catalyst for economic growth, a bridge to understanding, and a pathway to a peaceful world. We will continue to offer excellent service, drive business for our partners, and introduce China to the world through travel.” 

Third Quarter of 2024 Financial Results and Business Updates

For the third quarter of 2024, Trip.com Group reported net revenue of RMB15.9 billion (US$2.3 billion), representing a 16% increase from the same period in 2023, primarily driven by stronger travel demand. Net revenue for the third quarter of 2024 increased by 24% from the previous quarter, primarily due to seasonality.

Accommodation reservation revenue for the third quarter of 2024 was RMB6.8 billion (US$969 million), representing a 22% increase from the same period in 2023, primarily driven by an increase in accommodation reservations. Accommodation reservation revenue for the third quarter of 2024 increased by 32% from the previous quarter, primarily due to seasonality.

Transportation ticketing revenue for the third quarter of 2024 was RMB5.7 billion (US$805 million), representing a 5% increase from the same period in 2023 primarily driven by an increase in transportation reservations. Transportation ticketing revenue for the third quarter of 2024 increased by 16% from the previous quarter, primarily due to seasonality.

Packaged-tour revenue for the third quarter of 2024 was RMB1.6 billion (US$222 million), representing a 17% increase from the same period in 2023, primarily driven by an increase in packaged-tour reservations. Packaged-tour revenue for the third quarter of 2024 increased by 52% from the previous quarter, primarily due to seasonality.

Corporate travel revenue for the third quarter of 2024 was RMB656 million (US$93 million), representing an 11% increase from the same period in 2023, primarily driven by an increase in corporate travel reservations. Corporate travel revenue for the third quarter of 2024 increased by 4% from the previous quarter.

Cost of revenue for the third quarter of 2024 increased by 13% to RMB2.8 billion (US$399 million) from the same period in 2023 and increased by 21% from the previous quarter, which was generally in line with the increase in net revenue from the respective periods. Cost of revenue as a percentage of net revenue was 18% for the third quarter of 2024.

Product development expenses for the third quarter of 2024 increased by 2% to RMB3.6 billion (US$519 million) from the same period in 2023 and increased by 22% from the previous quarter, primarily due to an increase in product development personnel related expenses. Product development expenses as a percentage of net revenue was 23% for the third quarter of 2024.

Sales and marketing expenses for the third quarter of 2024 increased by 23% to RMB3.4 billion (US$482 million) from the same period in 2023 and increased by 19% 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 net revenue was 21% for the third quarter of 2024.

General and administrative expenses for the third quarter of 2024 increased by 2% to RMB1.0 billion (US$149 million) from the same period in 2023 and decreased by 3% from the previous quarter. General and administrative expenses as a percentage of net revenue was 7% for the third quarter of 2024.

Income tax expense for the third quarter of 2024 was RMB721 million (US$103 million), compared to RMB448 million for the same period in 2023 and RMB693 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/(expense), and changes in valuation allowance provided for deferred tax assets.

Net income for the third quarter of 2024 was RMB6.8 billion (US$970 million), compared to RMB4.6 billion for the same period in 2023 and RMB3.9 billion for the previous quarter. Adjusted EBITDA for the third quarter of 2024 was RMB5.7 billion (US$808 million), compared to RMB4.6 billion for the same period in 2023 and RMB4.4 billion for the previous quarter.

Net income attributable to Trip.com Group’s shareholders for the third quarter of 2024 was RMB6.8 billion (US$962 million), compared to RMB4.6 billion for the same period in 2023 and RMB3.8 billion for the previous quarter. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), and their tax effects, non-GAAP net income attributable to Trip.com Group’s shareholders for the third quarter of 2024 was RMB6.0 billion (US$847 million), compared to RMB4.9 billion for the same period in 2023 and RMB5.0 billion for the previous quarter.

Diluted earnings per ordinary share and per ADS was RMB9.93 (US$1.42) for the third quarter of 2024. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), and their tax effects, non-GAAP diluted earnings per ordinary share and per ADS was RMB8.75 (US$1.25) for the third quarter of 2024. Each ADS currently represents one ordinary share of the Company.

As of September 30, 2024, the balance of cash and cash equivalents, restricted cash, short-term investment, and held to maturity time deposit and financial products was RMB86.9 billion (US$12.4 billion).

Conference Call

Trip.com Group’s management team will host a conference call at 7:00 PM on November 18, 2024, U.S. Eastern Time (or 8:00 AM on November 19, 2024, Hong Kong Time) following the 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.vevent.com/register/BIacab26e628b84d85a1589994ea124dc9

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 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/(expense), 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/(expense), 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 travelers in China, 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
Tel: +86 (21) 3406-4880 X 12229
Email: iremail@trip.com

 

 

Trip.com Group Limited

Unaudited Consolidated Balance Sheets

(In millions, except share and per share data)

December 31, 2023

 September 30, 2024 

 September 30, 2024 

RMB (million)

 RMB (million) 

 USD (million) 

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

43,983

41,982

5,982

Short-term investments

17,748

34,316

4,890

Accounts receivable, net 

11,410

13,839

1,972

Prepayments and other current assets 

15,591

24,461

3,486

Total current assets

88,732

114,598

16,330

Property, equipment and software

5,142

5,060

721

Intangible assets and land use rights

12,644

12,898

1,838

Right-of-use asset

641

732

104

Investments (Includes held to maturity time deposit and

financial products of RMB15,530 million and RMB10,561

million as of December 31,2023 and September 30,

2024, respectively)

49,342

46,745

6,661

Goodwill

59,372

60,926

8,682

Other long-term assets

688

545

78

Deferred tax asset

2,576

2,796

398

Total assets

219,137

244,300

34,812

LIABILITIES

Current liabilities:

Short-term debt and current portion of long-term debt

25,857

26,607

3,792

Accounts payable

16,459

17,596

2,507

Advances from customers

13,380

17,217

2,453

Other current liabilities

16,715

19,017

2,711

Total current liabilities

72,411

80,437

11,463

Deferred tax liability

3,825

3,797

541

Long-term debt

19,099

19,126

2,725

Long-term lease liability

477

543

77

Other long-term liabilities

319

270

39

Total liabilities

96,131

104,173

14,845

MEZZANINE EQUITY

–

733

104

SHAREHOLDERS’ EQUITY

Total Trip.com Group Limited shareholders’ equity

122,184

138,410

19,723

Non-controlling interests

822

984

140

Total shareholders’ equity

123,006

139,394

19,863

Total liabilities, mezzanine equity and shareholders’

equity

219,137

244,300

34,812

 

 

Trip.com Group Limited

Unaudited Consolidated Statements of Income

(In millions, except share and per share data)

Quarter ended

Quarter ended

Quarter ended

Quarter ended

September 30, 2023

June 30, 2024

September 30, 2024

September 30, 2024

RMB (million)

RMB (million)

RMB (million)

USD (million)

    Revenue:

Accommodation reservation 

5,589

5,136

6,802

969

Transportation ticketing 

5,367

4,871

5,650

805

Packaged-tour 

1,328

1,025

1,558

222

Corporate travel

591

633

656

93

Others

876

1,123

1,234

176

Total revenue

13,751

12,788

15,900

2,265

Less: Sales tax and surcharges

(11)

(16)

(27)

(4)

Net revenue

13,740

12,772

15,873

2,261

Cost of revenue

(2,467)

(2,312)

(2,800)

(399)

Gross profit

11,273

10,460

13,073

1,862

Operating expenses:

Product development *

(3,577)

(2,993)

(3,640)

(519)

Sales and marketing *

(2,759)

(2,835)

(3,382)

(482)

General and administrative *

(1,028)

(1,077)

(1,045)

(149)

Total operating expenses

(7,364)

(6,905)

(8,067)

(1,150)

Income from operations

3,909

3,555

5,006

712

Interest income 

543

634

598

85

Interest expense

(529)

(514)

(399)

(57)

Other income/(expense)

545

(183)

1,781

254

Income before income tax

expense and equity in income of

affiliates

4,468

3,492

6,986

994

Income tax expense

(448)

(693)

(721)

(103)

Equity in gain of affiliates

618

1,089

558

79

Net income

4,638

3,888

6,823

970

Net income attributable to non-

controlling interests and mezzanine

classified non-controlling interests

(23)

(55)

(58)

(8)

Net income attributable to

Trip.com Group Limited

4,615

3,833

6,765

962

Earnings per ordinary share 

– Basic

7.05

5.84

10.37

1.48

– Diluted

6.84

5.57

9.93

1.42

Earnings per ADS 

– Basic

7.05

5.84

10.37

1.48

– Diluted

6.84

5.57

9.93

1.42

Weighted average ordinary shares outstanding 

– Basic

654,146,029

655,857,569

652,719,801

652,719,801

– Diluted

674,134,652

687,977,626

681,411,847

681,411,847

* Share-based compensation included in Operating expenses above is as follows:

  Product development 

242

322

221

31

  Sales and marketing 

44

55

38

5

  General and administrative 

223

297

200

29

 

 

Trip.com Group Limited

Unaudited Reconciliation of  GAAP and Non-GAAP Results

(In millions, except %, share and per share data)

Quarter ended

Quarter ended

Quarter ended

Quarter ended

September 30, 2023

June 30, 2024

September 30, 2024

September 30, 2024

RMB (million)

RMB (million)

RMB (million)

USD (million)

Net income

4,638

3,888

6,823

970

Less: Interest income

(543)

(634)

(598)

(85)

Add: Interest expense

529

514

399

57

Add: Other (income)/expense

(545)

183

(1,781)

(254)

Add: Income tax expense

448

693

721

103

Add: Equity in income of affiliates

(618)

(1,089)

(558)

(79)

Income from operations

3,909

3,555

5,006

712

Add: Share-based compensation

509

674

459

65

Add: Depreciation and amortization

204

207

215

31

Adjusted EBITDA

4,622

4,436

5,680

808

Adjusted EBITDA margin

34 %

35 %

36 %

36 %

Net income attributable to Trip.com Group Limited

4,615

3,833

6,765

962

Add: Share-based compensation

509

674

459

65

Add: (Gain)/loss from fair value changes of equity securities

investments and exchangeable senior notes

(185)

435

(1,276)

(182)

Add: Tax effects on fair value changes of equity securities

investments and exchangeable senior notes

(42)

43

15

2

Non-GAAP net income attributable to Trip.com Group Limited

4,897

4,985

5,963

847

Weighted average ordinary shares outstanding-
 Diluted-non GAAP 

674,134,652

687,977,626

681,411,847

681,411,847

Non-GAAP Diluted income per share 

7.26

7.25

8.75

1.25

Non-GAAP Diluted income per ADS 

7.26

7.25

8.75

1.25

Notes for all the condensed consolidated financial schedules

presented:

Note 1: The conversion of Renminbi (RMB) into U.S. dollars (USD) is based on the certified exchange rate of USD1.00=RMB7.0176 on September 30, 2024 published by the

Federal Reserve Board.

 

View original content:https://www.prnewswire.com/news-releases/tripcom-group-limited-reports-unaudited-third-quarter-of-2024-financial-results-302308299.html

SOURCE Trip.com Group Limited

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POMDOCTOR LIMITED Advances Strategic Evolution from Traffic Monetization to Value-Based Healthcare Payment

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Building a Four-Tier Revenue Structure Across B2C Services, AI-Enabled Chronic Disease Management, B2B Healthcare Services, and Pharmaceutical RWS/RWD

GUANGZHOU, China, Nov. 4, 2026 /PRNewswire/ — POMDOCTOR LIMITED (“Pomdoctor” or the “Company”) (NASDAQ: POM), a digital healthcare company focused on advancing AI-enabled healthcare solutions, today provided an overview of its strategic evolution and business model transformation amid the rapid development of China’s digital healthcare industry. Since its establishment in 2010, Pomdoctor has progressively evolved from the industry’s early “traffic monetization” model toward a more diversified and value-oriented healthcare ecosystem, culminating in its current four-tier revenue structure spanning B2C healthcare services, AI-enabled chronic disease management, B2B enterprise and hospital services, and pharmaceutical real-world study (“RWS”) and real-world data (“RWD”) services.

From Traffic Monetization to Diversified Healthcare Services

Pomdoctor was established in 2010, when China’s digital healthcare industry was entering an early stage of transformation. At the time, the prevailing business model centered on “traffic monetization,” with online consultations and pharmaceutical e-commerce generating revenue primarily through user acquisition, engagement, and pharmaceutical sales. As major participants from the e-commerce and pharmaceutical sectors entered the market, competition intensified, placing increasing pressure on the sustainability and differentiation of this model.

Recognizing the structural limitations of relying primarily on user traffic and pharmaceutical transactions, including patients’ limited willingness to pay directly for healthcare services, constrained health insurance coverage, and limitations in advertising-based monetization, Pomdoctor began developing a more diversified business model. The Company expanded beyond a purely service-oriented model and introduced subscription-based offerings supported by more refined operations and specialized healthcare services, establishing an early foundation for recurring and diversified revenue generation.

Expansion into B2B and Hospital Services

As the digital healthcare industry continued to evolve, Pomdoctor further expanded into B2B services, leveraging its healthcare expertise and digital capabilities to provide digital marketing solutions for pharmaceutical companies. Over time, this business evolved from pharmaceutical-focused digital services toward deeper engagement with healthcare institutions, including public hospitals.

This transition enabled Pomdoctor to broaden its role within the healthcare ecosystem, from serving individual users to connecting patients, healthcare providers, pharmaceutical companies, and other enterprise stakeholders. The Company believes this accumulated experience and institutional connectivity have provided an important foundation for its subsequent expansion into higher-value healthcare services.

Leveraging AI and Data to Unlock New Value

With the emergence of artificial intelligence (“AI”) as a transformative force across the healthcare industry, Pomdoctor has continued to build on its existing capabilities by developing and piloting AI-enabled healthcare programs with the objective of converting clinical applications into scalable, revenue-generating services. At the same time, the Company’s accumulated healthcare data assets have created opportunities for higher-value applications in chronic disease management, pharmaceutical research, and other data-driven healthcare services.

By integrating AI technologies, wearable devices, and its existing digital healthcare infrastructure, Pomdoctor is developing a more integrated ecosystem designed to connect patient services, chronic disease management, healthcare institutions, pharmaceutical companies, and data-driven applications. The Company believes this integrated approach can progressively transform data assets from primarily operational resources into sources of incremental commercial value. The Company’s AI-enabled chronic disease subscriptions and pharmaceutical RWS/RWD services are at an early stage of commercialization.

Building a Four-Tier Revenue Structure

Pomdoctor’s current business model is structured around four interconnected revenue tiers:

B2C Basic Healthcare Services — providing an entry point for patients and users through core digital healthcare services;AI-Enabled Chronic Disease Membership Subscriptions — extending user relationships through personalized, technology-enabled chronic disease management and recurring subscription services;B2B Enterprise and Hospital Services — leveraging the Company’s healthcare capabilities and institutional relationships to provide digital solutions and services to enterprises and healthcare institutions; andPharmaceutical RWS/RWD Services — leveraging accumulated healthcare data, clinical experience, and AI capabilities to support pharmaceutical companies in real-world studies (“RWS”) and real-world data (“RWD”) applications.

Together, these four tiers are designed to create a progressive value chain rather than operate as independent revenue streams. B2C services provide the foundation for patient engagement and healthcare data accumulation; AI-enabled chronic disease subscriptions deepen patient relationships and enhance recurring revenue; B2B enterprise and hospital services broaden the Company’s institutional reach and commercial applications; and the resulting data and healthcare infrastructure create a foundation for higher-value pharmaceutical RWS/RWD services.

Pomdoctor believes this interconnected model is designed for longer-term growth opportunities, while creating a potential flywheel effect in which expanding users, healthcare services, institutional relationships, AI applications, and data assets reinforce one another and support the Company’s ongoing transition toward more value-based healthcare monetization.

Management Commentary

Mr. Zhenyang Shi, Chairman and Chief Executive Officer of Pomdoctor, commented: “Since our inception, we have continuously sought distinctive and sustainable ways to create value as the healthcare industry evolves through successive waves of business model and technological change. From our early focus on digital healthcare services, to the development of subscription-based offerings and B2B healthcare services, and now to AI-enabled chronic disease management and data-driven pharmaceutical services, we have consistently endeavored to invest ahead of emerging industry trends while building upon our existing capabilities.

“Today, Pomdoctor is focused on further strengthening our four-tier revenue structure and integrating these businesses into a more comprehensive healthcare ecosystem. We believe the combination of healthcare services, AI, institutional capabilities, and data assets provides a scalable foundation for our next stage of growth. With our experience and capabilities in China, we are also exploring opportunities to replicate and adapt this model in key international markets. We remain committed to continuously improving our business model, expanding our ecosystem, and translating our operational capabilities and innovation into sustainable long-term value for our shareholders.”

About POMDOCTOR LIMITED

POMDOCTOR LIMITED (NASDAQ: POM) is a digital healthcare company focused on advancing AI-enabled healthcare solutions and expanding predictive healthcare capabilities. The Company leverages physician resources, wearable technologies, artificial intelligence, healthcare payment networks and real-world healthcare data to support more personalized, continuous and data-driven healthcare services. Building upon its established healthcare platform and physician network, POM is pursuing the development of a predictive healthcare data and services infrastructure designed to improve healthcare outcomes and create long-term value for patients, healthcare providers and other ecosystem participants. For more information, please visit the Company’s website: http://ir.7shiliu.com.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements are made under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding: the Company’s strategic evolution from a traffic monetization model toward value-based healthcare payment and monetization; the Company’s plans to further strengthen its four-tier revenue structure spanning B2C basic healthcare services, AI-enabled chronic disease membership subscriptions, B2B enterprise and hospital services, and pharmaceutical RWS/RWD services, and to integrate these businesses into a more comprehensive healthcare ecosystem; the Company’s development and piloting of AI-enabled healthcare programs and its ability to convert clinical applications into scalable, revenue-generating services; the Company’s plans to integrate AI technologies, wearable devices and its existing digital healthcare infrastructure, and its belief that such integration can progressively transform data assets into sources of incremental commercial value; the Company’s expectations regarding growth in recurring subscription revenue, the expansion of its institutional reach and relationships with healthcare institutions, including public hospitals, and pharmaceutical companies, and the development of higher-value pharmaceutical RWS/RWD services; the Company’s belief that its interconnected business model is designed to balance near-term revenue generation and cash flow with longer-term growth opportunities and to create a potential flywheel effect; the Company’s exploration of opportunities to replicate and adapt its business model in key international markets; and the anticipated benefits of the Company’s strategy for patients, healthcare providers, pharmaceutical companies, shareholders and other ecosystem participants, including sustainable long-term value creation. Investors can identify many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “aims,” “estimates,” “projects,” “intends,” “plans,” “pursues,” “positions,” “will,” “would,” “should,” “could,” “may” or other similar expressions. These forward-looking statements are based on the Company’s current expectations, assumptions and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, and involve known and unknown risks and uncertainties, many of which are beyond the Company’s control. 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 investors are cautioned not to place undue reliance on these forward-looking statements. All forward-looking statements speak only as of the date of this announcement, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, except as may be required by law.

Actual results may differ materially from those expressed or implied in these forward-looking statements due to a number of factors and uncertainties. Investors are urged to review the section entitled “Item 3. Key Information—D. Risk Factors” in the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 14, 2026, and the Company’s other filings with the SEC, which are available on the SEC’s website at www.sec.gov.

For more information, please contact:

POMDOCTOR LIMITED
Investor Relations Department
Email: ir@7lk.com

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

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SOURCE POMDOCTOR LIMITED

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Prava Expands Its Innovative Senior Living Therapy Model with OneStep Movement Intelligence

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Partnership combines on-site therapy with advanced movement intelligence to help senior living operators identify mobility risks earlier, improve resident outcomes, and gain greater visibility into resident health.

NEW YORK, Nov. 4, 2026 /PRNewswire/ — Prava, a provider of physical, occupational, and speech therapy services powered by its proprietary AI platform, today announced a partnership with OneStep that puts mobility at the center of resident care. By adding OneStep’s AI-powered movement intelligence to the care it delivers, Prava is giving care teams and operators an ongoing, objective view of how each resident moves, and showing what therapy can contribute to a community beyond the treatment session.

The partnership builds on Prava’s proactive clinical model, adding objective movement intelligence to help teams identify changes earlier, guide individualized care, and measure progress over time.

Making Movement a Vital Sign in Senior Living

How a resident walks holds clues about their health. OneStep translates those patterns into actionable data, enabling therapists to assess resident mobility in seconds and monitor progress beyond traditional therapy visits.

Using the OneStep CARE clinician application, Prava therapists can capture objective gait measurements during on-site visits, identify changes in mobility, and use those insights to guide clinical decisions. The technology also supports remote monitoring capabilities, helping extend clinical visibility between scheduled appointments.

The partnership establishes a foundation for integrating movement intelligence more broadly into Prava’s proprietary AI platform, with the goal of giving clinicians and senior living operators a more comprehensive picture of resident mobility and therapy outcomes.

“Senior living operators are increasingly expected to deliver better resident outcomes while managing growing clinical complexity,” said Tim Eby, CEO and Co-Founder of Prava. “We believe therapy should play a much bigger role in helping communities address those challenges. By combining Prava’s clinical teams, proprietary AI platform, and OneStep’s movement intelligence, we’re bringing a more proactive approach to fall prevention and mobility care into senior living, and making the value of therapy more measurable for residents and operators alike.”

A More Proactive Approach to Fall Prevention

What if care teams could see elevated fall risk up to two weeks before a fall happens? With OneStep, Prava therapists can. Falls remain one of the most significant challenges facing senior living communities, affecting resident safety, independence, and quality of life. Yet subtle changes in mobility that may signal increased fall risk can be difficult to identify through traditional assessments alone.

OneStep’s FDA-listed technology analyzes more than 30 gait parameters using only a smartphone, with no wearables or specialized equipment required. Drawing on more than 35 billion steps analyzed, its technology can identify meaningful mobility trends, including the ability to predict the elevated risk of falls up to two weeks before they happen.

By integrating these capabilities into Prava’s therapy programs, clinicians can establish objective mobility baselines, monitor changes over time, and use those insights to personalize treatment and coordinate with community care teams.

Greater Visibility and Value for Senior Living Operators

Unlike traditional therapy providers that rely on disconnected third-party systems, Prava has built and owns its entire AI-powered technology platform, integrating clinical documentation, scheduling, billing, analytics, and operational workflows.

This proprietary infrastructure enables Prava to incorporate innovations like OneStep’s movement intelligence directly into clinical care, creating a more connected therapy experience for residents and greater visibility for senior living operators.

“Therapy doesn’t stop when a patient leaves the clinic, and the data shouldn’t either,” said Tomer Shussman, CEO of OneStep. “A therapist should be able to build a digital practice with powerful clinical insights at their fingertips. Together with Prava, we’re making that possible, turning a resident’s everyday movement into insight that helps therapists guide care from anywhere.”

About Prava

Prava is a provider of physical, occupational, and speech therapy services powered by a proprietary, end-to-end AI platform. By combining exceptional clinical care with purpose-built technology, Prava is redefining how therapy is delivered, managed, and measured across senior living communities and beyond.

About OneStep

OneStep is an AI-powered movement intelligence platform that turns everyday movement into clinically meaningful insight. Using only smartphone sensors, its FDA-listed technology delivers gait and motion analysis in seconds, with no wearables required, helping providers assess, treat, and monitor patients from anywhere.

OneStep serves senior living communities, health systems, rehabilitation providers, and medical device manufacturers, giving care teams the data to improve mobility, reduce falls, and support Remote Therapeutic Monitoring.

View original content to download multimedia:https://www.prnewswire.com/news-releases/prava-expands-its-innovative-senior-living-therapy-model-with-onestep-movement-intelligence-302928744.html

SOURCE OneStep

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DAVE & BUSTER’S SURRENDERS TO DOOM. INTRODUCING DOOM & BUSTER’S.

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Dave & Buster’s yields to the awesome might of Doctor Doom, surrendering its own name for a nationwide takeover built around Marvel Studios’ Avengers: Doomsday, with Doomsday Zones, Marvel games, exclusive Marvel merchandise, Collectible Power Cards, a villain-worthy drink menu and DOOMHOUR, a surprise hour of double tickets.

DALLAS, Nov. 4, 2026 /PRNewswire/ — Dave & Buster’s is gone. In its place: Doom & Buster’s.

As the world counts down to Marvel Studios’ Avengers: Doomsday, in theaters December 18, the ultimate destination for games, food and drinks has submitted. For a limited-time it surrenders its name, its stores, and its games to Doctor Doom, turning locations nationwide into the one place fans can step inside the world of Doomsday before it ever reaches the big screen. ALL SHALL PLAY.

The submission begins this week. New Marvel-themed games and in-store experiences roll out today, building to the full Doom & Buster’s takeover on November 16: immersive Doomsday Zones, Collectible Power Cards, exclusive Marvel merchandise, themed prizes, a lineup of cocktails and mocktails, and DOOMHOUR, a surprise hour in which D&B Rewards members earn double tickets on green-swipe games. Resistance is pointless. PLAY IS MANDATORY.

“When one of the biggest movies of the year is coming, you don’t put up a poster. You bend the knee,” said Jeremy Tucker, Chief Marketing Officer at Dave & Buster’s. “We gave Doom our name. We gave him the floor. We gave him the bar. Doom & Buster’s is a world fans can only walk into with us, and it’s built for the thing we do better than anyone: bringing people together to play, compete and be part of the action. All shall play. We’re just making it official.”

“We’re always looking for brands who are willing to think bigger, and Dave & Buster’s did exactly that. Rather than creating a traditional promotion, they transformed their entire business into an immersive celebration of Marvel Studios’ Avengers: Doomsday, in theaters December 18. The result is a bold, fan-first experience that extends the story beyond the theater and into the real world in a way only Dave & Buster’s could,” said Lylle Breier, EVP, Partnerships, Promotions and Events, The Walt Disney Studios.

Doom & Buster’s runs November 16, 2026 through January 31, 2027 at Dave & Buster’s locations nationwide. Games, attractions, and prizes vary by location.

ALL SHALL PLAY. Enter the Doomsday Zone.

The heart of the takeover is the Doomsday Zone, opening November 16 in stores nationwide. Themed entry arches mark the point of Doomsday domination. Beyond them, Marvel games, signage and game screens pull guests into the Doomsday Zone, where they can team up, race friends and hunt down themed prizes before and during the film’s run. Doom does not ask. Doom decrees.

The first decrees take effect today, giving guests a head start on the action:

MARVEL Cosmic Invasion: A fast-paced, 4-player, action beat’em up game. Choose two Super Heroes from across the Marvel Universe, switch between their abilities mid-fight, and hold the line against waves of enemies.Avengers: Roller Race & Battle: A 4-player head-to-head race with a villain to take down on the way. Fastest to the finish helps save the day.Human Crane: You are the claw. Strap in, lift off and get lowered into a sea of prizes, including brand-new inflatables.Mystery Crane: The classic claw with a twist. Every mystery pillow box hides a surprise.Thor’s Hammer Strike: Channel the god of thunder. One swing could top the leaderboard and score legendary ticket wins.The Arena: New games and a full immersive takeover bring a whole new world of play to life.Smash N Win: Take your shot and collect all 20 collectible character-themed balls before they’re gone.Avengers Themed Photo Booth: Snap a photo solo or with friends and family, then take home your photo as a keepsake from your visit.

The takeover also brings a themed Avengers Funko pusher stocked with Avengers-only Funko prizes and limited-time Avengers-inspired cotton candy flavors. Additional games and attractions vary by location.

Take the multiverse home. Collectible Power Cards featuring Thor, Doctor Doom, Yelena and more are available at kiosks for a limited time while supplies last, alongside brand-new themed prizes.

“With the scale and variety of experiences as part of Doom & Buster’s, fans can have a completely different experience more than once — with different challenges and games to tackle, more surprises to uncover, and memories to make with friends and family,” said Holly Frank, VP, Partnerships & Promotions.

When DOOMHOUR strikes, the tickets double.

Doctor Doom rewards the loyal and chooses the hour. Beginning November 16, at randomly selected times throughout the campaign, DOOMHOUR strikes: one surprise hour in which D&B Rewards members earn double tickets on green-swipe games at locations nationwide. The crowd finds out when it hits. The loyal find out first.

D&B Rewards members receive advance warning straight from Doctor Doom: a push notification in the D&B Rewards app 24 hours ahead reveals the date of the next DOOMHOUR, and a second notification on the day reveals the hour itself. When it begins, in-store screens and D&B Live radio sound the alarm for everyone else. Loyalty has its privileges. Join D&B Rewards by downloading the app on the Apple App Store and Google Play.

RAISE A GLASS TO THE NEW REGIME

Doctor Doom’s rule extends to the bar, with a limited-time lineup of three cocktails made with Smirnoff, the World’s No. 1 Vodka, and two alcohol-free mocktails, available November 16, 2026 through January 31, 2027.

Cocktails:

Doomsday’s Dominion: Doomsday has taken over. Submit to a powerful mix of Smirnoff No. 21 Vodka, melon liqueur, pineapple and lemon-lime soda, served with a Black Magic sidecar to pour and relinquish to chaos.Multiversal Mule: Enter the multiverse with Smirnoff No. 21 Vodka, blue orange liqueur, dragon fruit and ginger beer, finished with edible luster dust and an LED glow cube. One universe was never enough.Fantastic Flight: Four cocktails. Four powers. One fantastic flight. Smirnoff No. 21 Vodka, orange liqueur and premium citrus sour become four mini cocktails, each with its own super-powered flavor.

Mocktails:

Panther’s Potion: Unleash the power within with a bold mix of cherry, ginger beer and premium citrus sour, served with a blue vibranium shimmer sidecar and a silver sugar rim.Captain Punch: A tropical punch of blue raspberry, coconut, pineapple, lemon-lime soda and premium citrus sour, finished with a blue sugar rim, cherries and a blue sour strip only fit for a captain.

Guests must be 21 or older to consume alcohol. ALL SHALL DRINK RESPONSIBLY.

Doom’s decree follows you home

Unrelenting loyalty continues in the D&B Rewards app with new Rewards Challenges throughout the campaign. Power is good. Exclusive badges and bonus chips are better. Download the app and join loyalty to start earning more. 

Marvel Studios’ Avengers: Doomsday opens in theaters December 18. Doom & Buster’s is available through January 31, 2027. Games, attractions and prizes vary by location. For more on the Doom & Buster’s takeover, including Doomsday Zones, DOOMHOUR and the limited-time menu, visit doomandbusters.com.

About Dave & Buster’s

Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster’s Entertainment, Inc. is the owner and operator of 253 stores in North America that offer premier entertainment and dining experiences to guests through two distinct brands: Dave & Buster’s and Main Event. The Company has 187 Dave & Buster’s branded stores in 43 states, Puerto Rico, and Canada, and offers guests the opportunity to “Eat, Drink, Play, and Watch” all in one location. Each store offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. The Company also operates 66 Main Event branded stores in 24 states across the country, and offers state-of-the-art bowling, laser tag, hundreds of arcade games and virtual reality, making it the perfect place for families to connect and make memories. Internationally, the Company is in early-stage growth as a franchisor of its brands with six Dave & Buster’s franchise stores currently open. For more information about each brand, visit daveandbusters.com and mainevent.com.

About Marvel Studios’ “Avengers: Doomsday”: 

In Marvel Studios’ “Avengers: Doomsday,” beloved heroes from three distinct universes will be set on a deadly collision course and face an existential threat unlike anything they’ve ever encountered. The film is directed by Anthony and Joe Russo; produced by Kevin Feige, Louis D’Esposito and Jonathan Schwartz; and stars Robert Downey Jr., Chris Evans, Chris Hemsworth, Pedro Pascal, Paul Rudd, Anthony Mackie, Florence Pugh, Vanessa Kirby, Ebon Moss-Bachrach, Wyatt Russell, Channing Tatum, Simu Liu, Ian McKellen, Hayley Atwell, Tom Hiddleston, James Marsden, Patrick Stewart, Joseph Quinn, Sebastian Stan, David Harbour, Letitia Wright, Lewis Pullman, Kelsey Grammer, Kathryn Newton, Danny Ramirez, Winston Duke, Alan Cumming, Hannah John-Kamen, Rebecca Romijn, Alex Livinalli, Mabel Cadena, with Tenoch Huerta Mejia. “Avengers: Doomsday” releases in theaters December 18, 2026.

Media Contact: Alison Brod Marketing + Communications dandb@abmc-us.com

DOOMHOUR: Earn double tickets on all green swipe games during designated DOOMHOUR 60 minute promotional windows. Must be a D&B Rewards member to participate. Game selection varies by location. Offer is not valid in Canada locations. A Power Card® linked to a D&B Rewards account is required to participate, and guests must use linked Power Card® to redeem offer. Power Card activation fee may apply. Offer cannot be combined with other promotions. Additional restrictions may apply. Offer is subject to change or cancellation at any time. Void where prohibited. See store for details.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/dave–busters-surrenders-to-doom-introducing-doom–busters-302928815.html

SOURCE Dave & Buster’s

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