- Tuniu Corporation (TOUR, Financial) reported an 8.9% YoY increase in Q1 2025 net revenues to RMB117.5M (US$16.2M).
- The company faced a net loss of RMB5.4M compared to a RMB21.9M net income in Q1 2024.
- Q2 2025 revenue guidance indicates a 12-17% YoY growth, with Tuniu repurchasing 9.5M ADSs for US$9.0M.
Tuniu Corporation (TOUR) released its unaudited financial results for the first quarter of 2025, showing a mixed performance. Net revenues stood at RMB117.5 million (US$16.2 million), marking an 8.9% year-over-year increase primarily driven by strong growth in packaged tours revenue, which rose by 19.3% to RMB99.0 million.
Despite the revenue growth, Tuniu reported a RMB5.4 million net loss for the quarter, a reversal from the RMB21.9 million net income recorded in the same period last year. The significant increase in the cost of revenues, which surged by 85.9% YoY, was a key factor affecting profitability. This escalation in costs resulted in a 15.5% decline in gross profit to RMB69.3 million.
Additionally, operating expenses saw a 14.9% increase, with expenditures on research and product development, sales and marketing, and general administration all contributing to the rise.
For the second quarter of 2025, Tuniu forecasts net revenues between RMB131.0 million and RMB136.8 million, representing a 12-17% increase over the previous year. The company has been proactive with its share repurchase program, buying back approximately 9.5 million ADSs for US$9.0 million out of a US$10 million authorization.
Despite the challenging quarter, Tuniu maintains a robust cash position with RMB1.2 billion (US$167.2 million) in cash and equivalents, indicating strong liquidity to support future growth initiatives and operational needs.
