Tuniu Earnings Call Transcripts
Fiscal Year 2025
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Net revenues rose 20% year-over-year in Q4 2025, with package tours up 35% and profitability achieved for both the quarter and year. A $50 million shareholder return plan was announced, and Q1 2026 revenue is forecast to grow 7–12% year-over-year.
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Q3 2025 saw 9% revenue growth and continued profitability, led by strong demand in both domestic and outbound travel. Packaged tours and self-drive products posted robust gains, and Q4 guidance anticipates 8–13% revenue growth with a focus on break-even profitability.
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Net revenues grew 15% year-over-year, led by a 26% rise in package tours and strong holiday demand. Profitability was maintained, with live streaming and offline channels driving growth. Q3 revenues are forecast to increase 7%–12% year-over-year.
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Packaged tour revenues rose 19% year-over-year in Q1 2025, with strong growth in both domestic and outbound travel. Net revenues increased 9%, but gross profit declined due to competitive pricing. Q2 revenues are forecast to grow 12–17% year-over-year, with a focus on cost control and profitability.
Fiscal Year 2024
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Achieved first full-year GAAP profit since listing, with net income up over 70% year-over-year. Returned $10 million to shareholders, expanded live streaming and offline channels, and expects 8–13% revenue growth in Q1 2025 while aiming for continued profitability despite competitive pressures.
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Q3 2024 saw record net income and continued profitability, driven by strong outbound travel demand and product innovation. Revenue grew 4% year-over-year, with high customer satisfaction and robust cash reserves. Q4 is expected to be seasonally weaker, but long-term growth remains positive.
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Q2 2024 saw 17% revenue growth and record net income, driven by strong package tour and outbound travel demand. Live streaming and offline channels surged, while Q3 revenue growth is expected to moderate due to a high base and gradual demand normalization.
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Net revenues grew 71% year-over-year in Q1 2024, with package tours up 107% and gross profit up 111%. Outbound travel rebounded strongly, and the company achieved its first Q1 GAAP profitability since listing. Q2 revenues are expected to rise 15–20% year-over-year.