1 hr. ago
Tuniu Corporation's (NASDAQ:TOUR) ADSs closed lower after the company reported its second-quarter results. Net revenue increased 3.0% year over year to RMB138.9 million, while packaged-tour revenue rose 6.8% to RMB121.1 million as organized tours continued to grow.
However, cost of revenue increased 27.9% to RMB62.5 million, substantially outpacing the top line. Gross profit declined 11.1% to RMB76.4 million, and gross margin contracted to 55.0% from 63.8%. Tuniu consequently swung to a RMB6.1 million operating loss from RMB7.1 million of operating income a year earlier.
Packaged-tour growth indicates that demand for Tuniu's core travel products remains intact. The company has been expanding small-group, private and customized tour offerings in response to demand for more personalized and flexible travel options.
Tuniu also remained marginally profitable below the operating line. GAAP net income attributable to ordinary shareholders was RMB0.7 million. Company-defined non-GAAP net income attributable to ordinary shareholders was RMB2.2 million after excluding share-based compensation and amortization of acquired intangible **** ets.
Liquidity provides additional room to absorb uneven travel demand. Tuniu ended June with approximately RMB1.0 billion in cash and cash equivalents, restricted cash, short-term investments, and long-term deposits. Management said during the earnings call that Tuniu generated RMB46.9 million of operating cash flow while recording RMB1.4 million of capital expenditures.
#tuniu #company #revenue #demand
However, cost of revenue increased 27.9% to RMB62.5 million, substantially outpacing the top line. Gross profit declined 11.1% to RMB76.4 million, and gross margin contracted to 55.0% from 63.8%. Tuniu consequently swung to a RMB6.1 million operating loss from RMB7.1 million of operating income a year earlier.
Packaged-tour growth indicates that demand for Tuniu's core travel products remains intact. The company has been expanding small-group, private and customized tour offerings in response to demand for more personalized and flexible travel options.
Tuniu also remained marginally profitable below the operating line. GAAP net income attributable to ordinary shareholders was RMB0.7 million. Company-defined non-GAAP net income attributable to ordinary shareholders was RMB2.2 million after excluding share-based compensation and amortization of acquired intangible **** ets.
Liquidity provides additional room to absorb uneven travel demand. Tuniu ended June with approximately RMB1.0 billion in cash and cash equivalents, restricted cash, short-term investments, and long-term deposits. Management said during the earnings call that Tuniu generated RMB46.9 million of operating cash flow while recording RMB1.4 million of capital expenditures.
#tuniu #company #revenue #demand
2 days ago
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Revenue increased 3% year over year to RMB 138.9 million, while Tuniu achieved its sixth consecutive quarter of non-GAAP profitability. However, gross profit fell 11% to RMB 76.4 million as expenses rose and demand shifted toward lower-margin self-guided products.
Outbound travel remained a key headwind: transaction volume for Middle East and Africa travel declined more than 20%, reducing outbound tours' share of gross merchandise value to about 30% from over one-third a year earlier. Domestic travel stayed steady, with small-group and private tours showing strong demand.
Tuniu expects third-quarter revenue of RMB 202.1 million to RMB 212.2 million, representing year-over-year growth of 0% to 5%. The company ended June with approximately RMB 1 billion in cash, investments and deposits, while expanding premium, customized and livestream-driven travel offerings.
Tuniu (NASDAQ:TOUR) reported second-quarter 2026 revenue growth and its sixth consecutive quarter of non-GAAP profitability, while management said uncertainty in some outbound travel destinations and a shift toward lower-margin self-guided products affected profitability.
#tuniu #revenue
Revenue increased 3% year over year to RMB 138.9 million, while Tuniu achieved its sixth consecutive quarter of non-GAAP profitability. However, gross profit fell 11% to RMB 76.4 million as expenses rose and demand shifted toward lower-margin self-guided products.
Outbound travel remained a key headwind: transaction volume for Middle East and Africa travel declined more than 20%, reducing outbound tours' share of gross merchandise value to about 30% from over one-third a year earlier. Domestic travel stayed steady, with small-group and private tours showing strong demand.
Tuniu expects third-quarter revenue of RMB 202.1 million to RMB 212.2 million, representing year-over-year growth of 0% to 5%. The company ended June with approximately RMB 1 billion in cash, investments and deposits, while expanding premium, customized and livestream-driven travel offerings.
Tuniu (NASDAQ:TOUR) reported second-quarter 2026 revenue growth and its sixth consecutive quarter of non-GAAP profitability, while management said uncertainty in some outbound travel destinations and a shift toward lower-margin self-guided products affected profitability.
#tuniu #revenue
