TOUR

Image source: The Motley Fool. Tuesday, Aug. 25, 2026 at 8:00 a.m. ET Founder, Chairman and Chief Executive Officer - Donald Yu Financial Controller - Anqiang Chen Director of Investor Relations - Mary Chen Operator: Hello, and thank you for standing by for Tuniu's 2026 Second Quarter Earnings Conference Call. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time. I would now like to turn the meeting over to your host for today's conference call, Director of Investor Relations, Mary. Mary Chen: Thank you, and welcome to our 2026 quarter earnings conference call. Joining me on the call today are Donald Yu Tuniu's Founder, Chairman and Chief Executive Officer; and Anqiang Chen, Tuniu's Financial Controller. For today's agenda, management will discuss business updates, operational highlights and financial performance for the second quarter of 2026. Before we continue, I refer you to our safe harbor statement in the earnings press release, which applies to this call as we will make forward-looking statements. Also, this call includes discussions of certain non-GAAP financial measures. Please refer to our earnings release, which contains a reconciliation of non-GAAP measures to the most directly comparable GAAP measures. Finally, please note that unless otherwise stated, all figures mentioned during this conference call are in RMB. I would now like to turn the call over to our Founder, Chairman and Chief Executive Officer, Donald Yu. Dunde Yu: Thank you, Mary. Good day, everyone. Welcome to our second quarter 2026 earnings conference call. Supported by favorable policies such as the introduction of spring breaks, the domestic travel market maintained steady growth in the second quarter. Meanwhile, the overall travel market faced some uncertainties with certain outbound destinations experiencing headwinds. Despite these challenges, we maintained revenue growth in the second quarter and achieved non-GAAP profitability for the sixth consecutive quarter. During the quarter, we continued to execute our diversified product and sales channel strategy. Guided by customer needs, we further enriched our product offerings across categories, destinations and price tiers. For our sales channels, we continued to work with a broad range of partners to better reach different customer segments. Let me walk you through some of our key initiatives in more detail. On the product side, as customers increasingly seek more personalized [ travel ] and flexible travel options, we have continued to expand and refine our product portfolio. First, we further expanded our product offerings to include more small group tours, private tours, customized tours, self-driving tours and other travel-related products. For growth tours have been well received by younger travelers for their flexibility and strong value proposition, while private tours have gained popularity among family travelers for their more personalized and private travel experience. Better serve the needs of self-guided travelers, we also expanded our hotel-centric self-guided tour products and broadened our portfolio of other travel-related products, including hotels, car rentals and the destination experiences. Second, in addition to enhancing our Niu tour products for the mass market and our value-oriented Niu Select series, we introduced a number of premium private tour products during the quarter to meet demand from customers seeking higher quality travel experiences. These products feature premium accommodations, dedicated car services and other upgraded travel experiences. For example, our premium private tour package to Singapore for the summer season launched in late June has been well received by family travelers with sales volume exceeded RMB 10 million to date. We also continue to expand our product offerings for different customer segments. For family-oriented customers, we launched a range of travel products during the spring break season centered on East China. For senior travelers, we introduced a longer duration organized tours of more than 15 days as well as off-peak travel products scheduled outside major holiday period. By better aligning our products with the preferences of different customer segments. This offerings have delivered higher conversion and redemption rates. On the sales side, we adopted more targeted marketing initiatives. We launched a series of online seminars, inviting customers interested in specific products or destinations to learn more through detailed presentations and interactive activities, helping deepen customer engagement and interest. Also introduced dedicated live streaming shows focused on specific products and destinations, providing viewers with more in-depth and specialized content. These targeted live streaming shows have generally delivered higher redemption rates. In addition to more targeted product offerings and marketing initiatives, we continued to expand our partnerships across sales channels. In live streaming, we further extended our presence to multiple major platforms while also deepening cooperation with MCN agencies. Leveraging our comprehensive portfolio of high-quality leisure travel products and well-established fulfillment capabilities, together with the extensive viewer reach of our MCN partners, we are able to increase sales scale and expand our customer base. In the second quarter, both payment and verification volume generated through our live streaming channels continued to record double-digit year-over-year growth. In the second quarter, transaction volume from our off-line stores have also continued to record double-digit year-over-year growth. As of today, we operate approximately 500 offline stores. Our offline store network has contributed to sales growth and expanded the reach of our service network. While we continue to provide stores with tailored products that help them better serve and attract local customers. During the second quarter, demand for customized travel solutions from corporate clients increased. Leveraging our industry experience and high-quality products and services, we worked with a number of well-known enterprise to plan and deliver corporate travel tours, including team building activities and incentive travel. From a technology perspective, we have integrated AI into a broader range of workflows such as building knowledge bases, creating promotional materials and assisting with order processing. AI tools have become valuable assistants to many employees, helping them work more efficiently while reducing operating costs. On the customer side, we upgraded our travel AI agent, AI assistant Xiao Niu with integrated booking and order processing capabilities. Customers can now complete the entire booking process for stand-alone travel products, including flights, hotels and [ attraction ] tickets through AI from initial inquiry to final booking. In addition, Xiao Niu can search, plan and compare itineraries based on different travel scenarios such as business trips or vacations as well as customers' individual preferences. Delivering a more personalized travel planning experience. As we enter the summer travel season, we are well positioned to support the increased demand during the peak travel period. While there may still be some uncertainties in the second half of the year, we are confident in the growth of travel demand and the resiliency of both the travel industry and our business. We remain committed to providing customers with high-quality products and services. I'll now turn the call over to Anqiang, our Financial Controller, for the financial highlights. Anqiang Chen: Thank you, Donald. Hello, everyone. Now I will walk you through our second quarter of 2026 financial results in greater detail. Please note that all monetary amounts are in RMB, unless otherwise stated. You can find the U.S. dollar equivalent of the numbers in our earnings release. For the second quarter of 2026, net revenues were CNY 138.9 million, representing a year-over-year increase of 3% from the corresponding period in 2025. Revenues from packaged tours were up 7% year-over-year to CNY 121.1 million and accounted for 87% of our total net revenues for the quarter. The increase was primarily due to the growth of organized tours. Other revenues were down 17% year-over-year to CNY 17.8 million and accounted for 13% of our total net revenues. The decrease was primarily due to the decrease in the fees for advertising services provided to tourism boards and bureaus. Gross profit for the second quarter of 2026 were CNY 76.4 million, down 11% year-over-year. Operating expenses for the second quarter of 2026 were CNY 82.5 million, up 5% year-over-year. Research and product development expenses for the second quarter of 2026 were CNY 13.8 million, down 16% year-over-year. The decrease was primarily due to the decrease in research and product development personnel-related expenses. Sales and marketing expenses for the second quarter of 2026 were CNY 54.7 million, up 22% year-over-year. The increase was primarily due to the increase in promotion expenses. General and administrative expenses for the second quarter of 2026 were CNY 14.1 million, down 20% year-over-year. The decrease was primarily due to the decrease in general and administrative personnel-related expenses. Net income attributable to ordinary shareholders of Tuniu Corporation was CNY 0.7 million in the second quarter of 2026. Non-GAAP net income attributable to ordinary shareholders of Tuniu Corporation, which excluded share-based compensation expenses and amortization of acquired intangible assets was CNY 2.2 million in the second quarter of 2026. As of June 30, 2026, the company had cash and cash equivalents, restricted cash, short-term investments and long-term deposits of CNY 1 billion. Cash flow generated from operations for the second quarter of 2026 was CNY 46.9 million. Capital expenditures for the second quarter of 2026 were CNY 1.4 million. For the third quarter of 2026, the company expects to generate CNY 202.1 million to CNY 212.2 million of net revenues, which represents a 0% to 5% increase year-over-year. Please note that this forecast reflects Tuniu's current and preliminary view on the industry and its operations, which is subject to change. Thank you for listening. We are now ready for your questions. Operator? Operator: [Operator Instructions] Our first question comes from [ Sarah Zhao ] a Private Investor. Unknown Analyst: Two questions here. First, could you please share the reasons for the decrease in net profit in the second quarter? Second, could you provide more details about travel bookings in the summer and also the outlook for the profitability of the quarter? Dunde Yu: Thank you for the questions. In the second quarter, the domestic travel market continued to grow steadily, whereas the outbound travel market met some headwinds at certain destinations. The headwinds directly impacted leisure travel to certain destinations. For example, the Middle East and Africa recorded over 20% year-over-year decrease of transaction volume during the quarter. As a result, outbound tours accounted for about 30% of our total GMV for the second quarter compared to over 1/3 in the same period last year. Moreover, the promotional activities from certain destinations were suspended. In the second quarter, our other revenues decreased about 70% year-over-year, mainly due to reduction in fees for advertising services we provided. In the domestic market, we see more rapid growth in self-guided tour products, such as our Hotel + X products. These products are usually less profitable than organized tours. For the summer vacation, domestic travel market maintained steady growth momentum, high-quality organized tour products such as small group tours and private tours are welcomed by customers. Some of our [ MCN ] partners select only small group tour products to recommend to their viewers. Outbound market continues to face some uncertainties, which dragged down the growth of outbound travel. Destinations such as Middle East still recorded negative growth in July, but other destinations such as Singapore, Malaysia and the Americas grew healthily during the summer. As many people took off-peak travels this year with more holidays introduced, we are seeing transaction volume become more evenly spread across the months. For example, -- since the coming Mid-Autumn Festival and the National Day holiday are very close to each other. Many people plan to take a longer vacation connecting [ two ] holidays. Therefore, we are seeing bookings in the last week of September surging. Notably, as of today, travels to long-haul outbound destinations such as Americas and Oceania during the week, we have already surpassed the same period last year. Lastly, although we don't give specific profit outlook, we will try to achieve the profitability for another quarter. Thank you. Operator: Thank you did that answer your questions, [ Sarah ]? Unknown Analyst: Yes. Operator: [Operator Instructions] We are now approaching the end of the conference call. I will now turn the call over to Tuniu's Director of Investor Relations, Mary, for closing remarks. Mary Chen: Once again, thank you for joining us today. Please don't hesitate to contact us if you have any further questions. Thank you for your continued support, and we look forward to speaking with you in the coming months. Operator: Thank you for your participation in today's conference. This concludes the presentation. You may now disconnect. Good day. 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Tuniu Corporation (NASDAQ:TOUR) reported higher second-quarter revenue on Tuesday and extended its run of adjusted profitability, although a cautious third-quarter outlook weighed on investor sentiment. Shares slipped 1.01% following the results. Revenue for the quarter reached RMB138.9 million ($20.5 million), representing an increase of 3.0% from RMB134.9 million in the same period last year. Adjusted earnings per ADS came in at RMB0.07 ($0.01). For the third quarter, Tuniu expects revenue of between RMB202.1 million and RMB212.2 million, representing year-on-year growth of between 0% and 5%. The midpoint of the guidance range, at approximately RMB207.2 million, would nevertheless represent a notable sequential improvement from the second quarter. “In the second quarter, we continued to advance our diversified product and sales channel strategy,” said Donald Dunde Yu, Tuniu’s founder, Chairman and Chief Executive Officer. “We further expanded our product offerings and strengthened our channel presence to better meet customers’ diverse and evolving needs and support the continued healthy growth of our business.” Packaged tour revenue increased 6.8% year-on-year to RMB121.1 million ($17.8 million), supported by stronger organised tour activity. Other revenue moved in the opposite direction, falling 16.9% to RMB17.8 million ($2.6 million). Tuniu attributed the decline mainly to lower advertising service fees received from tourism boards. Despite the overall increase in revenue, gross profit declined 11.1% from the previous year to RMB76.4 million ($11.3 million). Cost of revenue climbed 27.9% to RMB62.5 million ($9.2 million), putting pressure on margins. Operating expenses increased 4.6% year-on-year to RMB82.5 million ($12.2 million), contributing to an operating loss of RMB6.1 million ($0.9 million). That compared with operating income of RMB7.1 million in the second quarter of the previous year. On an adjusted basis, however, Tuniu remained profitable. Adjusted net income reached RMB1.9 million ($0.3 million), marking the company’s sixth consecutive quarter of adjusted profitability. Tuniu ended the quarter with substantial liquidity. As of June 30, 2026, the company held RMB1.0 billion ($151.5 million) across cash, cash equivalents, restricted cash, short-term investments and long-term deposits. The results showed continued growth in Tuniu’s core packaged tour business and another quarter of adjusted profitability, although rising costs, weaker gross profit and relatively subdued third-quarter growth guidance tempered the overall picture. Tuniu Corporation stock price

This article first appeared on GuruFocus. Net Revenues: CNY138.9 million, a 3% year-over-year increase. Packaged Tours Revenue: CNY121.1 million, up 7% year-over-year, accounting for 87% of total net revenues. Other Revenues: CNY17.8 million, down 17% year-over-year, accounting for 13% of total net revenues. Gross Profit: CNY76.4 million, down 11% year-over-year. Operating Expenses: CNY82.5 million, up 5% year-over-year. Research and Product Development Expenses: CNY13.8 million, down 16% year-over-year. Sales and Marketing Expenses: CNY54.7 million, up 22% year-over-year. General and Administrative Expenses: CNY14.1 million, down 20% year-over-year. Net Income Attributable to Tuniu Corporation: CNY0.7 million in the second quarter of 2026. Non-GAAP Net Income Attributable to Tuniu Corporation: CNY2.2 million in the second quarter of 2026. Cash and Cash Equivalents, Restricted Cash, Certain Investments and Long-term Deposits: CNY1 billion as of June 30, 2026. Cash Flow Generated from Operations: CNY46.9 million for the second quarter of 2026. Capital Expenditures: CNY1.4 million for the second quarter of 2026. Third Quarter 2026 Net Revenue Guidance: Expected to be CNY202.1 million to CNY212.2 million, representing a 0% to 5% year-over-year increase. Warning! GuruFocus has detected 2 Warning Sign with TOUR. Is TOUR fairly valued? Test your thesis with our free DCF calculator. Release Date: August 25, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Tuniu Corp (NASDAQ:TOUR) achieved non-GAAP profitability for the sixth consecutive quarter, with net revenues growing 3% year-over-year to CNY138.9 million. Packaged tour revenues increased 7% year-over-year, driven by growth in online tours, which accounted for 87% of total net revenues. The company expanded its product portfolio with small group tours, private tours, and premium packages, such as the Singapore private tour that exceeded RMB10 million in sales. Live streaming channels and offline stores both recorded double-digit year-over-year growth in transaction volume, enhancing sales reach. AI integration improved operational efficiency and customer experience, with the AI assistant 'Shane' now enabling full booking processes for standalone travel products. Gross profit decreased 11% year-over-year to CNY76.4 million, reflecting margin pressure from product mix shifts. Other revenues fell 17% year-over-year due to reduced advertising fees from tourism bureaus, impacting overall revenue diversification. Outbound travel faced headwinds, with destinations like the Middle East and Africa seeing over 20% year-over-year declines in transaction volume, reducing outbound tours to 30% of total GMV. Sales and marketing expenses increased 22% year-over-year, driven by higher promotion costs, which could pressure future profitability. The company's third-quarter revenue guidance of CNY202.1-212.2 million implies only 0-5% year-over-year growth, reflecting ongoing market uncertainties. Q: Could you please share the reasons for the decrease in net profit in the second quarter, and provide more details about travel bookings in the summer and the outlook for profitability?A: Donald Yu (Founder, Chairman and CEO) explained that the decrease in net profit was due to headwinds in certain outbound destinations, such as the Middle East and Africa, which saw over 20% year-over-year decreases in transaction volume. This caused outbound tours to account for about 30% of total GMV, down from over one-third last year. Additionally, promotional activities from certain destinations were suspended, reducing other revenues by 7% year-over-year. The domestic market saw faster growth in less profitable self-guided tour products like Hotel+X. For the summer, domestic travel maintained steady growth, with high-quality organized tours like small group and private tours being well-received. While some outbound destinations like the Middle East still saw negative growth in July, others like Singapore and the Americas grew healthily. Bookings for long-haul outbound destinations during the National Day holiday week have already surpassed last year's levels. The company will try to achieve profitability for another quarter. Q: What were the key drivers of revenue growth in the second quarter of 2026?A: Anqiang Chen (Financial Controller) reported that net revenues increased 3% year-over-year to CNY138.9 million. Revenues from packaged tours grew 7% year-over-year to CNY121.1 million, accounting for 87% of total net revenues, primarily driven by the growth of online tours. Other revenues decreased 17% year-over-year to CNY17.8 million due to a decrease in fees for advertising services provided to tourism bureaus. Q: How is Tuniu's product strategy evolving to meet changing customer demands?A: Donald Yu highlighted that the company is expanding its product portfolio to include more small group tours, private customized tours, self-driving tours, and other travel-related products. Small group tours are popular among younger travelers for their flexibility and value, while private tours appeal to family travelers seeking personalized experiences. The company also introduced premium private tours with upgraded accommodations and car services, such as a premium package to Singapore that exceeded RMB10 million in sales. Additionally, they launched products for specific segments like family-oriented travelers during spring break and longer-duration tours for senior travelers. Q: What initiatives are being taken on the sales and marketing front?A: Donald Yu mentioned that Tuniu adopted more targeted marketing initiatives, including online seminars and dedicated live streaming shows focused on specific products and destinations. These targeted live streams have delivered higher conversion rates. The company expanded its presence across multiple live streaming platforms and deepened cooperation with MCN agencies, leveraging its portfolio of high-quality travel products. In the second quarter, both payments and verification volume through live streaming channels recorded double-digit year-over-year growth. Transaction volume from offline stores also continued to record double-digit year-over-year growth, with approximately 500 offline stores currently in operation. Q: How is Tuniu integrating AI into its operations and customer experience?A: Donald Yu stated that AI has been integrated into broader workflows, such as building knowledge bases, creating promotional materials, and assisting with order processing, helping employees work more efficiently and reduce operating costs. On the customer side, the company upgraded its Travel AI agent, "Shane," with itinerary bookings and other processing capabilities. Customers can now complete the entire booking process for standalone travel products, including flights, hotels, and attraction tickets, through AI from initial inquiry to final booking. Shane can also search, plan, and compare itineraries based on different travel scenarios and individual preferences. Q: What were the key expense trends in the second quarter?A: Anqiang Chen reported that operating expenses increased 5% year-over-year to CNY82.5 million. Research and product development expenses decreased 16% to CNY13.8 million due to lower research-related expenses. Sales and marketing expenses increased 22% to CNY54.7 million, primarily due to higher promotion expenses. General and administrative expenses decreased 20% to CNY14.1 million due to lower personnel-related expenses. Q: What is the company's financial position and cash flow situation?A: Anqiang Chen noted that as of June 30, 2026, the company had cash and cash equivalents, restricted cash, certain investments, and long-term deposits of CNY1 billion. Cash flow generated from operations for the second quarter was CNY46.9 million, and capital expenditures were CNY1.4 million. Q: What is the revenue guidance for the third quarter of 2026?A: Anqiang Chen provided guidance for the third quarter, expecting net revenues of CNY202.1 million to CNY212.2 million, representing a 0% to 5% increase year-over-year. He noted that this forecast reflects the company's current and preliminary view on the industry and its operations, which is subject to change. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

NANJING, China, Aug. 25, 2026 /PRNewswire/ -- Tuniu Corporation (NASDAQ: TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced its unaudited financial results for the second quarter ended June 30, 2026. "In the second quarter, we continued to advance our diversified product and sales channel strategy," said Mr. Donald Dunde Yu, Tuniu's founder, Chairman and Chief Executive Officer. "We further expanded our product offerings and strengthened our channel presence to better meet customers' diverse and evolving needs and support the continued healthy growth of our business. At the same time, we adopted more targeted marketing initiatives to increase product conversion and redemption rates. We also continued to improve operational efficiency through the use of AI tools and achieved non-GAAP profitability for the sixth consecutive quarter. Going forward, we will remain focused on creating greater value for our customers and shareholders." Second Quarter 2026 Results Net revenues were RMB138.9 million (US$20.5 million[1]) in the second quarter of 2026, representing a year-over-year increase of 3.0% from the corresponding period in 2025. Revenues from packaged tours were RMB121.1 million (US$17.8 million) in the second quarter of 2026, representing a year-over-year increase of 6.8% from the corresponding period in 2025. The increase was primarily due to the growth of organized tours. Other revenues were RMB17.8 million (US$2.6 million) in the second quarter of 2026, representing a year-over-year decrease of 16.9% from the corresponding period in 2025. The decrease was primarily due to the decrease in the fees for advertising services provided to tourism boards and bureaus. Cost of revenues was RMB62.5 million (US$9.2 million) in the second quarter of 2026, representing a year-over-year increase of 27.9% from the corresponding period in 2025. As a percentage of net revenues, cost of revenues was 45.0% in the second quarter of 2026, compared to 36.2% in the corresponding period in 2025. Gross profit was RMB76.4 million (US$11.3 million) in the second quarter of 2026, representing a year-over-year decrease of 11.1% from the corresponding period in 2025. Operating expenses were RMB82.5 million (US$12.2 million) in the second quarter of 2026, representing a year-over-year increase of 4.6% from the corresponding period in 2025. Research and product development expenses were RMB13.8 million (US$2.0 million) in the second quarter of 2026, representing a year-over-year decrease of 15.8%. The decrease was primarily due to the decrease in research and product development personnel related expenses. Research and product development expenses as a percentage of net revenues were 9.9% in the second quarter of 2026. Sales and marketing expenses were RMB54.7 million (US$8.1 million) in the second quarter of 2026, representing a year-over-year increase of 21.5%. The increase was primarily due to the increase in promotion expenses. Sales and marketing expenses as a percentage of net revenues were 39.4% in the second quarter of 2026. General and administrative expenses were RMB14.1 million (US$2.1 million) in the second quarter of 2026, representing a year-over-year decrease of 20.3%. The decrease was primarily due to the decrease in general and administrative personnel related expenses. General and administrative expenses as a percentage of net revenues were 10.2% in the second quarter of 2026. Loss from operations was RMB6.1 million (US$0.9 million) in the second quarter of 2026, compared to an income from operations of RMB7.1 million in the second quarter of 2025. Non-GAAP[2] loss from operations, which excluded share-based compensation expenses and amortization of acquired intangible assets, was RMB4.6 million (US$0.7 million) in the second quarter of 2026. Net income was RMB0.3 million (US$50.8 thousand) in the second quarter of 2026, compared to a net income of RMB14.1 million in the second quarter of 2025. Non-GAAP net income, which excluded share-based compensation expenses and amortization of acquired intangible assets, was RMB1.9 million (US$0.3 million) in the second quarter of 2026. Net income attributable to ordinary shareholders of Tuniu Corporation was RMB0.7 million (US$0.1 million) in the second quarter of 2026, compared to a net income attributable to ordinary shareholders of Tuniu Corporation of RMB14.5 million in the second quarter of 2025. Non-GAAP net income attributable to ordinary shareholders of Tuniu Corporation, which excluded share-based compensation expenses and amortization of acquired intangible assets, was RMB2.2 million (US$0.3 million) in the second quarter of 2026. As of June 30, 2026, the Company had cash and cash equivalents, restricted cash, short-term investments and long-term deposits of RMB1.0 billion (US$151.5 million). Business Outlook For the third quarter of 2026, Tuniu expects to generate RMB202.1 million to RMB212.2 million of net revenues, which represents a 0% to 5% increase year-over-year compared with net revenues in the corresponding period in 2025. This forecast reflects Tuniu's current and preliminary view on the industry and its operations, which is subject to change. Share Repurchase Update In August 2025, the Company's Board of Directors authorized a share repurchase program under which the Company may repurchase up to US$10 million worth of its ordinary shares or American depositary shares ("ADSs") representing ordinary shares. Effective April 22, 2026, the Company changed its ADS ratio from the previous ratio of one (1) ADS representing three (3) Class A ordinary shares to the current ratio of one (1) ADS representing thirty (30) Class A ordinary shares. As of July 31, 2026, the Company had repurchased an aggregate of approximately 0.7 million ADSs (on a post-ratio change basis) for approximately US$5.2 million from the open market under the share repurchase program. Conference Call Information Tuniu's management will hold an earnings conference call at 8:00 am U.S. Eastern Time, on August 25, 2026, (8:00 pm, Beijing/Hong Kong Time, on August 25, 2026) to discuss the second quarter 2026 financial results. To participate in the conference call, please dial the following numbers: Conference ID: Tuniu 2Q 2026 Earnings Conference Call A telephone replay will be available one hour after the end of the conference call through September 1, 2026. The dial-in details are as follows: Replay Access Code: 3938540 Additionally, a live and archived webcast of the conference call will also be available on the Company's investor relations website at http://ir.tuniu.com. About Tuniu Tuniu (NASDAQ: TOUR) is a leading online leisure travel company in China that offers integrated travel service with a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com. Safe Harbor Statement This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Tuniu may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Tuniu's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but are not limited to the following: Tuniu's goals and strategies; the growth of the online leisure travel market in China; the demand for Tuniu's products and services; its relationships with customers and travel suppliers; Tuniu's ability to offer competitive travel products and services; Tuniu's future business development, results of operations and financial condition; competition in the online travel industry in China; government policies and regulations relating to Tuniu's structure, business and industry; the impact of health epidemics on Tuniu's business operations, the travel industry and the economy of China and elsewhere generally; and the general economic and business condition in China and elsewhere. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tuniu does not undertake any obligation to update such information, except as required under applicable law. About Non-GAAP Financial Measures To supplement the Company's unaudited consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), the Company has provided non-GAAP information related to income/(loss) from operations, net income/(loss), net income/(loss) attributable to ordinary shareholders of Tuniu Corporation, which excludes share-based compensation expenses and amortization of acquired intangible assets. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We believe that the non-GAAP financial measures used in this press release are useful for understanding and assessing underlying business performance and operating trends, and management and investors benefit from referring to these non-GAAP financial measures in assessing our financial performance and when planning and forecasting future periods. These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore its comparability may be limited. The Company compensates for these limitations by reconciling these non-GAAP financial measures to the nearest U.S. GAAP performance measures, all of which should be considered when evaluating performance. Tuniu encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this press release. (Financial Tables Follow) View original content:https://www.prnewswire.com/news-releases/tuniu-announces-unaudited-second-quarter-2026-financial-results-302859214.html

Interested in Tuniu Corporation? Here are five stocks we like better. 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. Net revenue for the quarter rose 3% from a year earlier to RMB 138.9 million. Revenue from packaged tours increased 7% to RMB 121.1 million, accounting for 87% of total revenue, driven primarily by growth in organized tours. Other revenue declined 17% to RMB 17.8 million, which Financial Controller Anqiang Chen said was mainly due to lower advertising-service fees from tourism boards and bureaus. → Rocket Lab's Sell-Off Is Fading—Is It Finally Safe to Buy? Founder, Chairman and Chief Executive Officer Donald Yu said domestic travel maintained steady growth during the quarter, supported by favorable policies including the introduction of spring breaks. However, he said some outbound destinations faced headwinds that weighed on leisure travel demand. Yu said transaction volume for Middle East and Africa travel declined more than 20% year over year during the quarter. As a result, outbound tours represented about 30% of total gross merchandise value in the second quarter, compared with more than one-third a year earlier. → Travel + Leisure Goes Big—Is It Ready to Rally? During the question-and-answer session, Yu also said promotional activities from certain destinations had been suspended. He said other revenue decreased by about 70% year over year, mainly because of reduced advertising-service fees, while the company’s reported financial results showed total other revenue declined 17%. Gross profit declined 11% year over year to RMB 76.4 million. Operating expenses increased 5% to RMB 82.5 million, as a 22% increase in sales and marketing expense to RMB 54.7 million, primarily from higher promotion spending, offset declines in research and product development and general and administrative expenses. → What Rising Delivery Forecasts Say About Rivian's Stock Prospects Net income attributable to ordinary shareholders was RMB 0.7 million, while non-GAAP net income, excluding share-based compensation and amortization of acquired intangible assets, was RMB 2.2 million. Yu said domestic demand has grown more quickly for self-guided offerings, including Hotel Plus X products, which generally carry lower profitability than organized tours. He said the company was seeking to achieve profitability for another quarter but did not provide a specific profit forecast. Tuniu said it continued to broaden its portfolio of small-group, private, customized and self-driving tours, as well as hotel, car-rental and destination-experience offerings. Yu said small-group tours have been popular with younger travelers because of their flexibility and value proposition, while private tours have gained traction among family travelers. The company also introduced premium private-tour packages featuring higher-end accommodations and dedicated car services. Yu said a premium Singapore private-tour package introduced in late June had generated sales exceeding RMB 10 million to date. For family travelers, Tuniu launched Eastern China-focused products for the spring-break period. For senior customers, it introduced organized tours lasting more than 15 days and products designed for off-peak travel periods. Yu said products more closely aligned with customer preferences generated higher conversion and redemption rates. On the sales side, Tuniu expanded targeted online seminars and destination-specific livestreaming programs. Payment and verification volume from livestreaming channels both posted double-digit year-over-year growth in the quarter, according to Yu. Transaction volume from the company’s offline stores also grew by double digits. Tuniu currently operates about 500 offline stores. Yu said domestic travel demand has remained steady during the summer vacation period, with small-group and private organized tours receiving strong customer interest. He said some media-content-network partners have chosen to recommend only small-group products to viewers. Outbound travel continues to face uncertainty, he said, with Middle East destinations still posting negative growth in July. Travel to Singapore, Malaysia and the Americas grew healthily during the summer, according to Yu. He added that travelers are increasingly taking off-peak trips, with booking volume for the final week of September surging as customers plan vacations around the closely timed Mid-Autumn Festival and National Day holidays. For the third quarter, Tuniu expects net revenue of RMB 202.1 million to RMB 212.2 million, representing year-over-year growth of 0% to 5%. As of June 30, the company had RMB 1 billion in cash and cash equivalents, restricted cash, short-term investments and long-term deposits. Operating cash flow was RMB 46.9 million during the second quarter, while capital expenditures totaled RMB 1.4 million. Tuniu International Limited is a China-based online leisure travel company that operates a comprehensive travel services platform under the brand name Tuniu (NASDAQ: TOUR). Headquartered in Nanjing, the company was founded in 2006 and was incorporated in the Cayman Islands in May 2010. Tuniu completed its initial public offering on the Nasdaq Stock Market in December 2014, positioning itself to expand its suite of digital travel offerings and strengthen its strategic partnerships with suppliers and local agencies. The company's flagship platform, tuniu.com, provides a broad array of travel products and services, including packaged group tours, customized private tours, independent travel solutions, corporate travel management, hotel and resort bookings, air ticketing, cruise vacations and car rentals. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Tuniu Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Image source: The Motley Fool. Friday, June 5, 2026 at 8:00 a.m. ET Founder, Chairman, and Chief Executive Officer — Dunde Yu Financial Controller — Anqiang Chen Director of Investor Relations — Mary Chen Need a quote from a Motley Fool analyst? Email [email protected] Operator: Hello, and thank you for standing by for Tuniu's 2026 First Quarter Earnings Conference Call. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time. I would now like to turn the meeting over to your host for today's conference call, Director of Investor Relations, Mary. Mary Chen: Thank you, Drew, and welcome to our 2026 first quarter earnings conference call. Joining me on the call today are Donald Yu, Tuniu's Founder, Chairman and Chief Executive Officer; and Anqiang Chen, Tuniu's Financial Controller. For today's agenda, management will discuss business updates, operation highlights and financial performance for the first quarter of 2026. Before we continue, I refer you to our safe harbor statement in the earnings press release, which applies to this call as we will make forward-looking statements. Also, this call includes discussions of certain non-GAAP financial measures. Please refer to our earnings release, which contains a reconciliation of non-GAAP measures to the most directly comparable GAAP measures. Finally, please note that unless otherwise stated, all figures mentioned during this conference call are in RMB. I would now like to turn the call over to our Founder, Chairman and Chief Executive Officer, Donald Yu. Dunde Yu: Thank you, Mary. Good day, everyone. Welcome to our first quarter 2026 earnings conference call. The travel industry maintained solid growth momentum in the first quarter of 2026, supported in part by the longest Chinese New Year holiday on record with both domestic and outbound travel market seeing stable growth. In the first quarter, our net revenues increased by 13% year-over-year. At the same time, we achieved non-GAAP profitability for the fifth consecutive quarter. This year, we will continue to strengthen both our supply chain capabilities and the sales channel development. Supported by the company's strength in products and industry insights, we aim to further enhance our travel resource base and business partnerships. We will also continue to leverage technology tools to improve operational efficiency and deliver high-quality products and services to a broader customer base. Next, I will go through our core strategic initiatives in more detail. On the supply side, we will continue to expand our supplier network across areas such as car rentals, overseas hotels and the destination experiences with the aim of further broadening our product offering. Also, we will integrate demand for both Tuniu and our partners to further strengthen the advantages of our centralized procurement while maintaining product quality and price competitiveness. Last year, we added connecting flight solutions to our outbound travel products, expanding departure coverage and serving more travelers from lower-tier cities. This year, we are extending our connecting flight solutions to domestic travel products, offering customers more flexible travel arrangements. For certain Niu Tour products, we provide travelers departing from different cities across China with integrated flight solutions. In the event of delays to connecting flights, we will assist customers in completing the remaining segments of their journeys at no additional cost. High-quality products continue to play an important role in attracting our customers and partners. In line with this, Niu Tour has been one of our core high-quality organized tour products, supported by a relatively loyal customer base. To meet evolving customer demand, Niu Tour products have expanded into long-haul and more complex destinations, including Africa and South America. This year, we continued to introduce new premium outbound Niu Tour products for experienced travelers, such as North America multi-destination itinerary covering the U.S., Canada and Mexico as well as South America and Caucasus tours, which have been well received with many repeat customers. In terms of the domestic travel market, we see that customer demand is gradually shifting from traditional sightseeing towards more culture and experience-oriented travel. In response, we have upgraded our organized tour products through introducing more in-depth itineraries, focused on single destinations. These products reduce the number of stops within an itinerary, focus on core destinations and selected sightseeing attractions and provide travelers with more time for exploration and local experiences. To further enhance the travel experience, many of these in-depth products are offered in small group and private group tour format. Certain Niu Tour products also feature experienced senior tour guides to provide in-depth commentary for travelers. We have seen that the number of self-guided travelers has continued to increase. To address the changing needs of this segment, we expanded our Hotel + X offerings with hotels at the core component. To support this, we have strengthened direct sourcing of resort hotels and increased procurement of other travel-related products to broaden our offering. In addition, supported by AI and dynamic packaging technologies, many self-guided travel products are now content-driven for potential bookings. After customers input relevant information, the system can automatically generate destination recommendations and the travel itineraries. Customers can then select their preferred elements to customize their self-guided travel packages, which offers greater flexibility and personalization in the booking process. We have continued to expand our channel presence. Also, together with our partners, we work to better identify customer needs across different channels and have accordingly adopted our products and services to support product sales. In the first quarter, live streaming contribution to our total transaction volume further increased to over 20%. Both payments and the verification volume continued to record double-digit year-over-year growth. As we continue to gain experience in live streaming and better understand the customer preferences, we have introduced more targeted products for different customer segments. For example, for senior travelers, we introduced European tour products with itineraries longer than 15 days. While for family-oriented customers, we promoted customized Singapore tours and the private group products. These targeted initiatives improve customer acquisition efficiency and contribute to higher verification rates. In addition, we continue to expand live streaming to destination-based scenarios. For example, we conducted onboard live stream sessions from cruise ships, providing customers with a more direct understanding of destinations and helping drive both bookings and verifications. In the first quarter, our offline store business continued to grow with transaction volume increasing by nearly 30% year-over-year. Offline stores continued to play an important role in the sales of offline tour products and the promotion of Tuniu brands. We fully opened our systems and the product offerings to offline stores, enabling them to expand our reach into lower-tier markets and provide customers in lower-tier cities with access to a broader range of travel products, particularly outbound travel products. This year, we plan to continue expanding our offline store network. In addition, we are further broadening our channel partnerships, backed by our solid supply chain, quality products and advanced technology tools. Our S2B2C model enables us to efficiently provide business partners with a broad range of products and services to meet the needs of their end customers. This collaborative approach creates value for both sides. Tuniu is able to connect the supply and demand more efficiently, lower customer acquisition costs and expand sales scale, while partners can offer high-quality travel products and services to better sell and retain their customers. Going forward, we will continue to expand our partner network and jointly serve a broader customer base. In terms of technology, we will continue to explore the application of AI technologies across various business scenarios this year, further integrating automation tools into more operational processes. Through ongoing tool upgrades and improvements to our regular operations, AI tools can assist employees in handling more repetitive tasks, allowing them to focus on more contacts and innovative work. On the customer side, technology tools such as itinerary recommendations, stand-alone product booking and dynamic packaging provide customers with more intelligent, convenient and efficient booking experience. In particular, self-guided travelers can leverage AI-assisted tools to customize travel products based on their own preferences and needs. This year, the travel market has seen a growing number of peak travel periods. Following the spring break and the recent holidays in the second quarter, the summer travel season is approaching. This presents both opportunities and challenges. We will continue to strengthen the supply, sales and service capabilities of our seasonal travel products and work closely with sales channel partners to provide more customers with simple, convenient and high-quality travel experiences. I will now turn the call over to Anqiang, our financial controller, for the financial highlights. Anqiang Chen: Thank you, Donald. Hello, everyone. Now I'll walk you through our first quarter of 2026 financial results in greater detail. Please note that all monetary amounts are in RMB unless otherwise stated. You can find the U.S. dollar equivalent of the numbers in our earnings release. For the first quarter of 2026, net revenues were CNY 132.6 million, representing a year-on-year increase of 13% from the corresponding period in 2025. Revenues from packaged tours were 11% up year-over-year to CNY 109.7 million and accounted for 83% of our total net revenues for the quarter. The increase was primarily due to the growth of online tours and self-guided tours. Other revenues were up 24% year-over-year to CNY 22.9 million and accounted for 17% of our total net revenues. The increase was primarily due to the increase in the fees for advertising services provided to tourism boards and bureaus. Gross profit for the first quarter of 2026 was CNY 73.6 million, up 6% year-over-year. Operating expenses for the first quarter of 2026 were CNY 77.3 million, down 4% year-over-year. Research and product development expenses for the first quarter of 2026 were CNY 13.6 million, down 7% year-over-year. The decrease was primarily due to the decrease in research and product development personnel-related expenses. Sales and marketing expenses for the first quarter of 2026 were CNY 50.5 million, up 17% year-over-year. The increase was primarily due to the increase in promotion expenses. General and administrative expenses for the first quarter of 2026 were CNY 13.5 million, down 41% year-over-year. The decrease was primarily due to the impairment of property and equipment, net, recorded in the first quarter of 2025. Net income attributable to ordinary shareholders of Tuniu Corporation was CNY 0.7 million in the first quarter of 2026. Non-GAAP net income attributable to ordinary shareholders of Tuniu Corporation, which excluded share-based compensation expenses and amortization of acquired intangible assets was CNY 2.6 million in the first quarter of 2026. As of March 31, 2026, the company had cash and cash equivalents, restricted cash, short-term investments and long-term deposits of CNY 1 billion. Capital expenditures for the first quarter of 2026 were CNY 0.5 million. For the second quarter of 2026, the company expects to generate CNY 134.9 million to CNY 141.6 million of net revenues, which represents a 0% to 5% increase year-over-year. Please note that this forecast reflects Tuniu's current and preliminary view on the industry and its operations, which is subject to change. Thank you for listening. We are now ready for your questions. Operator? Operator: [Operator Instructions] The first question comes from Kathy Liu, a private investor. Unknown Attendee: 2 questions here. First, we were seeing market conditions for the second quarter look relatively mixed. With the rollout of spring break policy as a positive driver and the surging airfares as a headwind, how will these factors impact our business? And my second one is about the upcoming summer vacation. Could you kindly share some color also on the booking trends? That's all. Dunde Yu: Thank you for the questions. Firstly, we are glad to see a lot of cities implemented spring break this year. Many of them arranged the break before timing of Labor Day holidays, forming a longer vacation. It stimulated the growth of travel, especially leisure travel in the domestic market. For example, we recorded over 50% year-over-year growth in the number of trips from April 1 till 6 this year. Moreover, during April 1 to the 3, the number of trips for family tours tripled compared to the same period last year. Products featuring natural experiences, theme parks and study tours were most favored by families with children. We've launched several spring break-oriented products in East China, which were welcomed by the parents. We plan to expand the destination coverage and autumn break products in the second half of the year. For the increase of airfare prices, the impact is limited on long-haul packaged tours. Such packaged tours often contain many travel resources other than airfare. So the risk can be mitigated by integrating other resources in the package. Through our coordinating with the suppliers, many long-haul outbound tour products maintain the same price despite the higher airfares. For domestic tours, we provide alternative travel solutions such as connecting flights, train tickets and car rental. But considering headwinds at certain outbound destinations as well as airfare price impact on short-haul travels and air ticketing alone, we expect the revenues to increase up to 5% year-over-year in the second quarter. For your second question about the summer vacation, it's still too early to tell. We have limited visibility towards the booking data due to short booking window, especially for domestic tours and the short-haul outbound tours. Based on our insight, destinations with cooler weather, such as [ Guizhou ] and Neimeng will be on the hot list. Also, as we see the shift from traditional sightseeing to culture experience is undergoing, cities such as Beijing and [indiscernible] will be popular. For long-haul outbound tours, the bookings are on track. For example, so far, we see the booking amount for packaged tours to America in July and August has already exceeded the same period last year. Thank you. Operator: [Operator Instructions] We are now approaching the end of the conference call. I will now turn the call over to Tuniu's Director of Investor Relations, Mary, for closing remarks. Mary Chen: Once again, thank you for joining us today. Please do not hesitate to contact us if you have any further questions. Thank you for your continued support, and we look forward to speaking with you in the coming months. Operator: Thank you for your participation in today's conference. This concludes the presentation. You may now disconnect. Good day. Before you buy stock in Tuniu, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Tuniu wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $443,191!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,258,838!* Now, it’s worth noting Stock Advisor’s total average return is 941% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of June 8, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Tuniu (TOUR) Q1 2026 Earnings Transcript was originally published by The Motley Fool

This article first appeared on GuruFocus. Release Date: June 05, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Tuniu Corp (NASDAQ:TOUR) reported a 6% growth in EBITDA for Q1 2026, showcasing strong financial performance despite market pressures. The company expanded its EBITDA margin by 14 basis points, indicating improved operational efficiency. Tuniu Corp (NASDAQ:TOUR) achieved a 15% growth in earnings per share, reflecting strong profitability. The company experienced the strongest independent case growth in the last two years during Q1 2026. Tuniu Corp (NASDAQ:TOUR) has maintained a consistent market share gain for 20 consecutive quarters in the independent restaurant segment. The consumer environment remains pressured due to inflation and rising fuel prices, impacting overall demand. Foot traffic in the restaurant industry has been down between 1% and 3% over the last couple of years. Weather disruptions and elevated fuel costs negatively impacted Q1 2026, with a combined estimated impact of 400 basis points. Fuel costs have escalated, with diesel prices up 60% since the beginning of the year, posing a challenge to cost management. The company faces ongoing pressure from labor, rent, and food cost inflation, particularly affecting independent operators. Warning! GuruFocus has detected 3 Warning Sign with TOUR. Is TOUR fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide your latest views on the state of the consumer environment and any impact from rising gas prices on consumer demand? A: The consumer environment remains pressured but stable. Despite inflationary challenges and rising fuel prices, the US consumer and restaurant industry have shown resilience. In Q1, Tuniu Corp grew EBITDA by over 6%, expanded EBITDA margin by 14 basis points, and achieved 15% earnings per share growth. The company also saw strong independent case growth, the highest in two years, indicating positive momentum into Q2. - Unidentified_2 Q: What are the main drivers behind the accelerating momentum in case growth across key segments? A: The simplicity and long-term focus of Tuniu Corp's strategy are key drivers. The company has built competitive moats in targeted customer types, such as independent restaurants and healthcare, and has consistently gained market share. The focus on net new account generation and improving penetration has fueled growth, with the strongest penetration seen in Q1. - Unidentified_2 Q: How do you view the health of independent restaurants compared to chain restaurants? A: Independent restaurants have shown resilience despite pressures from labor, rent, and food cost inflation. They have been taking market share from chains due to their flexibility and loyal customer base. Tuniu Corp supports independents by helping them reduce costs and improve productivity, which has been beneficial in maintaining their competitive edge. - Unidentified_2 Q: What differentiates Tuniu Corp in the healthcare channel? A: Tuniu Corp has a dedicated sales force with healthcare professionals who understand industry pain points. The company offers a proprietary technology called Vitals, which helps healthcare operators optimize costs and nutritionals. This unique offering provides a significant competitive advantage in the healthcare space. - Unidentified_2 Q: How is Tuniu Corp leveraging AI to enhance business operations? A: Tuniu Corp is applying AI across various aspects of the business, including sales and menu optimization. AI tools help salespeople understand prospects' menus and prepare for meetings more efficiently. The MenuIQ tool assists operators in optimizing menu costs, and AI-driven prospecting tools enhance sales productivity. The company continues to integrate AI into its operations to drive efficiency and improve customer service. - Unidentified_2 and Unidentified_3 For the complete transcript of the earnings call, please refer to the full earnings call transcript.

NANJING, China, June 5, 2026 /PRNewswire/ -- Tuniu Corporation (NASDAQ: TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced its unaudited financial results for the first quarter ended March 31, 2026. "We are pleased to see that the implementation of certain favorable policies this year has boosted the vitality of China's tourism market," said Mr. Donald Dunde Yu, Tuniu's founder, Chairman and Chief Executive Officer. "In the first quarter, our business continued to maintain steady growth, with net revenues increasing by 12.8% year-over-year. At the same time, we achieved non-GAAP profitability for the fifth consecutive quarter. This year, we will continue strengthening both our product supply chain and sales channel capabilities. Leveraging our industry experience and strengths, we will maintain our focus on providing customers with more high-quality products and services. We will continue to uphold an open and collaborative approach by extending our products, services and technological capabilities to our partners across channels, working together to help more travelers enjoy simple and comfortable travel experiences." First Quarter 2026 Results Net revenues were RMB132.6 million (US$19.2 million[1]) in the first quarter of 2026, representing a year-over-year increase of 12.8% from the corresponding period in 2025. Revenues from packaged tours were RMB109.7 million (US$15.9 million) in the first quarter of 2026, representing a year-over-year increase of 10.8% from the corresponding period in 2025. The increase was primarily due to the growth of organized tours and self-guided tours. Other revenues were RMB22.9 million (US$3.3 million) in the first quarter of 2026, representing a year-over-year increase of 23.5% from the corresponding period in 2025. The increase was primarily due to the increase in the fees for advertising services provided to tourism boards and bureaus. Cost of revenues was RMB59.0 million (US$8.6 million) in the first quarter of 2026, representing a year-over-year increase of 22.6% from the corresponding period in 2025. As a percentage of net revenues, cost of revenues was 44.5% in the first quarter of 2026, compared to 41.0% in the corresponding period in 2025. Gross profit was RMB73.6 million (US$10.7 million) in the first quarter of 2026, representing a year-over-year increase of 6.1% from the corresponding period in 2025. Operating expenses were RMB77.3 million (US$11.2 million) in the first quarter of 2026, representing a year-over-year decrease of 3.5% from the corresponding period in 2025. Research and product development expenses were RMB13.6 million (US$2.0 million) in the first quarter of 2026, representing a year-over-year decrease of 6.7%. The decrease was primarily due to the decrease in research and product development personnel related expenses. Research and product development expenses as a percentage of net revenues were 10.2% in the first quarter of 2026. Sales and marketing expenses were RMB50.5 million (US$7.3 million) in the first quarter of 2026, representing a year-over-year increase of 16.9%. The increase was primarily due to the increase in promotion expenses. Sales and marketing expenses as a percentage of net revenues were 38.1% in the first quarter of 2026. General and administrative expenses were RMB13.5 million (US$2.0 million) in the first quarter of 2026, representing a year-over-year decrease of 40.7%. The decrease was primarily due to the impairment of property and equipment, net recorded in the first quarter of 2025. General and administrative expenses as a percentage of net revenues were 10.2% in the first quarter of 2026. Loss from operations was RMB3.7 million (US$0.5 million) in the first quarter of 2026, compared to a loss from operations of RMB10.8 million in the first quarter of 2025. Non-GAAP[2] loss from operations, which excluded share-based compensation expenses and amortization of acquired intangible assets, was RMB1.8 million (US$0.3 million) in the first quarter of 2026. Net income was RMB0.2 million (US$32.8 thousand) in the first quarter of 2026, compared to a net loss of RMB5.4 million in the first quarter of 2025. Non-GAAP net income, which excluded share-based compensation expenses and amortization of acquired intangible assets, was RMB2.2 million (US$0.3 million) in the first quarter of 2026. Net income attributable to ordinary shareholders of Tuniu Corporation was RMB0.7 million (US$0.1 million) in the first quarter of 2026, compared to a net loss attributable to ordinary shareholders of Tuniu Corporation of RMB4.7 million in the first quarter of 2025. Non-GAAP net income attributable to ordinary shareholders of Tuniu Corporation, which excluded share-based compensation expenses and amortization of acquired intangible assets, was RMB2.6 million (US$0.4 million) in the first quarter of 2026. As of March 31, 2026, the Company had cash and cash equivalents, restricted cash, short-term investments and long-term deposits of RMB1.0 billion (US$147.7 million). Business Outlook For the second quarter of 2026, Tuniu expects to generate RMB134.9 million to RMB141.6 million of net revenues, which represents a 0% to 5% increase year-over-year compared with net revenues in the corresponding period in 2025. This forecast reflects Tuniu's current and preliminary view on the industry and its operations, which is subject to change. Share Repurchase Update In August 2025, the Company's Board of Directors authorized a share repurchase program under which the Company may repurchase up to US$10 million worth of its ordinary shares or American depositary shares ("ADSs") representing ordinary shares. Effective April 22, 2026, the Company changed its ADS ratio from the previous ratio of one (1) ADS representing three (3) Class A ordinary shares to the current ratio of one (1) ADS representing thirty (30) Class A ordinary shares. As of May 31, 2026, the Company had repurchased an aggregate of approximately 0.6 million ADSs (on a post-ratio change basis) for approximately US$4.9 million from the open market under the share repurchase program. Conference Call Information Tuniu's management will hold an earnings conference call at 8:00 am U.S. Eastern Time, on June 5, 2026, (8:00 pm, Beijing/Hong Kong Time, on June 5, 2026) to discuss the first quarter 2026 financial results. To participate in the conference call, please dial the following numbers: Conference ID: Tuniu 1Q 2026 Earnings Conference Call A telephone replay will be available one hour after the end of the conference call through June 12, 2026. The dial-in details are as follows: Replay Access Code: 9936168 Additionally, a live and archived webcast of the conference call will also be available on the Company's investor relations website at http://ir.tuniu.com. About Tuniu Tuniu (Nasdaq: TOUR) is a leading online leisure travel company in China that offers integrated travel service with a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com. Safe Harbor Statement This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Tuniu may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Tuniu's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but are not limited to the following: Tuniu's goals and strategies; the growth of the online leisure travel market in China; the demand for Tuniu's products and services; its relationships with customers and travel suppliers; Tuniu's ability to offer competitive travel products and services; Tuniu's future business development, results of operations and financial condition; competition in the online travel industry in China; government policies and regulations relating to Tuniu's structure, business and industry; the impact of health epidemics on Tuniu's business operations, the travel industry and the economy of China and elsewhere generally; and the general economic and business condition in China and elsewhere. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tuniu does not undertake any obligation to update such information, except as required under applicable law. About Non-GAAP Financial Measures To supplement the Company's unaudited consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), the Company has provided non-GAAP information related to income/(loss) from operations, net income/(loss), net income/(loss) attributable to ordinary shareholders of Tuniu Corporation, which excludes share-based compensation expenses, amortization of acquired intangible assets and impairment of property and equipment, net. The presentation of this non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We believe that the non-GAAP financial measures used in this press release are useful for understanding and assessing underlying business performance and operating trends, and management and investors benefit from referring to these non-GAAP financial measures in assessing our financial performance and when planning and forecasting future periods. This non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. Further, this non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore its comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. Tuniu encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of GAAP and non-GAAP Results" set forth at the end of this press release. (Financial Tables Follow) View original content:https://www.prnewswire.com/news-releases/tuniu-announces-unaudited-first-quarter-2026-financial-results-302792235.html