Tuniu Corporation announced its unaudited financial results for the first quarter ended March 31, 2025, reporting net revenues of RMB117.5 million (US$16.2 million), an 8.9% increase year-over-year. Revenues from the core packaged tour products business specifically increased by 19.3% year-over-year.
Despite revenue growth, the company reported a net loss of RMB5.4 million (US$0.7 million) for the quarter, a shift from a net income of RMB21.9 million in the first quarter of 2024. Gross profit decreased by 15.5% year-over-year to RMB69.3 million (US$9.6 million). Non-GAAP net income was RMB0.1 million (US$16.4 thousand).
As of March 31, 2025, Tuniu maintained a liquidity position with cash and cash equivalents, restricted cash, short-term investments, and long-term deposits totaling RMB1.2 billion (US$167.2 million). For the second quarter of 2025, Tuniu expects net revenues to range from RMB131.0 million to RMB136.8 million, representing a 12% to 17% increase year-over-year.
The company also provided an update on its share repurchase program, having repurchased approximately 9.5 million ADSs for about US$9.0 million as of May 31, 2025, under the US$10 million program authorized in March 2024. This indicates continued efforts to return value to shareholders.
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