Corrected: China's Tuniu Q1 revenue rises on packaged tour growth
CORRECTED-China's Tuniu Q1 revenue rises on packaged tour growth Corrects to remove minus sign from operating expenses figure in Key Details table
Overview
China online leisure travel firm's Q1 revenue rose 12.8% yr/yr
Company achieved non-GAAP profitability for fifth consecutive qtr, with net income turning positive
Company repurchased 0.6 mln ADSs for $4.9 mln under share buyback program
Outlook
Tuniu expects Q2 2026 net revenues of RMB134.9 mln to RMB141.6 mln
Company forecasts Q2 2026 revenue growth of 0% to 5% year-over-year
Tuniu says favorable policies are boosting China's tourism market
Result Drivers
PACKAGED TOUR GROWTH - Co said revenue from packaged tours rose due to growth in organized and self-guided tours
ADVERTISING FEES - Co said other revenue increased mainly due to higher fees for advertising services to tourism boards and bureaus
PROMOTION SPENDING - Co said sales and marketing expenses increased due to higher promotion expenses
Company press release: ID:nPn9GQ6Bna
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue |
| RMB 132.59 mln |
|
Q1 EPS |
| RMB 0 |
|
Q1 Net Income |
| RMB 226,000 |
|
Q1 Gross Profit |
| RMB 73.56 mln |
|
Q1 Income from Operations |
| -RMB 3.75 mln |
|
Q1 Operating Expenses |
| RMB 77.30 mln |
|
Q1 Pretax Profit |
| -RMB 786,000 |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the leisure & recreation peer group is "buy"
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 21 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)