Tuniu Announces Unaudited Second Quarter 2025 Financial Results
Financial Performance: Tuniu Corporation reported a 15.3% year-over-year increase in net revenues for Q2 2025, reaching RMB134.9 million (US$18.8 million), with packaged tour revenues rising by 26.3%. The company returned to profitability, although net income decreased to RMB14.1 million (US$2.0 million) compared to RMB43.0 million in the same quarter of 2024.
Business Outlook and Share Repurchase: For Q3 2025, Tuniu expects net revenues between RMB199.0 million and RMB208.3 million, reflecting a 7% to 12% increase year-over-year. Additionally, the Board authorized a new share repurchase program of up to US$10 million, following the completion of a previous program where approximately US$9.9 million worth of shares were repurchased.
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Trip.com Under Anti-Monopoly Investigation, Controls Over 60% of China's Online Travel Market
- Investigation Launched: China's State Administration for Market Regulation has initiated an anti-monopoly investigation into Trip.com, focusing on its hotel booking operations, which accounted for 44% of its revenue in Q3, potentially forcing the company to end exclusivity agreements and divest rival investments.
- Market Share Concentration: Trip.com controls over 60% of China's online travel market through a series of acquisitions and investments, maintaining a strong market position despite challenges from Meituan and Alibaba.
- Stock Price Plunge: Following the announcement of the investigation, Trip.com's stock fell 22% over four trading days, wiping out approximately $9 billion in market value, although its share price remains up 54 times since its IPO, indicating investor anxiety about the future.
- Uncertain Future Outlook: The market regulator is expected to impose fines exceeding $1 billion on Trip.com, but the greater concern lies in potential divestitures of key investments, particularly in Tongcheng and Qunar, which could significantly impact its market dominance.
Tuniu Reports 12.4% YoY Revenue Growth in Q3 2025
- Revenue Growth: Tuniu's net revenues reached RMB 202.1 million (approximately $28.4 million) in Q3 2025, reflecting an 8.6% year-over-year increase, indicating steady growth momentum in the travel market.
- Packaged Tour Performance: Revenues from packaged tours amounted to RMB 179.0 million (approximately $25.1 million), up 12.4% year-over-year, primarily driven by increased demand for organized and self-guided tours, further solidifying market position.
- Rising Costs Impact Profitability: The cost of revenues was RMB 92.5 million (approximately $13.0 million), a 44.0% year-over-year increase, leading to a 10.0% decline in gross profit to RMB 109.6 million (approximately $15.4 million), which negatively affected overall profitability.
- Future Outlook: The company expects Q4 2025 net revenues to range from RMB 111.0 million to RMB 116.1 million, representing an 8% to 13% year-over-year increase, reflecting an optimistic outlook on industry trends.
Tuniu to Move ADS Listing to Nasdaq Capital Market
Transfer Approval: Tuniu has received approval to transfer its American Depositary Shares from the Nasdaq Global Market to the Nasdaq Capital Market, effective November 24, 2025.
Compliance Extension: Nasdaq has granted Tuniu an additional 180 days, until May 18, 2026, to regain compliance with the minimum bid price requirement for continued listing.
Non-Compliance Notification: On May 19, 2025, Tuniu was notified by Nasdaq that it was not in compliance with Listing Rule 5450(a)(1) due to its ADS closing bid price being below $1.00 for 30 consecutive business days.
Financial Overview: Tuniu operates at breakeven, but its stock price reflects most negative factors, as indicated by Seeking Alpha’s Quant Rating and historical earnings data.
Tuniu Receives Approval to Transfer to Nasdaq Capital Market and Extension of Minimum Bid Price Compliance Period
Transfer of Listing: Tuniu Corporation's American Depositary Shares (ADSs) will be transferred from the Nasdaq Global Market to the Nasdaq Capital Market, effective November 24, 2025, without impacting trading under the symbol "TOUR".
Compliance Period Extension: Following a non-compliance notice regarding the minimum bid price, Nasdaq has granted Tuniu an additional 180 days, until May 18, 2026, to meet the requirement of a closing bid price of at least $1.00 per ADS.
Monitoring Bid Price: Tuniu plans to actively monitor its ADS bid price and explore options, including a potential reverse stock split, to regain compliance with Nasdaq's listing requirements.
Company Overview: Tuniu is a leading online leisure travel company in China, offering a variety of travel services and solutions through its website and mobile platform, supported by a network of customer service representatives and offline retail stores.
Tuniu to Report Third Quarter 2025 Financial Results on December 5, 2025
Earnings Release Announcement: Tuniu Corporation plans to release its unaudited financial results for Q3 2025 on December 5, 2025, before market opening.
Earnings Conference Call: An earnings conference call will be held on December 5, 2025, at 8:00 am U.S. Eastern Time, with dial-in options provided for various regions.
Replay Availability: A telephone replay of the conference call will be accessible one hour after the call ends, available until December 12, 2025.
Company Overview: Tuniu is a leading online leisure travel company in China, offering a range of travel services and solutions through its website and mobile platform.
Tuniu (TOUR) Q2 2025 Earnings Call Transcript
- Author's Perspective: The opinions shared in the article are solely those of the author and do not represent Nasdaq, Inc.
- Data Limitations: The information is based on data available up to October 2023.
Trip.com Under Anti-Monopoly Investigation, Controls Over 60% of China's Online Travel Market
- Investigation Launched: China's State Administration for Market Regulation has initiated an anti-monopoly investigation into Trip.com, focusing on its hotel booking operations, which accounted for 44% of its revenue in Q3, potentially forcing the company to end exclusivity agreements and divest rival investments.
- Market Share Concentration: Trip.com controls over 60% of China's online travel market through a series of acquisitions and investments, maintaining a strong market position despite challenges from Meituan and Alibaba.
- Stock Price Plunge: Following the announcement of the investigation, Trip.com's stock fell 22% over four trading days, wiping out approximately $9 billion in market value, although its share price remains up 54 times since its IPO, indicating investor anxiety about the future.
- Uncertain Future Outlook: The market regulator is expected to impose fines exceeding $1 billion on Trip.com, but the greater concern lies in potential divestitures of key investments, particularly in Tongcheng and Qunar, which could significantly impact its market dominance.
Tuniu Reports 12.4% YoY Revenue Growth in Q3 2025
- Revenue Growth: Tuniu's net revenues reached RMB 202.1 million (approximately $28.4 million) in Q3 2025, reflecting an 8.6% year-over-year increase, indicating steady growth momentum in the travel market.
- Packaged Tour Performance: Revenues from packaged tours amounted to RMB 179.0 million (approximately $25.1 million), up 12.4% year-over-year, primarily driven by increased demand for organized and self-guided tours, further solidifying market position.
- Rising Costs Impact Profitability: The cost of revenues was RMB 92.5 million (approximately $13.0 million), a 44.0% year-over-year increase, leading to a 10.0% decline in gross profit to RMB 109.6 million (approximately $15.4 million), which negatively affected overall profitability.
- Future Outlook: The company expects Q4 2025 net revenues to range from RMB 111.0 million to RMB 116.1 million, representing an 8% to 13% year-over-year increase, reflecting an optimistic outlook on industry trends.
Tuniu to Move ADS Listing to Nasdaq Capital Market
Transfer Approval: Tuniu has received approval to transfer its American Depositary Shares from the Nasdaq Global Market to the Nasdaq Capital Market, effective November 24, 2025.
Compliance Extension: Nasdaq has granted Tuniu an additional 180 days, until May 18, 2026, to regain compliance with the minimum bid price requirement for continued listing.
Non-Compliance Notification: On May 19, 2025, Tuniu was notified by Nasdaq that it was not in compliance with Listing Rule 5450(a)(1) due to its ADS closing bid price being below $1.00 for 30 consecutive business days.
Financial Overview: Tuniu operates at breakeven, but its stock price reflects most negative factors, as indicated by Seeking Alpha’s Quant Rating and historical earnings data.
Tuniu Receives Approval to Transfer to Nasdaq Capital Market and Extension of Minimum Bid Price Compliance Period
Transfer of Listing: Tuniu Corporation's American Depositary Shares (ADSs) will be transferred from the Nasdaq Global Market to the Nasdaq Capital Market, effective November 24, 2025, without impacting trading under the symbol "TOUR".
Compliance Period Extension: Following a non-compliance notice regarding the minimum bid price, Nasdaq has granted Tuniu an additional 180 days, until May 18, 2026, to meet the requirement of a closing bid price of at least $1.00 per ADS.
Monitoring Bid Price: Tuniu plans to actively monitor its ADS bid price and explore options, including a potential reverse stock split, to regain compliance with Nasdaq's listing requirements.
Company Overview: Tuniu is a leading online leisure travel company in China, offering a variety of travel services and solutions through its website and mobile platform, supported by a network of customer service representatives and offline retail stores.
Tuniu to Report Third Quarter 2025 Financial Results on December 5, 2025
Earnings Release Announcement: Tuniu Corporation plans to release its unaudited financial results for Q3 2025 on December 5, 2025, before market opening.
Earnings Conference Call: An earnings conference call will be held on December 5, 2025, at 8:00 am U.S. Eastern Time, with dial-in options provided for various regions.
Replay Availability: A telephone replay of the conference call will be accessible one hour after the call ends, available until December 12, 2025.
Company Overview: Tuniu is a leading online leisure travel company in China, offering a range of travel services and solutions through its website and mobile platform.
Tuniu (TOUR) Q2 2025 Earnings Call Transcript
- Author's Perspective: The opinions shared in the article are solely those of the author and do not represent Nasdaq, Inc.
- Data Limitations: The information is based on data available up to October 2023.
