Tuniu second quarter revenue rallies 3% as costs pressure profit

• Tuniu (NASDAQ:TOUR) reported Q2 2026 revenue of RMB138.9 million, up 3.0% year over year.
• Net income declined to RMB0.3 million as higher costs reduced gross profit and operating results.
• The company expects Q3 2026 revenue of RMB202.1 million to RMB212.2 million and continued its share buyback program.

Tuniu (NASDAQ:TOUR) today revealed second-quarter 2026 net revenues of RMB138.9 million, up 3% year over year, driven by higher packaged tour revenue, while increased costs reduced profitability.

Packaged tour revenue increased 6.8% to RMB121.1 million, while other revenue declined 16.9% to RMB17.8 million compared with the same period last year.

Tuniu reported cost of revenues increased 27.9%, raising the cost ratio to 45%, while gross profit declined 11.1% to RMB76.4 million and operating expenses increased 4.6% to RMB82.5 million.

The company recorded a loss from operations of RMB6.1 million compared with operating income of RMB7.1 million a year earlier, while net income declined to RMB0.3 million from RMB14.1 million and non-GAAP net income was RMB1.9 million.

Tuniu reported approximately RMB1 billion in cash, cash equivalents, restricted cash, short-term investments, and long-term deposits as of June 30, 2026, while repurchasing approximately 0.7 million ADSs for about US$5.2 million under its US$10 million buyback program.

The company expects third-quarter 2026 net revenues between RMB202.1 million and RMB212.2 million, representing 0% to 5% year-over-year growth, as it continues operating its online travel platform.