What were Tuniu's (NASDAQ:TOUR) fourth-quarter results for 2025?

Tuniu reported fourth-quarter net revenues of RMB123.5 million ($17.6 million), a 20.3% year-over-year increase. The company achieved a net income of RMB1.5 million, a significant turnaround from a net loss of RMB13.3 million in the same period of 2024. This positive result reflects a recovery in high-margin packaged tours and operational improvements.

What contributed to Tuniu’s (NASDAQ:TOUR) return to profitability in Q4 2025?

Tuniu’s return to profitability in Q4 2025 was driven by a resurgence in high-margin packaged tours, fueled by a recovery in outbound travel and demand for premium domestic circuits. Additionally, the company’s leaner operational structure and cost management improvements helped offset pressures from rising procurement costs for flights and hotel inventory.

How did Tuniu (NASDAQ:TOUR) perform for the full year of 2025?

For the full year of 2025, Tuniu achieved revenues of RMB578 million, marking a 12.5% increase compared to the previous year. The growth was largely driven by the recovery in the company’s core packaged-tour business, which benefited from increased demand in both outbound and domestic travel markets.

How did Tuniu (NASDAQ:TOUR) manage its costs in 2025?

Tuniu saw a "sizeable increase" in the cost of revenues, primarily due to higher procurement costs for flight and hotel inventory. However, the company offset these cost pressures by improving operating efficiencies, which helped maintain profitability despite rising expenses in its core business.

Tourism

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Tuniu swings to profit in Q4 as packaged-tour demand rebounds

Written by Brie CarterPublished Mar 5, 2026, 10:21 AMLast Updated Jul 6, 2026, 10:44 AM

Tuniu (NASDAQ:TOUR) achieved a return to profitability in the final quarter of 2025, driven by a resurgence in high-margin packaged tours and a leaner operational structure.

The results, reported on March 5, 2026, mark a significant milestone for the Nanjing-based travel firm as it transitions from post-pandemic recovery to a phase of capital return.

For the fourth quarter ended Dec. 31, 2025, Tuniu posted net revenues of RMB123.5 million ($17.6 million), a 20.3% increase compared to the same period in 2024.

Most notably, the company reported a net income of RMB1.5 million for the quarter, successfully swinging from a net loss of RMB13.3 million a year earlier.

Full-year 2025 revenues reached RMB578 million, up 12.5% year-over-year.

The growth was largely fueled by the company's core packaged-tour business, which benefited from a recovery in outbound travel and premium domestic circuits.

While the company saw a "sizeable increase" in cost of revenues—attributed to higher procurement costs for flight and hotel inventory—operating efficiencies helped offset these pressures.

In a signal of confidence regarding its cash position, which stood at RMB1.1 billion ($157 million) at year-end, Tuniu’s board authorized a comprehensive three-year shareholder return plan.

The program allows for up to $30 million in cash dividends and $20 million in share repurchases through 2028.