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NANJING, China -On Friday, Tuniu Corporation (NASDAQ:TOUR) reported fourth quarter 2024 financial results that beat revenue expectations.
Tuniu shares were up 5.50% in premarket trading following the earnings release.
The Chinese online leisure travel company posted revenue of RMB102.7 million ($14.1 million) for the quarter, representing a 2.8% increase YoY. This surpassed the RMB0 reported in the same quarter last year.
However, Tuniu reported a net loss of RMB25.1 million ($3.4 million) for Q4, or RMB0.21 per share. This compares to a net loss of RMB132.9 million in Q4 2023.
"2024 was a year of significant achievements for Tuniu," said Donald Dunde Yu, Tuniu’s founder, Chairman and CEO. "We achieved our first full-year GAAP profit since our listing on Nasdaq, while non-GAAP net income reached a record high."
For the full year 2024, Tuniu reported net income of RMB83.7 million ($11.5 million), compared to a net loss of RMB101.1 million in 2023. Revenue increased 16.4% to RMB513.6 million ($70.4 million).
Looking ahead, Tuniu expects Q1 2025 revenue between RMB116.6 million and RMB122.0 million, representing 8% to 13% YoY growth.
The company’s board also declared a cash dividend of $0.036 per ADS, payable on or around April 24, 2025 to shareholders of record as of March 27, 2025.
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