Tuniu shares surge over 5% as revenue beats expectations

Published 14/03/2025, 11:14
Tuniu shares surge over 5% as revenue beats expectations

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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