Tuniu Announces Unaudited Second Quarter 2026 Financial Results

Rhea-AI Summary

Tuniu (NASDAQ: TOUR) reported unaudited second quarter 2026 net revenues of RMB138.9 million, up 3.0% year-over-year, driven by packaged tour revenues of RMB121.1 million, up 6.8%, while other revenues fell 16.9% to RMB17.8 million.

Cost of revenues rose 27.9%, lifting the cost ratio to 45.0% and reducing gross profit by 11.1% to RMB76.4 million. Operating expenses increased 4.6% to RMB82.5 million, resulting in a loss from operations of RMB6.1 million versus prior-year operating income of RMB7.1 million.

Net income was RMB0.3 million, down from RMB14.1 million a year earlier; non-GAAP net income was RMB1.9 million. Cash, cash equivalents, restricted cash, short-term investments and long-term deposits totaled about RMB1.0 billion at June 30, 2026.

Tuniu guided third quarter 2026 net revenues to RMB202.1–212.2 million (0–5% YoY growth) and reported repurchasing approximately 0.7 million ADSs for about US$5.2 million under its US$10 million buyback.

Positive

• Net revenues up 3.0% year-over-year to RMB138.9 million in Q2 2026
• Packaged tour revenues up 6.8% year-over-year to RMB121.1 million
• Non-GAAP net income of RMB1.9 million in Q2 2026
• Liquidity of around RMB1.0 billion in cash, equivalents, restricted cash, short-term investments and long-term deposits
• Q3 2026 revenue guidance of RMB202.1–212.2 million, implying 0–5% year-over-year growth
• Share repurchases of about 0.7 million ADSs for approximately US$5.2 million under a US$10 million program

Negative

• Cost of revenues up 27.9% year-over-year; cost ratio rose to 45.0% from 36.2%
• Gross profit down 11.1% year-over-year to RMB76.4 million in Q2 2026
• Operating result swung to a loss of RMB6.1 million from income of RMB7.1 million a year earlier
• Net income declined to RMB0.3 million from RMB14.1 million in Q2 2025
• Other revenues down 16.9% year-over-year to RMB17.8 million due to lower advertising service fees
• Q1 2026 correction required for omitted recognition of RMB88.9 million dividend liability, adjusting accrued expenses and additional paid-in capital

News Explained

The Q1 correction changes dividend liability and equity presentation, not reported income or aggregate assets and liabilities.

Tuniu's unaudited second-quarter release also corrects its first-quarter presentation: the March 31, 2026 dividend is now recorded as a liability, increasing accrued liabilities and reducing additional paid-in capital by RMB88.9 million.

Because the dividend obligation is recorded as a reduction of shareholders' equity rather than an expense, the correction does not change total assets, total liabilities and shareholders' equity in aggregate, or first-quarter income and per-share results.

The current ADS ratio is one ADS for 30 Class A ordinary shares, effective April 22, 2026, replacing one ADS for three shares; the reported approximately 0.7 million repurchased ADSs are measured on the post-ratio basis.

Market Context

The earnings-tag history averaged -1.2%, providing a platform benchmark for this quarterly report. H...

Analysis

The earnings-tag history averaged -1.2%, providing a platform benchmark for this quarterly report. Historical variability and the reported cost pressures remained the main risks to monitor as investors assessed the results.

Key Figures

Net revenues: RMB138.9 million (US$20.5 million) Packaged tour revenue: RMB121.1 million (US$17.8 million) Other revenues: RMB17.8 million (US$2.6 million) +5 more

8 metrics

Net revenues RMB138.9 million (US$20.5 million) Q2 2026; up 3.0% year-over-year

Packaged tour revenue RMB121.1 million (US$17.8 million) Q2 2026; up 6.8% year-over-year

Other revenues RMB17.8 million (US$2.6 million) Q2 2026; down 16.9% year-over-year

Gross profit RMB76.4 million (US$11.3 million) Q2 2026; down 11.1% year-over-year

Cost of revenues 45.0% of net revenues Q2 2026, compared with 36.2% in Q2 2025

Loss from operations RMB6.1 million (US$0.9 million) Q2 2026, versus RMB7.1 million operating income in Q2 2025

Cash and investments RMB1.0 billion (US$151.5 million) As of June 30, 2026

Q3 revenue outlook RMB202.1 million to RMB212.2 million Q3 2026; forecast growth of 0% to 5% year-over-year

Previous Earnings Reports

5 past events · Latest: Jun 05 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 05	Q1 earnings results	Positive	-5.5%	Revenue growth and narrowed operating loss were followed by a 5.53% decline.
Mar 05	Q4 and FY earnings	Positive	+8.9%	Quarterly revenue growth and improved profitability were followed by an 8.88% gain.
Dec 05	Q3 earnings results	Negative	-3.2%	Higher costs and lower gross profit were followed by a 3.21% decline.
Aug 15	Q2 earnings results	Positive	-1.2%	Revenue growth and profitability were followed by a 1.23% decline.
Jun 12	Q1 earnings results	Negative	-4.9%	The company reported a net loss and sharply higher costs, followed by a 4.92% decline.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings announcements produced mixed outcomes, with positive or mixed results followed by both gains and declines; the tag-specific average move was -1.2%.

Key Terms

non-gaap, share-based compensation expenses, amortization of acquired intangible assets, american depositary shares

4 terms

non-gaap financial

"Non-GAAP loss from operations, which excluded share-based compensation expenses"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

share-based compensation expenses financial

"which excluded share-based compensation expenses and amortization"

Share-based compensation expenses are the accounting costs a company records when it pays employees, directors or contractors with company stock, stock options, or other equity instruments instead of cash. Investors care because these expenses reduce reported profits and can increase the number of outstanding shares, diluting ownership — like a business paying wages with gift cards that count as payroll cost and also add more gift cards in circulation.

amortization of acquired intangible assets financial

"amortization of acquired intangible assets, was RMB4.6 million"

Amortization of acquired intangible assets is the gradual allocation of the purchase cost of non-physical items a company bought—like patents, brands, customer lists or software—spread over their expected useful life. It matters to investors because this accounting charge reduces reported profits even though it does not use cash at the time, so understanding it helps separate bookkeeping effects from underlying cash performance and valuation.

american depositary shares financial

"ordinary shares or American depositary shares ("ADSs")"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NANJING, China, Aug. 25, 2026 /PRNewswire/ -- Tuniu Corporation (NASDAQ: TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced its unaudited financial results for the second quarter ended June 30, 2026.

"In the second quarter, we continued to advance our diversified product and sales channel strategy," said Mr. Donald Dunde Yu, Tuniu's founder, Chairman and Chief Executive Officer. "We further expanded our product offerings and strengthened our channel presence to better meet customers' diverse and evolving needs and support the continued healthy growth of our business. At the same time, we adopted more targeted marketing initiatives to increase product conversion and redemption rates. We also continued to improve operational efficiency through the use of AI tools and achieved non-GAAP profitability for the sixth consecutive quarter. Going forward, we will remain focused on creating greater value for our customers and shareholders."

Second Quarter 2026 Results

Net revenues were RMB138.9 million (US$20.5 million^[1]) in the second quarter of 2026, representing a year-over-year increase of 3.0% from the corresponding period in 2025.

• Revenues from packaged tours were RMB121.1 million (US$17.8 million) in the second quarter of 2026, representing a year-over-year increase of 6.8% from the corresponding period in 2025. The increase was primarily due to the growth of organized tours.
• Other revenues were RMB17.8 million (US$2.6 million) in the second quarter of 2026, representing a year-over-year decrease of 16.9% from the corresponding period in 2025. The decrease was primarily due to the decrease in the fees for advertising services provided to tourism boards and bureaus.

Cost of revenues was RMB62.5 million (US$9.2 million) in the second quarter of 2026, representing a year-over-year increase of 27.9% from the corresponding period in 2025. As a percentage of net revenues, cost of revenues was 45.0% in the second quarter of 2026, compared to 36.2% in the corresponding period in 2025.

Gross profit was RMB76.4 million (US$11.3 million) in the second quarter of 2026, representing a year-over-year decrease of 11.1% from the corresponding period in 2025.

Operating expenses were RMB82.5 million (US$12.2 million) in the second quarter of 2026, representing a year-over-year increase of 4.6% from the corresponding period in 2025.

• Research and product development expenses were RMB13.8 million (US$2.0 million) in the second quarter of 2026, representing a year-over-year decrease of 15.8%. The decrease was primarily due to the decrease in research and product development personnel related expenses. Research and product development expenses as a percentage of net revenues were 9.9% in the second quarter of 2026.
• Sales and marketing expenses were RMB54.7 million (US$8.1 million) in the second quarter of 2026, representing a year-over-year increase of 21.5%. The increase was primarily due to the increase in promotion expenses. Sales and marketing expenses as a percentage of net revenues were 39.4% in the second quarter of 2026.
• General and administrative expenses were RMB14.1 million (US$2.1 million) in the second quarter of 2026, representing a year-over-year decrease of 20.3%. The decrease was primarily due to the decrease in general and administrative personnel related expenses. General and administrative expenses as a percentage of net revenues were 10.2% in the second quarter of 2026.

Loss from operations was RMB6.1 million (US$0.9 million) in the second quarter of 2026, compared to an income from operations of RMB7.1 million in the second quarter of 2025. Non-GAAP^[2] loss from operations, which excluded share-based compensation expenses and amortization of acquired intangible assets, was RMB4.6 million (US$0.7 million) in the second quarter of 2026.

Net income was RMB0.3 million (US$50.8 thousand) in the second quarter of 2026, compared to a net income of RMB14.1 million in the second quarter of 2025. Non-GAAP net income, which excluded share-based compensation expenses and amortization of acquired intangible assets, was RMB1.9 million (US$0.3 million) in the second quarter of 2026.

Net income attributable to ordinary shareholders of Tuniu Corporation was RMB0.7 million (US$0.1 million) in the second quarter of 2026, compared to a net income attributable to ordinary shareholders of Tuniu Corporation of RMB14.5 million in the second quarter of 2025. Non-GAAP net income attributable to ordinary shareholders of Tuniu Corporation, which excluded share-based compensation expenses and amortization of acquired intangible assets, was RMB2.2 million (US$0.3 million) in the second quarter of 2026.

As of June 30, 2026, the Company had cash and cash equivalents, restricted cash, short-term investments and long-term deposits of RMB1.0 billion (US$151.5 million).

[1] The conversion of Renminbi ("RMB") into United States dollars ("US$") is based on the exchange rate of US$1.00=RMB 6.7851 on June 30, 2026 as set forth in H.10 statistical release of the U.S. Federal Reserve Board and available at https://www.federalreserve.gov/releases/h10/default.htm. [2] The section below entitled "About Non-GAAP Financial Measures" provides information about the use of Non-GAAP financial measures in this press release, and the table captioned "Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this press release reconciles Non-GAAP financial information with the Company's financial results under GAAP.

Business Outlook

For the third quarter of 2026, Tuniu expects to generate RMB202.1 million to RMB212.2 million of net revenues, which represents a 0% to 5% increase year-over-year compared with net revenues in the corresponding period in 2025. This forecast reflects Tuniu's current and preliminary view on the industry and its operations, which is subject to change.

Share Repurchase Update

In August 2025, the Company's Board of Directors authorized a share repurchase program under which the Company may repurchase up to US$10 million worth of its ordinary shares or American depositary shares ("ADSs") representing ordinary shares.

Effective April 22, 2026, the Company changed its ADS ratio from the previous ratio of one (1) ADS representing three (3) Class A ordinary shares to the current ratio of one (1) ADS representing thirty (30) Class A ordinary shares.

As of July 31, 2026, the Company had repurchased an aggregate of approximately 0.7 million ADSs (on a post-ratio change basis) for approximately US$5.2 million from the open market under the share repurchase program.

Conference Call Information

Tuniu's management will hold an earnings conference call at 8:00 am U.S. Eastern Time, on August 25, 2026, (8:00 pm, Beijing/Hong Kong Time, on August 25, 2026) to discuss the second quarter 2026 financial results.

To participate in the conference call, please dial the following numbers:

United States	1-888-346-8982
Hong Kong	800-905945
Chinese mainland	4001-201203
International	1-412-902-4272

Conference ID: Tuniu 2Q 2026 Earnings Conference Call

A telephone replay will be available one hour after the end of the conference call through September 1, 2026. The dial-in details are as follows:

United States	1-855-669-9658
International	1-412-317-0088

Replay Access Code: 3938540

Additionally, a live and archived webcast of the conference call will also be available on the Company's investor relations website at http://ir.tuniu.com.

About Tuniu

Tuniu (NASDAQ: TOUR) is a leading online leisure travel company in China that offers integrated travel service with a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Tuniu may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Tuniu's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but are not limited to the following: Tuniu's goals and strategies; the growth of the online leisure travel market in China; the demand for Tuniu's products and services; its relationships with customers and travel suppliers; Tuniu's ability to offer competitive travel products and services; Tuniu's future business development, results of operations and financial condition; competition in the online travel industry in China; government policies and regulations relating to Tuniu's structure, business and industry; the impact of health epidemics on Tuniu's business operations, the travel industry and the economy of China and elsewhere generally; and the general economic and business condition in China and elsewhere. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tuniu does not undertake any obligation to update such information, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement the Company's unaudited consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), the Company has provided non-GAAP information related to income/(loss) from operations, net income/(loss), net income/(loss) attributable to ordinary shareholders of Tuniu Corporation, which excludes share-based compensation expenses and amortization of acquired intangible assets. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We believe that the non-GAAP financial measures used in this press release are useful for understanding and assessing underlying business performance and operating trends, and management and investors benefit from referring to these non-GAAP financial measures in assessing our financial performance and when planning and forecasting future periods.

These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore its comparability may be limited. The Company compensates for these limitations by reconciling these non-GAAP financial measures to the nearest U.S. GAAP performance measures, all of which should be considered when evaluating performance. Tuniu encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this press release.

(Financial Tables Follow)

 

 

Tuniu Corporation
Unaudited Condensed Consolidated Balance Sheets
(All amounts in thousands, except per share information)
	December 31, 2025		Jun 30, 2026		Jun 30, 2026
	RMB		RMB		US$
ASSETS
Current assets
Cash and cash equivalents	207,228		261,462		38,535
Restricted cash	10,222		5,302		781
Short-term investments	853,704		716,027		105,529
Accounts receivable, net	66,834		67,131		9,894
Amounts due from related parties	1,293		143		21
Prepayments and other current assets	157,558		137,902		20,324
Total current assets	1,296,839		1,187,967		175,084
Non-current assets
Long-term investments	227,012		206,340		30,411
Property and equipment, net	18,860		18,001		2,653
Intangible assets, net	19,645		18,192		2,681
Operating lease right-of-use assets, net	6,873		6,150		906
Other non-current assets	30,754		32,113		4,733
Total non-current assets	303,144		280,796		41,384
Total assets	1,599,983		1,468,763		216,468
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings	35		-		-
Accounts and notes payable	219,440		278,251		41,009
Amounts due to related parties	980		7,875		1,161
Salary and welfare payable	19,594		19,231		2,834
Taxes payable	4,077		1,245		183
Advances from customers	184,461		134,587		19,836
Operating lease liabilities, current	3,340		3,710		547
Accrued expenses and other current liabilities	204,388		167,296		24,656
Total current liabilities	636,315		612,195		90,226
Non-current liabilities
Operating lease liabilities, non-current	1,023		910		134
Deferred tax liabilities	4,534		4,247		626
Total non-current liabilities	5,557		5,157		760
Total liabilities	641,872		617,352		90,986
Equity
Ordinary shares	219		216		32
Less: Treasury stock	(82,474)		(77,370)		(11,403)
Additional paid-in capital	9,122,119		9,035,430		1,331,658
Accumulated other comprehensive income	307,446		298,572		44,004
Accumulated deficit	(8,317,009)		(8,332,443)		(1,228,051)
Total Tuniu Corporation shareholders' equity	1,030,301		924,405		136,240
Noncontrolling interests	(72,190)		(72,994)		(10,758)
Total equity	958,111		851,411		125,482
Total liabilities and equity	1,599,983		1,468,763		216,468
The Company announced on June 5, 2026 its unaudited financial results for the first quarter of 2026 (the "Q1 2026 Earning Release"). The Company has since identified an omission during the period end financial closing process for the first quarter of 2026 to account for the cash dividend declared by its board of directors in March 2026 (the "Dividend"). Accordingly, the  Company is correcting its Q1 2026 Earning Release to reflect the Dividend as a liability as of March 31, 2026, which increases accrued expenses and other current liabilities by RMB88.9 million and decreases additional paid-in capital by RMB88.9 million, as of March 31, 2026. The correction does not affect the Company's total assets or its total liabilities and shareholders' equity in the aggregate as of March 31, 2026. Because the correction relates to the recognition of a dividend obligation, which is recorded as a reduction of shareholders' equity rather than as an expense, it does not affect the Company's unaudited consolidated statements of comprehensive (loss)/income for the period, including net (loss)/income per ordinary share - basic and diluted or net (loss)/income per ADS - basic and diluted.

 

 

Tuniu Corporation
Unaudited Condensed Consolidated Statements of Comprehensive (Loss)/Income
(All amounts in thousands, except per share information)
	Quarter Ended		Quarter Ended		Quarter Ended		Quarter Ended
	Jun 30, 2025		Mar 31, 2026		Jun 30, 2026		Jun 30, 2026
	RMB		RMB		RMB		US$
Revenues
Packaged tours	113,404		109,675		121,099		17,848
Others	21,450		22,914		17,821		2,626
Net revenues	134,854		132,589		138,920		20,474
Cost of revenues	(48,865)		(59,033)		(62,479)		(9,208)
Gross profit	85,989		73,556		76,441		11,266
Operating expenses
Research and product development	(16,403)		(13,556)		(13,817)		(2,036)
Sales and marketing	(45,019)		(50,488)		(54,702)		(8,062)
General and administrative	(17,760)		(13,483)		(14,148)		(2,085)
Other operating income	312		223		142		21
Total operating expenses	(78,870)		(77,304)		(82,525)		(12,162)
Income/(loss) from operations	7,119		(3,748)		(6,084)		(896)
Other (expenses)/income
Interest and investment income, net	7,279		5,692		4,654		686
Interest expense	(583)		(211)		(33)		(5)
Foreign exchange (losses)/ income, net	(804)		328		2,177		321
Other loss, net	(55)		(2,847)		(662)		(98)
Income/(loss) before income tax expense	12,956		(786)		52		8
Income tax expense	(274)		(100)		(250)		(37)
Equity in income of affiliates	1,423		1,112		543		80
Net income	14,105		226		345		51
Net loss attributable to noncontrolling interests	(421)		(440)		(364)		(54)
Net income attributable to ordinary shareholders of Tuniu Corporation	14,526		666		709		105
Net income	14,105		226		345		51
Other comprehensive loss:
Foreign currency translation adjustment, net of nil tax	(1,625)		(4,064)		(4,810)		(709)
Comprehensive income/(loss)	12,480		(3,838)		(4,465)		(658)
Net income per ordinary share attributable to ordinary shareholders - basic and diluted	0.04		0.00		0.00		0.00
Net income per ADS - basic*	1.27		0.00		0.07		0.01
Net income per ADS - diluted*	1.26		0.00		0.07		0.01
Weighted average number of ordinary shares used in computing basic income per share	343,694,559		326,212,384		322,258,097		322,258,097
Weighted average number of ordinary shares used in computing diluted income per share	345,928,965		328,033,049		323,974,327		323,974,327
Weighted average number of ADSs used in computing basic income per share	11,456,485		10,873,746		10,741,937		10,741,937
Weighted average number of ADSs used in computing diluted income per share	11,530,966		10,934,435		10,799,144		10,799,144
Share-based compensation expenses included are as follows：
Cost of revenues	65		63		62		9
Research and product development	65		63		62		9
Sales and marketing	32		30		30		4
General and administrative	1,244		1,191		772		114
Total	1,406		1,347		926		136
*The Company changed the ratio of its ADSs to its Class A ordinary shares from the previous ratio of one (1) ADS representing three (3) Class A ordinary shares to current ratio of one (1) ADS representing thirty (30) Class A ordinary shares, effective April 22, 2026. Net (loss)/income per ADS - basic and diluted has been retroactively adjusted for all periods presented to reflect the current ADS ratio.

 

 

Reconciliations  of GAAP and Non-GAAP Results
(All amounts in thousands, except per share information)
	Quarter Ended Jun 30, 2026
	GAAP Result		Share-based		Amortization of acquired		Non-GAAP
			Compensation		intangible assets		Result
Loss from operations	(6,084)		926		591		(4,567)
Net income	345		926		591		1,862
Net income attributable to ordinary shareholders	709		926		591		2,226
	Quarter Ended Mar 31, 2026
	GAAP Result		Share-based		Amortization of acquired		Non-GAAP
			Compensation		intangible assets		Result
Loss from operations	(3,748)		1,347		591		(1,810)
Net income	226		1,347		591		2,164
Net income attributable to ordinary shareholders	666		1,347		591		2,604
	Quarter Ended Jun 30, 2025
	GAAP Result		Share-based		Amortization of acquired		Non-GAAP
			Compensation		intangible assets		Result
Income from operations	7,119		1,406		591		9,116
Net income	14,105		1,406		591		16,102
Net income attributable to ordinary shareholders	14,526		1,406		591		16,523

 

 

 

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SOURCE Tuniu Corporation

FAQ

How did Tuniu (NASDAQ: TOUR) perform financially in Q2 2026?

Tuniu reported Q2 2026 net revenues of RMB138.9 million and net income of RMB0.3 million. According to Tuniu, revenues grew 3.0% year-over-year while higher costs pushed operating results to a RMB6.1 million loss from operations.

What drove Tuniu’s revenue mix in the second quarter of 2026 (TOUR)?

Packaged tours generated RMB121.1 million in Q2 2026, up 6.8% year-over-year, while other revenues fell 16.9% to RMB17.8 million. According to Tuniu, organized tours supported growth, but advertising service fees to tourism boards declined.

Was Tuniu profitable on a non-GAAP basis in Q2 2026?

Tuniu reported non-GAAP net income of RMB1.9 million in Q2 2026. According to Tuniu, this metric excludes share-based compensation and amortization of acquired intangible assets, and compares with GAAP net income of RMB0.3 million for the quarter.

What is Tuniu’s revenue outlook for Q3 2026 and what growth does it imply?

For Q3 2026, Tuniu expects net revenues of RMB202.1–212.2 million, implying 0–5% year-over-year growth. According to Tuniu, this guidance reflects its current preliminary view of the travel industry and its operations, and may change.

How much cash and investment liquidity did Tuniu hold as of June 30, 2026?

As of June 30, 2026, Tuniu held about RMB1.0 billion in cash and cash equivalents, restricted cash, short-term investments and long-term deposits. According to Tuniu, this liquidity supports its operations and provides financial flexibility for the business.

What progress has Tuniu made on its share repurchase program as of July 31, 2026?

By July 31, 2026, Tuniu had repurchased approximately 0.7 million ADSs for about US$5.2 million. According to Tuniu, these purchases were made under a previously authorized US$10 million buyback program for ordinary shares and ADSs.

What accounting correction did Tuniu make related to its Q1 2026 dividend?

Tuniu corrected its Q1 2026 figures to recognize an RMB88.9 million cash dividend as a liability. According to Tuniu, this increased accrued expenses and reduced additional paid-in capital, without changing total assets, aggregate equity, or Q1 profit and loss.