Q4 2024 Tuniu Corp Earnings Call Transcript
Key Points
- Tuniu Corp (TOUR) achieved its first GAAP profit for the full year since its listing, marking a significant financial milestone.
- Net income on a non-GAAP basis grew by over 70% year over year, reaching a record high since the company's IPO.
- The company returned approximately USD10 million to shareholders in 2024 through a special cash dividend and a share repurchase program.
- Tuniu Corp (TOUR) expanded its product offerings, including new select products and in-depth single destination tours, catering to a wider range of customer needs.
- Live-streaming channels performed exceptionally well, with transaction and verification volumes increasing by over 100% year over year.
- Gross profit for the fourth quarter of 2024 decreased by 6% year over year.
- Net loss attributable to ordinary shareholders was RMB24.2 million in the fourth quarter of 2024.
- Sales and marketing expenses increased by 28% year over year in the fourth quarter, impacting overall profitability.
- The company anticipates that competitive pricing strategies may negatively impact gross profits in 2025.
- Quarterly performance may vary due to seasonality, with the third quarter expected to contribute the majority of annual profits.
Hello, and thank you for standing by for Tuniuâs 2024, fourth quarter and full year earnings conference call. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a question and answer session. Today's conference is being recorded.
If you have any objections, you may disconnect at this time. I would now like to turn the meeting over to your host for today's conference call, Director of Investor Relations, Mary.
Thank you, and welcome to our 2024 fourth quarter and the full year earnings conference call.
Joining me on the call today are Dunde Yu, Tuniu 's founder, Chairman and Chief Executive Officer; and Anqiang Chen, Tuniu 's Financial Controller.
For today's agenda, management will discuss business updates, operation highlights, and financial performance for the fourth quarter and the fiscal year 2024. Before we continue, I refer you to our Safe Harbor statement in earnings press release which applies to this call, as we
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