Q2 2025 Tuniu Corp Earnings Call Transcript
Key Points
- Tuniu Corp (TOUR) achieved a 15% year-over-year increase in net revenues for the second quarter of 2025.
- Revenues from packaged tours grew by 26% year over year, indicating strong demand in this segment.
- The company achieved quarterly profitability on both a GAAP and non-GAAP basis.
- Tuniu Corp's diversified sales channels, including live streaming and offline stores, contributed to a broader customer base and increased transaction volume.
- The company successfully expanded its product offerings, including new destinations like the Caucasus region, which saw a 150% year-over-year growth in transaction volume.
- Operating expenses increased by 58% year over year, which could impact future profitability if not managed carefully.
- Other revenues decreased by 21% year over year, primarily due to a decline in fees for advertising services.
- Southeast Asia destinations experienced a decline of approximately 30% in demand during the quarter.
- Research and product development expenses rose by 29% year over year, driven by increased personnel-related costs.
- Despite growth in outbound tours, some Southeast Asian countries faced headwinds, affecting overall demand in the region.
Hello, and thank you for standing by for Tuniu's 2025 second-quarter earnings conference call. (Operator Instructions) Today's conference call 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, Ms. Mary Chen. Please go ahead.
Thank you, and welcome to our 2025 second-quarter earnings conference call. Joining me on the call today are Donald 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 second quarter of 2025.
Before we continue, I refer you to our Safe Harbor statement in earnings press release, which applies to this call, as we will make forward-looking statements. Also, this call includes discussions of certain non-GAAP financial measures. Please refer to our earnings
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