Q3 2025 Tuniu Corp Earnings Call Transcript
Key Points
- Tuniu Corp (TOUR) recorded a 9% year-over-year increase in net revenues for the third quarter of 2025.
- Revenues from core packaged tour products grew by 12% year over year.
- The company achieved double-digit year-over-year growth in transaction volume for long-haul island products.
- Transaction volume for self-drive tour products increased by 5 times year over year during the National Day holiday.
- Tuniu Corp (TOUR) maintained profitability on both a GAAP and non-GAAP basis for the quarter.
- Gross profit for the third quarter of 2025 decreased by 10% year over year.
- Operating expenses increased by 3% year over year, impacting overall profitability.
- Other revenues decreased by 14% year over year, primarily due to a decline in commission fees from other travel-related products.
- Research and product development expenses increased by 15% year over year, driven by higher personnel-related costs.
- Sales and marketing expenses rose by 2% year over year, also due to increased personnel-related expenses.
Hello, and thank you for standing by for Tuniu Corp FY 2025 third-quarter earnings conference call. (Operator Instructions) 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, please go ahead.
Thank you, and welcome to our 2025 third-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 third quarter of 2025. Before we continue, I refer you to our Safe Harbor statement in the 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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