Tuniu Posts Modest Q1 Growth and Fifth Straight Quarter of Non‑GAAP Profitability

Tuniu is shifting sales toward live streaming and rolling out AI-driven packaging and premium long‑haul products to respond to rising demand for experiential travel and tighter booking windows.

Overview

Tuniu reported Q1 net revenue of RMB132.6 million, a 13% year‑over‑year increase, with GAAP net income attributable to ordinary shareholders of RMB0.7 million and non‑GAAP net income of RMB2.6 million.
Package tours remained the core business, making up 83% of Q1 revenue, while live streaming grew to contribute more than 20% of total transaction volume.
The company achieved non‑GAAP profitability for a fifth consecutive quarter, with that measure excluding share‑based compensation and amortization of acquired intangible assets to show underlying operating results.
Management said it is expanding supplier networks and offline stores and deploying AI and dynamic packaging that can automatically generate destination recommendations and customizable itineraries.
Tuniu guided Q2 revenue growth of 0%–5% year‑over‑year and warned that rising airfares and short booking windows limit near‑term visibility and could constrain summer demand despite strategic initiatives.