Welcome to our dedicated page for Tuniu Corporation news (Ticker: TOUR), a resource for investors and traders seeking the latest updates and insights on Tuniu Corporation stock.
Tuniu Corporation (Nasdaq: TOUR) is a leading online leisure travel company based in China, recognized for its expansive and diverse selection of packaged tours and travel-related services. Through its website tuniu.com and mobile platform, Tuniu offers organized, self-guided tours, and comprehensive travel solutions catering to leisure travelers. The company's extensive portfolio covers over 1,200,000 stock keeping units (SKUs) of packaged tours, spanning more than 140 countries globally, with a significant focus on popular tourist destinations within China.
Tuniu aims to provide a seamless and enjoyable travel experience through a combination of its online platform and extensive offline service network, including over 1,350 tour advisors, a 24/7 call center, and 170 regional service centers. Their goal is to become the go-to destination for Chinese consumers seeking leisure travel products and services. By expanding product offerings, increasing their customer base, and enhancing customer loyalty, Tuniu is dedicated to growing its market share in the online leisure travel sector.
In recent financial updates, Tuniu reported significant growth and milestones. For the second quarter of 2023, the company saw a 170.5% year-over-year increase in net revenues, with revenues from packaged tours jumping by 632.3%. This marked the first time Tuniu achieved a quarterly operating profit since its listing. Moving into the third quarter of 2023, net revenues continued to rise by 128.9% year-over-year, with packaged tours revenue increasing by 262.1%. The third quarter also saw Tuniu achieve its highest GAAP net income since its listing.
The company has also faced challenges, notably receiving a Nasdaq notification in January 2024 for non-compliance with the minimum bid price requirement, giving Tuniu 180 days to regain compliance. Despite this, Tuniu's financial performance remained strong, with net revenues increasing by 265.8% year-over-year in the fourth quarter of 2023 and a fiscal year gain of 140.3% over 2022. Their first quarter of 2024 also showed continued growth with net revenues increasing by 70.9% year-over-year, marking the first profitable first quarter since their listing.
Tuniu's strategic focus includes leveraging its competitive advantages in products, services, and technology to attract more customers, improve operational efficiency, and achieve long-term sustainable growth. The company also announced a share repurchase program worth up to $10 million to enhance shareholder value.
Tuniu Corporation (NASDAQ:TOUR), a top online leisure travel company in China, will release its unaudited financial results for Q1 2021 on June 3, 2021, before market opening.
A conference call for the results is scheduled for 8:00 am U.S. Eastern Time on the same day. Stakeholders can access the call via designated phone numbers. A replay will be available shortly after the call until June 10, 2021.
For more information, stakeholders can visit Tuniu's investor relations website.
Tuniu Corporation (NASDAQ:TOUR), a leading online leisure travel company in China, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020. The report is available on the company's investor relations website and SEC's website. Tuniu offers a wide range of packaged tours and travel services to leisure travelers, covering over 420 cities in China and popular global destinations. Shareholders can request a free hard copy of the report containing audited financial statements from the Investor Relations Department.
Tuniu Corporation (NASDAQ:TOUR) reported its fourth quarter and fiscal year 2020 results on March 16, 2021, highlighting a significant impact from COVID-19. For Q4, net revenues fell to RMB118.7 million (US$18.2 million), a 73.7% decline year-over-year. The company experienced a net loss of RMB921.8 million (US$141.3 million) for the quarter. Full-year results showed a net revenue decrease of 80.3% to RMB450.3 million (US$69.0 million) and a net loss of RMB1.3 billion (US$205.9 million). Looking ahead, Tuniu expects Q1 2021 revenues to decline 60% to 65% year-over-year.
Tuniu Corporation (NASDAQ:TOUR), a prominent online leisure travel firm in China, is set to unveil its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020, on March 16, 2021. The earnings call will occur at 8:00 am U.S. Eastern Time, allowing analysts and investors to discuss the company's performance. Tuniu's platform offers a range of leisure travel services, including packaged tours, and services backed by a robust support network.
Tuniu Corporation (NASDAQ:TOUR), a leading online leisure travel company in China, announced the appointment of Jiangtao Liu and Shiwei Zhou as new board directors effective February 9, 2021. They replace Shengli Hu and Tao Yang, who resigned the same day. Liu's appointment is linked to a previous Share Purchase Agreement involving JD.com and Caissa Sega Tourism. Liu, CEO of Caissa Group, has extensive industry experience, while Zhou serves as VP of Corporate Strategy & Investment at Trip.com. This leadership change aims to strengthen Tuniu's strategic direction in the competitive travel market.
Tuniu Corporation (NASDAQ: TOUR) reported its third quarter 2020 results, revealing net revenues of RMB123.5 million (US$18.2 million), an 85.5% year-over-year decrease due to COVID-19. Packaged tour revenues dropped by 88.4%, while other revenues decreased by 64.8%. Operating expenses declined by 70.8% to RMB127.8 million (US$18.8 million), leading to a net loss of RMB62.1 million (US$9.1 million), up from RMB12.6 million in the prior year. For Q4 2020, Tuniu anticipates revenues between RMB112.8 million and RMB135.4 million, representing a 70%-75% decrease year-over-year.
Tuniu Corporation (NASDAQ:TOUR) will announce its third-quarter financial results for 2020 on December 1, 2020, prior to market opening. An earnings conference call is scheduled for 8:00 AM ET on the same day, where management will discuss the results. Interested parties can access the call via several dial-in numbers based on their location.
Tuniu, a leading online leisure travel company in China, offers a variety of travel services and covers over 420 cities in China, providing comprehensive leisure travel solutions.
Tuniu Corporation (NASDAQ:TOUR), a top online leisure travel firm in China, has announced a share repurchase program authorizing up to US$10 million of its ordinary shares or American depositary shares over the next year. These buybacks will occur based on market conditions, utilizing available cash balance. This repurchase initiative reflects the company's commitment to enhancing shareholder value and confidence in its financial stability amidst a challenging travel industry backdrop.
Tuniu Corporation (NASDAQ: TOUR) reported its unaudited financial results for Q2 2020, revealing net revenues of RMB34.0 million (US$4.8 million), a staggering 93.5% drop year-over-year, largely due to COVID-19 impacts. Packaged tour revenues fell by 97.1%, while other revenues declined by 76.4%. Despite this, the company noted a sequential decrease in operating expenses by 63.4% to RMB158.1 million (US$22.4 million). Tuniu anticipates net revenues between RMB85.3 million and RMB170.5 million for Q3 2020, reflecting an expected 80-90% year-over-year decline but a significant quarter-over-quarter improvement.
Tuniu Corporation (NASDAQ: TOUR), a leading online leisure travel company in China, plans to release its unaudited financial results for Q2 2020 on August 28, 2020, prior to market opening. An earnings conference call is scheduled for the same day at 8:00 AM ET. The call will provide insights into Tuniu's performance, covering updates on packaged tours and services offered across over 420 departing cities in China. A replay will be available through September 3, 2020.
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