Chinese travel company Tuniu's Q3 revenue rises 8.6%, gross profit falls 10%

Tuniu's Q3 2025 net revenues increased by 8.6% year-over-year, driven by a 12.4% rise in packaged tour revenue. However, gross profit fell by 10% due to a 44% increase in the cost of revenues. The company repurchased 3 million ADSs for $2.6 million. Tuniu expects Q4 net revenues between RMB111 million and RMB116.1 million. The stock is rated as a "strong buy" with a 12-month price target of $1.70, significantly above its current price.

)

Overview

Tuniu Q3 2025 net revenues rise 8.6% yr/yr, driven by packaged tour growth
Gross profit for Q3 2025 decreases 10% yr/yr
Company repurchased 3 mln ADSs for US$2.6 mln under 2025 program

Outlook

Tuniu expects Q4 2025 net revenues of RMB111 mln to RMB116.1 mln

Result Drivers

PACKAGED TOUR GROWTH - Revenue from packaged tours rose 12.4% yr/yr, driven by organized and self-guided tours
CUSTOMER SATISFACTION - Co tailored products and services during peak season to improve customer satisfaction
COST OF REVENUES - Cost of revenues increased 44% yr/yr, impacting gross profit

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 RMB

Revenue 202.06

mln

Q3 Net RMB

Income 19.37

mln

Q3 Gross RMB

Profit 109.61

mln

Q3 RMB

Income 13.84

from mln

Operatio

Q3 ChRMB

Operatin 95.77

g mln

Expenses

Q3 RMB

Pretax 20.84

Profit mln

Analyst Coverage

The one available analyst rating on the shares is “strong buy”
The average consensus recommendation for the leisure & recreation peer group is “buy.”
Wall Street’s median 12-month price target for Tuniu Corp is $1.70, about 121.7% above its December 4 closing price of $0.77
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 33 three months ago

Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)