The chart below shows how TOUR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TOUR sees a -3.33% change in stock price 10 days leading up to the earnings, and a -4.09% change 10 days following the report. On the earnings day itself, the stock moves by +2.09%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Record Revenue and Profit Growth: In the third quarter, our revenues and profit continued to grow. With GAAP net income reaching a record high since our listing, up to RMB 43.9 million and our net income for the first three quarters of this year exceeded RMB 100 million.
Sustained Profitability Achievement: On a non-GAAP basis, we have achieved profitability for six consecutive quarters.
Strong Market Demand: During the seasonally strong third quarter, the market demonstrated robust demand with more new products introduced compared to last summer particularly for outbound travel, our product range was significantly enriched for customers.
Outbound Travel Growth: The transaction volume of our outbound travel products achieved a double-digit year-over-year growth in the quarter.
High-Quality Travel Experiences: Our new tool products continue to follow a high quality approach, aiming to deliver industry-leading travel experiences.
Negative
Net Revenue Increase: For the third quarter of 2024, net revenues were RMB 186 million, representing a year-over-year increase of 4% from the corresponding period in 2023.
Decline in Other Revenues: Other revenues were down 5% year-over-year to RMB 26.7 million and accounted for 14% of our total net revenues.
Operating Expenses Increase: Operating expenses for the third quarter of 2024 were RMB 92.6 million, up 11% year-over-year.
R&D Expense Decline: Research and product development expenses for the third quarter of 2024 were RMB 13.6 million, down 26% year-over-year.
Administrative Expense Reduction: General and administrative expenses for the third quarter of 2024 were RMB 18.6 million, down 31% year-over-year.
Tuniu Corporation (TOUR) Q3 2024 Earnings Call Transcript
TOUR.O
0%