On June 4th, Tuniu Tourism Network released its Q1 2024 performance report. During the reporting period, Tuniu achieved a net income of 108 million yuan, a year-on-year increase of 70.9%; The revenue from packaged tourism products was 83 million yuan, a year-on-year increase of 106.7%; Non US accounting standard net profit of 27.7 million yuan. As of the first quarter of 2024, Tuniu achieved non US accounting standard profits for four consecutive quarters.
In terms of air ticket business, the financial report shows that in the first quarter of 2024, the conversion rate of Tuniu air ticket orders increased by 30% year-on-year.
In addition, the financial report shows that in the first quarter of 2024, the transaction volume of Tuniu Live exceeded 440 million yuan, a year-on-year increase of 71%. At the same time, thanks to the continuous enrichment of the supply of "Niuren Special Line" products, the continuous deepening of expert cooperation, and the advantages of "ticket+hotel" packaged products in the market, the verification rate of Tuniu's live streaming products has significantly increased. Among them, the verification amount in the first quarter increased by 138% year-on-year, and the verification amount from January to May increased by over 400% year-on-year. As of the end of May this year, the transaction volume and verification amount of Tuniu Live exceeded the full year of 2023.