Tongcheng Travel Q2 2026 slides: revenue up 6.8% as user growth slows

Tongcheng Travel Holdings Limited reported its Q2 2026 financial results on August 24, 2026, with revenue increasing 6.8% year-over-year to RMB 5.0 billion. However, user engagement slowed as monthly paying users dropped 5.8% to 43.7 million. The company's adjusted net profit rose 9.8% to RMB 850.9 million. Despite a decline in stock price by 1.87% to $13.10, the Q2 results showed stronger core OTA revenue growth of 8.4% and healthy profitability, with core OTA operating profit up 7.1% to RMB 1.1 billion.

Tourism revenue, though smaller, posted a modest loss of RMB 6.2 million. The first half of 2026 demonstrated improved momentum, with total revenue of RMB 10.0 billion, up 10.5% year-over-year. The company reported a return to profitability in the tourism segment.