H World Group Limited reported revenue and net income growth in the third quarter of 2024.

From GlobeNewswire: 2024-11-26 06:15:02

H World Group Limited reported a total of 10,845 hotels with 1,062,546 rooms in operation as of September 30, 2024. Hotel turnover increased by 10.7% year-over-year to RMB26.0 billion in the third quarter of 2024. Revenue increased 2.4% year-over-year to RMB6.4 billion. The company’s net income attributable to H World Group Limited was RMB1.3 billion in the third quarter of 2024. For the fourth quarter of 2024, the company expects revenue growth in the range of 1%-5% compared to the fourth quarter of 2023, excluding DH. Legacy-Huazhu segment revenue increased 1.0% year-over-year. Legacy-DH segment revenue increased 8.9% year-over-year. EBITDA in the third quarter of 2024 was RMB2.0 billion. Adjusted EBITDA was RMB2.1 billion. Adjusted EBITDA from the Legacy-Huazhu segment was RMB2.1 billion, and from the Legacy-DH segment was RMB21 million. Operating margin was 26.7% in the third quarter of 2024. Cash flow from operating activities was RMB1.7 billion in the third quarter of 2024. Cash, cash equivalents, and restricted cash totaled RMB7.2 billion. Debt and net cash balance were RMB5.4 billion and RMB2.5 billion, respectively, as of September 30, 2024.

Source: https://www.globenewswire.com/news-release/2024/11/26/2363194/0/en/H-World-Group-Limited-Reports-Third-Quarter-of-2024-Unaudited-Financial-Results.html



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