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Stock impact report

H World Group Limited Reports Fourth Quarter and Full Year of 2023 Unaudited Financial Results [Yahoo! Finance]

H World Group Limited - American Depositary Shares (HTHT) 
Last h world group limited - american depositary shares earnings: 3/26 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.huazhu.com
Company Research Source: Yahoo! Finance
Hotel turnover increased 55.0% year-over-year to RMB20.4 billion in the fourth quarter of 2023. Excluding Steigenberger Hotels GmbH and its subsidiaries (“ DH ”, or “ Legacy-DH ”), hotel turnover increased 60.6% year-over-year in the fourth quarter of 2023 and increased 65.9% year-over-year for the full year of 2023. Revenue increased 50.7% year-over-year to RMB5.6 billion (US$786 million) in the fourth quarter of 2023, surpassing the revenue guidance previously announced of a 41% to 45% increase compared to the fourth quarter of 2022, and increased 57.9% year-over-year to RMB21.9 billion (US$3.1 billion) for the full year of 2023. Revenue from the Legacy-Huazhu segment in the fourth quarter of 2023 was RMB4.4 billion, which increased 59.0% year-over-year, exceeding the revenue guidance previously announced of a 48% to 52% increase. Net income attributable to H World Group Limited was RMB743 million (US$105 million) in the fourth quarter of 2023, compared with a net loss attribut Show less Read more
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