NASDAQ$ATAT

Atour Lifestyle Holdings Limited · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

Atour Lifestyle Holdings Limited reported strong Q2 2026 results with 41.4% revenue growth driven by hotel expansion and retail momentum.

The company achieved net revenues of RMB 3.49 billion, up 41.4% YoY, with net income rising 29.0% to RMB 548 million. Hotel network expanded to 2,175 hotels and 242,526 rooms, while retail revenues surged 63.2%. Adjusted EBITDA grew 34.6% to RMB 821 million.

  • Net revenues reached RMB 3,490 million, a 41.4% increase year-over-year.
  • Retail segment revenue grew 63.2% to RMB 1,575 million, becoming a major growth driver.
  • Hotel network expanded to 2,175 hotels with 242,526 rooms in operation.
  • Full-year 2026 net revenue guidance raised to 30% growth over 2025.

Headline financials

Total Revenue

¥519M

Previous: ¥345M+50.5%
EPS (adj)

¥3.99

Previous: ¥1.01+295.0%
Hotels in operation

2.2K

No prior period
Hotel rooms in operation

242.5K

No prior period
Occupancy rate

76.2%

No prior period
RevPAR

¥345.00

Previous: ¥343.00+0.6%
ADR

¥438.00

No prior period
Adjusted EBITDA

¥821M

Previous: ¥610M+34.6%
Net Income

¥81.5M

Previous: ¥59.4M+37.3%
Operating Income

¥115M

No prior period
Cash & Equivalents

¥580M

No prior period

Revenue & EPS history

Atour · Revenue · Quarterly

¥519M

Q2 2026+50.5%vs Q2 2025
Beat estimate in 11 of 12 quarters(92%)
ActualEstimate

Revenue by segment

Atour · ¥3.49B total across 4 segments · Q2 2026

  • Manachised hotels
    ¥1.73B
  • Retail
    ¥1.57B+63.2%
  • Leased hotels
    ¥132M
  • Others
    ¥58.5M+6.6%

Forward guidance

For full year 2026, total net revenues expected to increase by 30% compared to 2025.

Tailwinds

  • Strong retail growth momentum continuing
  • Hotel network expansion on track with quality focus

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports

Historical avg

+0.0%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-2.0%

Avg return

30 days after

44%

7 / 16 earnings

Positive

+15.1%

Q2 2024

Best reaction

-11.7%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026-0.8%-3.6%-11.8%
Q3 2025-1.8%+1.4%+11.6%
Q2 2025+6.1%+10.9%+8.8%
Q1 2025+9.0%+2.8%+1.6%
Q4 2024-4.2%-5.9%-21.4%
Q3 2024-4.7%-6.7%+0.8%
Q2 2024+15.1%+14.7%+53.6%
Q1 2024+0.2%+1.7%+6.3%
Q4 2023-2.3%-0.1%-1.8%
Q3 2022-11.7%-6.6%-5.9%
Q3 2023-5.0%-5.5%-12.7%
Q2 2023-2.9%-1.3%-6.1%
Q1 2023-3.3%-9.3%-10.7%
Q4 2020+0.3%-4.9%-16.0%
Q4 2021+0.3%-4.9%-16.0%
Q4 2022+6.4%+0.3%-13.0%
Q2 2022
Q1 2022
Q3 2021
Q2 2021
Q1 2021
Q3 2020
Q2 2020
Q1 2020

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