NASDAQ$HTHT
Huazhu Group Ltd-ADR · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
H World Q1 revenue rises 2.2% to RMB5.4B as net income jumps 36% to RMB894M
H World Group reported unaudited Q1 2025 results with revenue of RMB5.4 billion (US$744 million), up 2.2% year over year despite a 10.4% sequential decline. Net income attributable to H World was RMB894 million (US$123 million), up 35.7% from RMB659 million a year ago, while income from operations rose 7.9% to RMB1.1 billion. Legacy-Huazhu revenue grew 5.5% to RMB4.5 billion on hotel network expansion, and manachised and franchised revenue jumped 21.1% to RMB2.5 billion. The company operated 11,685 hotels with 1.142 million rooms at quarter end and opened 694 net new hotels in China. Adjusted EBITDA was RMB1.5 billion and management guided Q2 2025 revenue growth of 1% to 5% year over year.
- Q1 revenue RMB5.4B (+2.2% YoY); net income RMB894M (+35.7%); operating income RMB1.1B (+7.9%)
- Legacy-Huazhu revenue RMB4.5B (+5.5%); manachised/franchised revenue RMB2.5B (+21.1%)
- 11,685 hotels and 1.14M rooms in operation; 694 net hotel openings in China during Q1
- Blended Legacy-Huazhu RevPAR RMB208; Legacy-DH RevPAR up 12.7% YoY in EUR terms
- Q2 2025 revenue growth guidance 1%-5% YoY (3%-7% excluding DH); manachised/franchised growth 18%-22%
Headline financials
Revenue & EPS history
Huazhu · Revenue · Quarterly
¥5.4B
Forward guidance
For Q2 2025, H World expects revenue growth of 1%-5% compared to Q2 2024, or 3%-7% excluding DH, with manachised and franchised revenue growth of 18%-22%.
Tailwinds
- Continued asset-light expansion with strong manachised/franchised momentum
- Legacy-DH RevPAR improving with occupancy gains
Headwinds
- Cautious macro outlook amid tariff and economic uncertainty
- Same-hotel Legacy-Huazhu RevPAR down 8.3% YoY
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2025
-0.4%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+1.4%
Avg return
30 days after
45%
29 / 65 earnings
Positive
+15.1%
Q1 2015
Best reaction
-15.6%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | +2.6% | -1.6% | |
| Q3 2025 | +2.7% | +0.3% | +8.6% | |
| Q2 2025 | +5.3% | +6.9% | +16.3% | |
| Q1 2025 | -1.7% | -2.3% | -10.2% | |
| Q4 2024 | -0.9% | -1.9% | -9.4% | |
| Q3 2024 | -8.9% | -8.5% | -3.3% | |
| Q2 2024 | -1.7% | +0.2% | +2.9% | |
| Q1 2024 | -5.5% | -12.2% | -18.8% | |
| Q4 2023 | -6.3% | -5.5% | -7.2% | |
| Q3 2023 | -0.2% | -4.7% | -7.1% | |
| Q2 2023 | -10.4% | -8.4% | -11.9% | |
| Q1 2023 | -2.5% | +6.6% | +3.1% | |
| Q4 2022 | +0.9% | +3.1% | -2.8% | |
| Q3 2022 | +8.2% | +19.6% | +26.2% | |
| Q2 2022 | -10.2% | -12.4% | -11.1% | |
| Q1 2022 | +5.7% | +4.3% | +21.5% | |
| Q4 2021 | -3.2% | -4.1% | -11.9% | |
| Q3 2021 | -15.6% | -16.7% | -20.7% | |
| Q2 2021 | +3.7% | +1.9% | +4.5% | |
| Q1 2021 | -0.2% | +1.6% | -5.3% | |
| Q4 2020 | -4.4% | -4.2% | +6.2% | |
| Q3 2020 | -1.7% | -9.1% | -12.1% | |
| Q2 2020 | -4.0% | +3.0% | +2.8% | |
| Q1 2020 | -7.4% | -3.4% | -2.8% | |
| Q4 2019 | -6.7% | -3.5% | -2.9% | |
| Q3 2019 | -2.0% | -0.4% | -7.0% | |
| Q2 2019 | -1.8% | -3.7% | +5.0% | |
| Q1 2019 | -8.6% | -11.5% | +0.9% | |
| Q4 2018 | +10.3% | +15.2% | +24.1% | |
| Q3 2018 | +6.4% | -1.2% | +7.1% | |
| Q2 2018 | +0.5% | +8.2% | -3.7% | |
| Q1 2018 | +12.3% | +15.2% | +27.0% | |
| Q4 2017 | -14.5% | -12.6% | -15.2% | |
| Q3 2017 | -10.9% | -6.8% | +22.0% | |
| Q2 2017 | +9.0% | +15.2% | +11.9% | |
| Q1 2017 | +8.1% | +4.8% | +8.8% | |
| Q4 2016 | +2.2% | +4.2% | +2.3% | |
| Q3 2016 | +0.6% | -0.6% | +9.7% | |
| Q2 2016 | +1.9% | +1.6% | +7.0% | |
| Q1 2016 | -2.5% | — | — | |
| Q4 2015 | +9.1% | — | — | |
| Q3 2015 | -1.7% | — | — | |
| Q2 2015 | +6.1% | — | — | |
| Q1 2015 | +15.1% | — | — | |
| Q4 2014 | -12.7% | — | — | |
| Q3 2014 | -3.6% | — | — | |
| Q2 2014 | +7.2% | — | — | |
| Q1 2014 | +3.8% | — | — | |
| Q4 2013 | -2.7% | — | — | |
| Q3 2013 | +6.6% | — | — | |
| Q2 2013 | -1.0% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2012 | -10.8% | — | — | |
| Q3 2012 | +3.7% | — | — | |
| Q2 2012 | +1.0% | — | — | |
| Q4 2010 | -0.9% | — | — | |
| Q4 2011 | -0.9% | — | — | |
| Q4 2009 | -0.9% | — | — | |
| Q1 2012 | +1.9% | — | — | |
| Q3 2011 | -3.3% | — | — | |
| Q2 2011 | -6.8% | — | — | |
| Q1 2011 | +3.3% | — | — | |
| Q3 2010 | +8.0% | — | — | |
| Q2 2010 | +8.0% | — | — | |
| Q1 2010 | -3.2% | — | — |
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