NYSE$HTT
High Templar Tech Limited · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
H World Q4 2024: RMB 6.0B revenue (+7.8% YoY), net income RMB 49M, 2,442 hotel openings in 2024
H World Group Limited reported unaudited Q4 and full-year 2024 results for the period ended December 31, 2024. Q4 revenue rose 7.8% year over year to RMB 6.0 billion, beating prior guidance of 1–5% growth, with Legacy-Huazhu up 9.2% and Legacy-DH up 2.9%. Net income attributable to H World was RMB 49 million versus RMB 743 million in Q4 2023, reflecting higher withholding tax and one-off items. Adjusted EBITDA was RMB 1.2 billion (US$171 million), up 10.3% year over year. The global network reached 11,147 hotels and 1,088,218 rooms; 2024 saw a record 2,442 net openings and approximately US$767 million returned to shareholders via dividends and buybacks.
- Q4 revenue of RMB 6.0 billion increased 7.8% YoY, exceeding the 1–5% guidance range.
- Net income attributable to H World was RMB 49 million; adjusted EBITDA grew 10.3% YoY to RMB 1.2 billion.
- Legacy-Huazhu revenue rose 9.2% to RMB 4.8 billion; Legacy-DH revenue increased 2.9% to RMB 1.2 billion.
- Hotel turnover increased 16.5% YoY to RMB 23.7 billion in Q4 on fast network expansion.
- Full-year 2024 revenue reached RMB 23.9 billion (+9.2% YoY) with a record 2,442 new hotel openings.
Headline financials
Revenue & EPS history
Qudian · Revenue · Quarterly
¥6B
Revenue by segment
Qudian · ¥6B total across 2 segments · Q4 2024
- Legacy-Huazhu¥4.8B—80.0%
- Legacy-DH¥1.2B—20.0%
Forward guidance
Management expects continued network expansion and RevPAR recovery in 2025, supported by the H Reward membership program and asset-light strategy.
Tailwinds
- Pipeline of 3,013 hotels as of year-end 2024
- Fee-based revenue mix supporting underlying profitability
Headwinds
- Q4 net income compressed by withholding tax and impairment-related charges
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 Q4 2024
-3.0%
Avg return
Earnings day
-1.6%
Avg return
5 days after
+0.1%
Avg return
30 days after
35%
12 / 34 earnings
Positive
+22.1%
Q1 2022
Best reaction
-25.1%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | -0.3% | — | |
| Q1 2025 | -0.3% | +1.0% | +4.4% | |
| Q4 2024 | -2.0% | -9.5% | -14.6% | |
| Q3 2024 | -5.8% | +25.1% | +18.9% | |
| Q2 2024 | -4.9% | +0.0% | +24.5% | |
| Q1 2024 | +16.3% | +22.9% | +17.0% | |
| Q4 2023 | -0.4% | -0.4% | -8.5% | |
| Q3 2023 | +7.0% | +8.6% | +20.4% | |
| Q2 2023 | -24.1% | -26.2% | -9.3% | |
| Q1 2023 | +6.7% | +6.1% | +15.6% | |
| Q4 2022 | -8.2% | -11.9% | -9.7% | |
| Q3 2022 | -3.4% | -13.8% | +12.2% | |
| Q2 2022 | -5.0% | -1.8% | +4.6% | |
| Q1 2022 | +22.1% | +24.5% | +45.5% | |
| Q4 2021 | +7.1% | +21.4% | +12.2% | |
| Q3 2021 | -25.0% | -35.9% | -17.1% | |
| Q2 2021 | +5.1% | +1.9% | -2.5% | |
| Q1 2021 | +0.8% | +9.8% | -16.8% | |
| Q4 2020 | +0.0% | +1.8% | -4.9% | |
| Q3 2020 | -4.5% | -4.5% | +37.6% | |
| Q2 2020 | -5.8% | -4.5% | -11.6% | |
| Q1 2020 | +6.0% | +0.0% | +20.0% | |
| Q4 2019 | -18.2% | +26.5% | -1.8% | |
| Q3 2019 | -25.1% | -39.5% | -36.4% | |
| Q2 2019 | -6.7% | -4.8% | -17.5% | |
| Q1 2019 | +3.7% | +7.6% | +14.8% | |
| Q4 2018 | +1.7% | -4.9% | +14.0% | |
| Q3 2018 | +16.3% | +15.2% | +7.7% | |
| Q2 2018 | -11.7% | -7.4% | -20.0% | |
| Q1 2018 | -19.9% | -23.7% | -13.1% | |
| Q4 2016 | -6.3% | -4.4% | +0.3% | |
| Q4 2015 | -6.3% | -4.4% | +0.3% | |
| Q4 2017 | -3.9% | -5.7% | -34.8% | |
| Q3 2017 | -8.5% | -22.9% | -49.2% | |
| Q1 2017 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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