H World Group Ltd
NASDAQ:HTHT

  • LAST PRICE
    38.1500
  • TODAY'S CHANGE (%)
    1.7200 (4.7214%)
  • Bid / Lots
    37.5100/ 2
  • Ask / Lots
    39.0700/ 6
  • Open / Previous Close
    36.8400 / 36.4300
  • Day Range
    36.4400
    38.3500
  • 52 Week Range
    30.2000
    48.8400
  • Volume
    3,102,777

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  • May 21, 2024

  • May 17, 2024

      Show headlines and story abstract

    • 7:00AM ET on Friday May 17, 2024 by MT Newswires
      Companies Mentioned: MSFT, HTHT, TTWO, RBC, AMAT, RLX, RDDT
      07:00 AM EDT, 05/17/2024 (MT Newswires) -- US equity futures were mostly tracking slightly in the red before the opening bell Friday as traders await fresh catalysts to trigger market direction. The S&P 500 futures and the Dow Jones Industrial Avera...

    • 6:51AM ET on Friday May 17, 2024 by MT Newswires
      Companies Mentioned: HTHT
      06:51 AM EDT, 05/17/2024 (MT Newswires) -- H World Group (HTHT) reported Q1 adjusted earnings Friday of 2.43 Chinese renminbi ($0.34) per diluted American depositary share, up from 1.19 renminbi a year earlier. Two analysts polled by Capital IQ expe...

    • 6:15AM ET on Friday May 17, 2024 by GlobeNewswire
      Companies Mentioned: HTHT

    • 6:15AM ET on Friday May 17, 2024 by Dow Jones
      Companies Mentioned: HTHT

      H World Group Limited Reports First Quarter of 2024 Unaudited Financial Results
      -- A total of 9,817 hotels or 955,657 hotel rooms in operation as of March 31, 2024. -- Hotel turnover1 increased 21.1% year-over-year to RMB19.7 billion in the first quarter of 2024. Excluding Steigenberger Hotels GmbH and its subsidiaries ("DH", or "Legacy-DH"), hotel turnover increased 21.6% year-over-year in the first quarter of 2024. Hotel turnover from the Legacy-DH segment increased 15.5% in the first quarter of 2024. -- Revenue increased 17.8% year-over-year to RMB5.3 billion (US$731 million)2 in the first quarter of 2024, surpassing the revenue guidance previously announced of a 12% to 16% increase compared to the first quarter of 2023. Revenue from the Legacy-Huazhu segment in the first quarter of 2024 was RMB4.2 billion, which increased 18.1% year-over-year, exceeding the revenue guidance previously announced of an 11% to 15% increase. Revenue from the Legacy-DH segment in the first quarter of 2024 was RMB1.0 billion, which increased 16.6% year-over-year. -- Net income attributable to H World Group Limited was RMB659 million (US$91 million) in the first quarter of 2024, compared with RMB990 million in the first quarter of 2023 and RMB743 million in the previous quarter. Net income attributable to H World Group Limited from the Legacy-Huazhu segment was RMB833 million in the first quarter of 2024, compared with RMB1.2 billion in the first quarter of 2023 and RMB827 million in the previous quarter. Net loss attributable to H World Group Limited from the Legacy-DH segment was RMB174 million in the first quarter of 2024, compared with RMB165 million in the first quarter of 2023 and RMB84 million in the previous quarter. -- EBITDA (non-GAAP) in the first quarter of 2024 was RMB1.3 billion (US$181 million), compared with RMB1.6 billion in the first quarter of 2023 and RMB1.4 billion in the previous quarter. -- Adjusted EBITDA (non-GAAP), which excluded share-based compensation expenses, gain (loss) from fair value changes of equity securities, foreign exchange gain (loss), net and gain (loss) on disposal of investments from EBITDA (non-GAAP), was RMB1.4 billion (US$197 million) in the first quarter of 2024, compared with RMB1.0 billion in the first quarter of 2023 and RMB1.1 billion in the previous quarter. -- Adjusted EBITDA is our segment measure. Adjusted EBITDA from the Legacy-Huazhu segment was RMB1.5 billion in the first quarter of 2024, compared with RMB1.1 billion in the first quarter of 2023 and RMB1.1 billion in the previous quarter. Adjusted EBITDA from the Legacy-DH segment was a loss of RMB66 million in the first quarter of 2024, compared with a loss of RMB98 million in the first quarter of 2023 and a loss of RMB6 million in the previous quarter. -- For the second quarter of 2024, H World expects its revenue growth to be in the range of 7%-11% compared to the second quarter of 2023 or in the range of 7%-11% excluding DH.

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