H World Group reported Q1 EPS of RMB3.36, topping estimates by 7.35%, as revenue rose 6% to $870 million.
H World Group (NASDAQ:HTHT) posted first-quarter earnings above expectations, with EPS of RMB3.36 surpassing estimates of RMB3.13. Revenue reached RMB6.0 billion ($870 million), a 6% increase over projections, driven by a 20.3% rise in managed and franchised revenue to $436 million.
The company’s China segment led growth, with revenue up 12.4% year-over-year to RMB5 billion, while international revenue grew 5.1% to RMB972 million. H World operated 13,215 hotels globally as of March 31, with 2,894 more in development, reflecting aggressive expansion.
H World China opened 537 hotels and closed 177 during the quarter, underscoring its focus on scaling its network despite already surpassing 13,000 properties.