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Stock impact report

Atour Lifestyle Holdings Limited Reports First Quarter of 2024 Unaudited Financial Results

Atour Lifestyle Holdings Limited (ATAT) 
Company Research Source: GlobeNewswire
A total of 1,302 hotels, or 148,149 hotel rooms, in operation as of March 31, 2024.Net revenues for the first quarter of 2024 increased by 89.7% year-over-year to RMB1,468 million (US$203 million), compared with RMB774 million for the same period of 2023.Net income for the first quarter of 2024 increased by 1326.0% year-over-year to RMB258 million (US$36 million), compared with RMB18 million for the same period of 2023.Adjusted net income (non-GAAP)1 for the first quarter of 2024 increased by 63.4% year-over-year to RMB261 million (US$36 million), compared with RMB160 million for the same period of 2023.EBITDA (non-GAAP)2 for the first quarter of 2024 increased by 291.3% year-over-year to RMB351 million (US$49 million), compared with RMB90 million for the same period of 2023. Adjusted EBITDA (non-GAAP)3 for the first quarter of 2024 increased by 53.1% year-over-year to RMB354 million (US$49 million), compared with RMB231 million for the same period of 2023. SHANGHAI, China, May 23, Show less Read more
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