Atour Lifestyle Holdings Limited Reports Third Quarter of 2025 Unaudited Financial Results

Core Viewpoint - Atour Lifestyle Holdings Limited reported strong financial results for the third quarter of 2025, with significant growth in hotel operations and retail business, despite a volatile market environment [6][7]. Financial Performance - Net revenues for Q3 2025 increased by 38.4% year-over-year to RMB2,628 million (US$369 million) [7][9]. - Net income for Q3 2025 rose by 24.6% year-over-year to RMB474 million (US$67 million) [13][14]. - Adjusted net income (non-GAAP) for Q3 2025 increased by 27.0% year-over-year to RMB488 million (US$69 million) [14][15]. - EBITDA (non-GAAP) for Q3 2025 grew by 27.0% year-over-year to RMB672 million (US$94 million) [15][16]. - Adjusted EBITDA (non-GAAP) for Q3 2025 increased by 28.7% year-over-year to RMB685 million (US$96 million) [15][16]. Operational Highlights - As of September 30, 2025, Atour operated 1,948 hotels with a total of 219,359 hotel rooms, reflecting year-over-year increases of 27.1% and 25.2%, respectively [2][7]. - The average daily room rate (ADR) for Q3 2025 was RMB447, slightly down from RMB456 in Q3 2024 [3]. - The occupancy rate for Q3 2025 was 80.2%, compared to 80.3% in Q3 2024 [3]. - Revenue per available room (RevPAR) was RMB371 for Q3 2025, down from RMB380 in Q3 2024 [3]. Retail Business Performance - Gross merchandise value (GMV) from the retail business reached RMB994 million in Q3 2025, marking a 75.5% increase year-over-year [5][6]. - Revenues from retail for Q3 2025 increased by 76.4% to RMB846 million (US$119 million) compared to RMB480 million in Q3 2024 [11]. Future Outlook - For the full year of 2025, the company expects total net revenues to increase by 35% compared to the full year of 2024 [19].