Atour Lifestyle Holdings (ATAT) Company Report

Atour Lifestyle Holdings reported Q3 2025 net revenues of RMB 2,628 million, a 38.4% year-over-year increase, with adjusted net income rising 27.0% year-over-year to RMB 488 million.
The retail business demonstrated strong growth, with GMV reaching RMB 994 million (up 75.5% year-over-year) and retail revenues increasing 76.4% year-over-year to RMB 846 million. Consequently, the company raised its full-year retail revenue growth outlook to at least 65% year-on-year and adjusted its overall full-year revenue guidance to 35% year-on-year growth.
The hotel network expanded significantly, with 152 new hotels opened in Q3, bringing the total to 1,948 hotels in operation by quarter-end, and the company is confident in achieving its strategic target of 2,000 premier hotels by year-end 2025.
The company declared its second cash dividend for 2025 of approximately US $50 million, bringing the cumulative dividend for the year to US $108 million, which represents approximately 62% of the prior fiscal year's net income. Atour also commenced a share repurchase program and targets a 100% payout ratio based on the previous fiscal year's GAAP net income through dividends and repurchases.

Nov 25, 2025, 12:00 PM

Transcript

Atour Lifestyle Holdings Limited Announces Strong Q3 2025 Results and Dividend Payment

ATAT

Earnings

Guidance Update

Dividends

Atour Lifestyle Holdings Limited reported net revenues of RMB 2,627,970 thousand for Q3 2025, marking a 38.4% year-over-year increase.
The retail business demonstrated significant growth, with Retail GMV increasing by 75.5% year-over-year to RMB 994 million in Q3 2025.
The hotel network expanded with 152 new hotel openings in Q3 2025, bringing the total hotels in operation to 1948 and 754 hotels in the pipeline.
The company announced a second dividend payment of approximately US$50 million for 2025, contributing to an aggregate of approximately US$108 million in dividend payments for the full year 2025.
For the full year 2025, Atour Lifestyle Holdings Limited anticipates a total net revenues growth rate of 35% year-over-year.

Nov 25, 2025, 12:00 PM

Presentation

Atour Lifestyle Holdings Reports Strong Q3 2025 Results with Revenue and Profit Growth

ATAT

Earnings

Guidance Update

Dividends

Net revenues for Q3 2025 reached RMB 2,628 million, an increase of 38.4% year-over-year.
The retail business demonstrated robust growth, with GMV at RMB 994 million, up 75.5% year-over-year. Consequently, the company raised its full-year retail revenue growth outlook to at least 65% year-on-year and its total net revenue guidance to a 35% year-on-year growth for full year 2025.
Adjusted net income for Q3 2025 was RMB 488 million, a 27.0% year-over-year increase, with an adjusted net profit margin of 18.6%.
The hotel network expanded to 1,948 hotels in operation by the end of Q3 2025, reflecting a 27.1% year-over-year increase, with 152 new hotels opened during the quarter.
The company declared a second cash dividend for 2025 of approximately US $50 million, bringing the cumulative dividend for the year to US $108 million, which represents approximately 62% of the prior fiscal year's net income.

Nov 25, 2025, 12:00 PM

Transcript

Atour Lifestyle Holdings Reports Strong Q3 2025 Financial Results and Raises Full-Year Guidance

ATAT

Earnings

Guidance Update

Dividends

Net revenues for Q3 2025 grew by 38.4% year-over-year to RMB 2,628 million, with retail business revenue increasing by 76.4% year-over-year to RMB 846 million.
Adjusted net income for Q3 2025 was RMB 488 million, a 27.0% increase year-over-year, and adjusted EBITDA was RMB 685 million, up 28.7% year-over-year.
The company raised its full-year 2025 total net revenues guidance to an increase of 35% compared to full year 2024, and its full-year retail revenue growth outlook to at least 65% year-on-year.
ATAT declared its second cash dividend for 2025, totaling approximately US $50 million, bringing the cumulative dividend for the year to US $108 million, which is 62% of the prior fiscal year's net income. The company also commenced a share repurchase program in September.
The hotel network expanded, with 152 hotels opened in Q3 2025, and the company is confident in achieving its full-year guidance of 500 new openings and reaching 2,000 premier hotels by year-end.

Nov 25, 2025, 12:00 PM

Transcript

Atour Lifestyle Holdings Limited Reports Strong Q3 2025 Financial Results and Declares Dividend

ATAT

Earnings

Dividends

Guidance Update

Net revenues for the third quarter of 2025 increased by 38.4% year-over-year to RMB2,628 million (US$369 million), while net income rose 24.6% to RMB474 million (US$67 million).
As of September 30, 2025, the company's hotel network expanded to 1,948 hotels and 219,359 hotel rooms, representing year-over-year increases of 27.1% and 25.2% respectively.
The retail business saw significant growth, with GMV reaching RMB994 million for the third quarter of 2025, an increase of 75.5% year-over-year.
The Board declared a cash dividend of US$0.12 per ordinary share, or US$0.36 per American depositary share (ADS), payable around December 22, 2025. Total dividend payments for 2025 are expected to be approximately US$108 million.
For the full year 2025, Atour anticipates total net revenues to increase by 35% compared to full-year 2024.

Nov 25, 2025, 11:06 AM

6-K

Atour Lifestyle Holdings Reports Strong Q2 2025 Results and Raises Full-Year Retail Guidance

ATAT

Earnings

Guidance Update

Revenue Acceleration/Inflection

Atour Lifestyle Holdings reported net revenues of RMB2,469 million in Q2 2025, marking a 37.4% year-over-year increase, primarily fueled by hotel network expansion and the retail business, which saw its GMV rise 84.6% year-over-year to RMB1,144 million.
The company's adjusted net income grew 30.2% year-over-year, and adjusted EBITDA increased 37.7% year-over-year in Q2 2025.
Atour continued its expansion, opening 118 hotels in Q2 2025, bringing the total number of hotels in operation to 1,824, a 29.2% year-over-year increase, with 816 hotels currently under development.
For the full year 2025, Atour expects total net revenues to increase by 30% compared to 2024 and has raised its retail business growth guidance to 60% year-over-year.
The full-year adjusted net profit margin is anticipated to decline year-over-year due to a projected increase in the adjusted comprehensive tax rate to 30% and the structural impact of the growing retail business.

Aug 26, 2025, 2:00 PM

Earnings Transcripts

Quarterly earnings call transcripts for Atour Lifestyle Holdings.

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