)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
H World Group (HTHT) investor relations material
H World Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary17 Nov, 2025
Executive summary
Achieved strong year-over-year growth in Q3 2025, with hotel GMV up 17.5% to RMB30.6 billion and rooms in operation rising 17.3% to 1,246,240.
Membership base exceeded 301 million, with member bookings up 19.7% year-over-year and member room nights accounting for 74% of total.
Asset-light, monetized, and franchised business drove profit growth, now contributing 70% of group gross operating profit.
Launched new upper-midscale brand Ji Icons, enhancing brand portfolio and targeting lifestyle and oriental aesthetics demand.
Opened over 2,000 hotels in the first nine months, on track to exceed 2,300 openings for the year.
Financial highlights
Q3 2025 revenue grew 8.1% year-over-year to RMB7.0 billion, surpassing guidance.
Adjusted EBITDA rose 18.9% year-over-year to RMB2.5 billion, with margin up 3.3 percentage points to 36.1%.
Net income attributable to shareholders was RMB1.5 billion, up 15.4% year-over-year.
Monetized and franchised revenue up 27.2% year-over-year to RMB3.3 billion; gross operating profit up 28.6% to RMB2.2 billion.
Operating cash flow reached RMB1.7 billion; cash and equivalents at quarter end were RMB13.3 billion, with net cash of RMB6.6 billion.
Outlook and guidance
Q4 2025 group revenue expected to grow 2%-6% year-over-year, or 3%-7% excluding DH.
Monetized and franchised revenue for Q4 2025 projected to increase 17%-21% year-over-year.
RevPAR for Q4 expected to be flat to slightly positive year-over-year, with leisure demand offsetting weak business demand.
Management will provide further 2026 outlook after Q4, citing ongoing macro uncertainties.
How did leased/owned hotel cost reduction impact margins?
Address Legacy-Huazhu same-hotel RevPAR decline
Explain Legacy-DH Q2 to Q3 Adjusted EBITDA drop
Ji Icons brand economics and franchisee feedback?
What drives the RevPAR stabilization trend?
Long-term upper-midscale segment growth targets?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next H World Group earnings date
Q4 202520 Mar, 2026
Next H World Group earnings date
Q4 202520 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
H World Group Limited is a company active in the global hospitality industry. With a focus on a diverse range of market segments including economy, upper midscale, upscale, and midscale hotel offerings, the company operates a significant portfolio encompassing leased and owned hotels, franchised hotels, and manachised hotels primarily within China. Its suite of hotel brands includes Joya Hotel, Manxin Hotels, Starway Hotel, Hi Inn, Crystal Orange Hotel, Orange Hotel, Blossom House, Madison Hotel brands, and Ni Hao Hotel. Furthermore, H World Group holds the position of master franchisee for the Ibis, Mercure, and Ibis Styles brands in the Pan-China region, alongside co-development rights for Novotel and Grand Mercure, underlining its expansive operational footprint. The company is headquartered in Shanghai, China, and its shares are listed on the Nasdaq.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage