Atour Lifestyle Holdings Ltd. reported its unaudited financial results for the first quarter of 2025, highlighting key operational and financial metrics. The company experienced a 29.8% increase in net revenues year-over-year, reaching RMB1.906 billion (USD 263 million). However, net income decreased by 5.5% compared to the previous year, totaling RMB244 million (USD 34 million). Despite the decline in net income, adjusted net income, which excludes share-based compensation expenses, rose by 32.3% year-over-year to RMB345 million (USD 48 million). The company also reported an increase in EBITDA by 6.1% to RMB372 million (USD 51 million). Adjusted EBITDA, which similarly excludes share-based compensation expenses, saw a significant rise of 33.8%, amounting to RMB474 million (USD 65 million). As of March 31, 2025, Atour operated 1,727 hotels, corresponding to 194,559 hotel rooms. The retail business's gross merchandise volume $(GMV.AU)$ notably surged by 70.9% year-over-year, reaching RMB845 million in the first quarter. The company continues to focus on driving high-quality growth amidst market volatility, as evidenced by these financial results.
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