Analyst Consensus ?
ConsensusHold19 ratings
Bullish1157.9%
Neutral526.3%
Bearish315.8%
H World Group Limited · HTHT · FY2025 Q3 · Calendar Q4 2025
H World: Asset-light growth offsets RevPAR and seasonality concerns
The current analysis supports a constructive but conditional view: H World’s asset-light expansion, higher ADR, membership growth and brand development support growth, while RevPAR stabilization, seasonality and cost control remain important tests.
Reported Before market openNASDAQConsumer Cyclical
$12.83B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.67
Consensus $0.64
EPS surprise
+4.7%
Reported versus consensus
Reported revenue
$977.7M
Consensus $894.9M
Revenue surprise
+9.3%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.6%
Event window
SPY move
-0.9%
Same window
Abnormal move
+3.5%
Stock minus SPY
Volume
1.8×
Versus trailing sessions
Subsequent drift
+6.4%
Up to 20 sessions
HTHTSPY benchmark
Ask FN2 about HTHT FY2025 Q3
Transcript, numbers and history already loaded
Why did HTHT rise 2.6% after beating EPS estimates in FY2025 Q3?What changed in HTHT's guidance and outlook in FY2025 Q3?Give me the bull and bear case for HTHT after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The tone shifted from the prior quarter’s cautious stance to confident execution. The current analysis emphasizes 17.3% room growth, more than 2,000 openings in nine months, membership above 300 million and the launch of Ji Icons, while guidance remained maintained.
Guidance delta
Management maintained guidance; Q4 revenue growth was guided at 2–6% year over year and franchised revenue growth at 17–21%.
Key takeaways
- Growth was driven by asset-light franchised and managed operations and higher ADR.
- Rooms grew 17.3% year over year, with more than 2,000 openings in the first nine months.
- H Rewards exceeded 300 million members, while Ji Icons supports upper-midscale expansion.
- The key test is whether RevPAR can stabilize while the company sustains cost efficiency and high-quality expansion.
Management priorities
- Continue asset-light expansion with a focus on cost efficiency
- Scale Ji Icons and deepen the upper-midscale offering
- Increase direct sales and loyalty-program engagement
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$42.05Current
$32.4Low
$50.56Average
$62.4High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 6, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Benchmark | Buy | Buy | Maintain | Mar 19, 2026 |
| Macquarie | Outperform | Outperform | Maintain | Mar 18, 2026 |
| UBS | Buy | Neutral | Upgrade | Mar 9, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | May 21, 2025 |
| B of A Securities | Buy | Buy | Maintain | Mar 13, 2024 |
| HSBC | Buy | Buy | Maintain | Aug 31, 2022 |
| Credit Suisse | Neutral | Outperform | Downgrade | Dec 8, 2020 |
| Citigroup | Neutral | Buy | Downgrade | Mar 30, 2020 |
| CLSA | Sell | Buy | Downgrade | Feb 5, 2020 |
| Morgan Stanley | Equal Weight | Underweight | Upgrade | Dec 6, 2019 |
| Daiwa Capital | Sell | Underperform | Maintain | Oct 16, 2019 |
| Goldman Sachs | Neutral | Buy | Downgrade | Sep 13, 2019 |
| Bank of America | Buy | Buy | Maintain | Aug 22, 2019 |
| China Renaissance | Hold | Buy | Downgrade | May 6, 2019 |
| Deutsche Bank | Sell | Hold | Downgrade | Jan 22, 2019 |
| Brean Capital | Buy | Buy | Maintain | Aug 17, 2016 |
| TH Capital | Buy | Hold | Upgrade | Nov 9, 2015 |
| Oppenheimer | Outperform | Outperform | Maintain | Mar 8, 2013 |
| China International Capital | Buy | Accumulate | Maintain | Mar 6, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $42.05. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $62.4 | $52.12 | +48.4% | Mar 9, 2026 |
| HSBC | Lina Yan | $32.4 | $32.08 | -22.9% | Feb 4, 2025 |
| Citigroup | Lydia Ling | $54 | $38.06 | +28.4% | Sep 27, 2024 |
| Morgan Stanley | Dan Chee | $56 | $36.31 | +33.2% | May 24, 2024 |
| HSBC | Lina Yan | $53.6 | $39.72 | +27.5% | May 21, 2024 |
| Macquarie | Sunny Chow | $48 | $36.92 | +14.1% | Apr 19, 2024 |
| HSBC | Lina Yan | $51.5 | $37.8 | +22.5% | Mar 22, 2024 |
| HSBC | Lina Yan | $46.9 | $36.21 | +11.5% | Aug 31, 2022 |
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Start freeCompany context
Snapshot as of publicationH World Group Limited, through its various subsidiaries, is actively engaged in the development and management of hotels primarily within the People's Republic of China. Its extensive operations cover a range of models, including leased, owned, manachised, and franchised properties. The company boasts a diverse collection of self-owned hotel brands, among them HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels. As of June 30, 2022, the group oversaw 8,176 hotels, providing a combined total of 773,898 rooms. Originally known as Huazhu Group Limited, the company officially rebranded to H World Group Limited in June 2022. Founded in 2005, its corporate headquarters are situated in Shanghai, People's Republic of China.
Historical context
All HTHT earningsConsumer Cyclical peers this season
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| LEN-B Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | — | Lennar: Efficiency Gains Offset Housing-Market Pressures |
| LEN Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | -4.1% | Lennar Holds Volume Guidance as Margins Improve Despite Housing Headwinds |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the HTHT recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-06T20:10:44.858087+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-06T20:10:44.855186+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-06. For educational purposes only; not investment advice.