H World Reports Q1 Net Income $118M, Revenue Up 11.1% to RMB6B
H World Group posted Q1 net income of $118 million (RMB817 million), down from RMB894 million a year earlier, and reported revenue of RMB6.0 billion (US$870 million), up 11.1% year-over-year. Adjusted EBITDA rose to RMB1.9 billion (US$269 million) despite a RMB56 million loss in the international segment.
1. Q1 Financial Results
H World Group generated net income of RMB817 million (US$118 million) in Q1 2026, down from RMB894 million in Q1 2025. Consolidated revenue rose 11.1% year-over-year to RMB6.0 billion (US$870 million).
2. Segment Performance
Revenue from H World China reached RMB5.0 billion, up 12.4% year-over-year, while H World International segment revenue totaled RMB972 million, up 5.1%. Manachised and franchised revenue climbed 20.3% to RMB3.0 billion (US$436 million).
3. Profitability Metrics
Non-GAAP EBITDA remained flat at RMB1.6 billion (US$232 million) versus Q1 2025, while adjusted EBITDA increased to RMB1.9 billion (US$269 million) from RMB1.5 billion. The international segment recorded an adjusted EBITDA loss of RMB56 million compared with a RMB78 million loss a year earlier.
4. Operational Highlights
As of March 31, 2026, H World operated 13,215 hotels and 1,303,563 rooms globally, including 13,095 in China and 120 internationally. The company opened 537 hotels and closed 177 in China during Q1 and held a pipeline of 2,894 unopened hotels (2,865 China; 29 international).