Atour Lifestyle Holdings Limited (NASDAQ:ATAT) reported fourth-quarter results showing strong revenue growth, driven largely by the continued expansion of its retail segment. The company’s shares rose about 1.5% following the announcement.
The Chinese lifestyle and hospitality group generated fourth-quarter revenue of $398.65 million, while adjusted earnings per ADS reached $0.48. Net revenues rose to RMB2,788 million, up from RMB2,084 million in the same period a year earlier, supported primarily by growth in its manachised hotel operations and retail business. Retail revenue surged 52.4% year over year to RMB1,166 million during the quarter, while manachised hotel revenues increased 28.1% to RMB1,417 million.
For the full year 2025, Atour reported total net revenues of RMB9,790 million, representing a 35.1% increase compared with RMB7,248 million in 2024. Adjusted net income climbed 34.2% to RMB1,753 million.
By the end of 2025, the company’s hotel network had grown to 2,015 properties with 224,423 rooms, reflecting year-over-year increases of 24.5% and 22.5%, respectively.
“2025 marked the completion of our ’Chinese Experience, 2,000 Premier Hotels’ strategic initiative,” said Haijun Wang, Founder, Chairman and CEO. “Our retail business sustained strong growth momentum: full-year revenue reached RMB3.7 billion, representing 67.0% YoY growth.”
Looking ahead to fiscal 2026, Atour expects total net revenues to grow between 20% and 24% compared with 2025, implying a range of RMB11,748 million to RMB12,140 million. The midpoint of that guidance corresponds to approximately RMB11,944 million.
During 2025, the company returned about $108 million to shareholders through cash dividends and repurchased roughly $46 million worth of shares on the open market. As of December 31, 2025, Atour held RMB3.3 billion in cash and cash equivalents.