HTHT - H World Group beats Q2 top and bottom line estimates; initiates Q3 and raises FY23 outlook
2023-08-24 06:21:18 ET
- H World Group press release ( NASDAQ: HTHT ): Q2 Non-GAAP EPADS of $0.45 beats by $0.14 .
- Revenue of $762M (+63.5% Y/Y) beats by $21.22M .
- Adjusted EBITDA was $242 million in the second quarter of 2023.
- Outlook: For the third quarter of 2023, H World expects its revenue growth to be in the range of 43%-47% compared to the third quarter of 2022, or in the range of 49%-53% excluding DH.
- "We raise our guidance for the full year of 2023, expecting revenue growth to be in the range of 48%-52% compared to the full year of 2022, and up from our previous guidance of 42%-46%, or in the range of 54%-58% excluding DH compared to the previous guidance of 46%-50% excluding DH."
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H World Group beats Q2 top and bottom line estimates; initiates Q3 and raises FY23 outlook