US Stock Market Move | In the third quarter, revenue and net profit of Atour Lifestyle Holdings Ltd. Sponsored ADR (ATAT.US) increased by over 40%. The stock price rose more than 6% during pre-market trading.

On Tuesday, Atour Lifestyle Holdings Ltd. Sponsored ADR (ATAT.US) rose by 6.05% to $28.73 before the market opened. On the fundamental side, in the third quarter of 2024, Atour Lifestyle Holdings Ltd. Sponsored ADR group achieved revenue of 18.99 billion, a year-on-year increase of 46.7%; adjusted net profit of 3.84 billion, a year-on-year increase of 41.2%; and adjusted EBITDA of 5.32 billion, a year-on-year increase of 40.0%. The financial report shows that Atour Lifestyle Holdings Ltd. Sponsored ADR group's RevPAR (average revenue per available room) and ADR (average daily rate) were 380 and 456, respectively, with an occupancy rate of 80.3%. In the third quarter, 140 new hotels opened, a year-on-year increase of 72.8%, once again setting a record for the number of hotels opened in a single quarter. As of the end of the third quarter, the number of operating hotels reached 1,533, a year-on-year increase of 37.9%. During the reporting period, the retail business continued to rise, with GMV increasing by 107.7% year-on-year to 566 million.