Choice Hotels beats Q4/FY2024 guidance; net income $299.7M, record adjusted EBITDA $604.1M

CHOICE HOTELS INTERNATIONAL INC /DE

2024-FY EPS reported $6.20 revenue$1,584,839,000

Net income $299.7M (+16% YoY), diluted EPS $6.20 (+22%), both exceeded top end of FY2024 guidance.
Record adjusted EBITDA $604.1M (+12% YoY); adjusted diluted EPS $6.88 (+13% YoY).
Global net rooms +3.3%; domestic upscale/extended stay/midscale +4.3%. Opened 407 hotels (+21%).
Strategic partnership with Westgate Resorts added 21 hotels, 14,471 rooms in Q4 2024.
FY2025 guidance: net income $288-300M, adjusted EBITDA $625-640M.

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