Profitability also improved substantially. Net income for the quarter surged by 126%, from $132 million in Q4 2023 to $299 million. Adjusted EBITDA increased by 21%, with a margin expansion of 175 basis points. That margin expansion was driven by the effective technology integration strategies in the platform model.

Yum China Holdings, Inc. (NYSE:YUMC) shares are trading higher on Thursday after the fourth-quarter FY24 earnings result. The company reported fourth-quarter revenue growth of 4% year-on-year to $2.595 billion,