Choice Hotels — Nov 5, 2025 release

Shareholder Returns During the nine months ended September 30, 2025, the Company returned $150.4 million to shareholders through dividends, share repurchases under its stock repurchase program, and repurchases from employees in connection with tax withholding and option exercises relating to awards under the Company's equity incentive plans. As of September 30, 2025, the Company had 3.0 million shares of common stock remaining under its current share repurchase authorization. Outlook The following outlook includes forward-looking non-GAAP measures used by management to forecast the Company’s performance. The net income guidance range has been revised from the Company’s prior outlook primarily to reflect the $100 million gain recognized during the third quarter of 2025 on the fair value remeasurement of the previously held 50% equity investment in Choice Hotels Canada. Adjusted diluted EPS reflects amortization expense related to the intangible assets acquired and the remeasurement of the Company’s previously held equity interest in connection with the acquisition of Choice Hotels Canada – items that were not factored into prior guidance. Adjusted metrics exclude the net surplus or deficit generated from reimbursable revenue from franchised and managed properties, due diligence and transition costs, and any share repurchases completed after September 30, 2025, and other items. Full-Year 2025 Prior Outlook Net income $353 - $371 million $261 – $276 million Adjusted net income $320 - $331 million $324 – $339 million Adjusted EBITDA $620 - $632 million $615 – $635 million Diluted E