earnings
confidence high
sentiment positive
materiality 0.80
Hilton Q3 earnings beat; RevPAR exceeds 2019 for first time since pandemic
Hilton Worldwide Holdings Inc.
2022-Q3 EPS reported
$3.32
revenue$6,329,000,000
- Diluted EPS $1.26 ($1.31 adjusted); net income $346M; Adjusted EBITDA $732M, both above high end of guidance.
- System-wide comparable RevPAR up 29.9% YoY (currency neutral) and +5.0% vs Q3 2019, first time above pre-pandemic.
- Full-year 2022 outlook: RevPAR up 40-43% YoY; net income $1,219-1,240M; Adjusted EBITDA $2,500-2,530M.
- Repurchased 4.0M shares for $497M in Q3; total capital return $538M; projected FY capital return $1.5-1.9B.
- Development pipeline 416,000 rooms; net unit growth 12,100 rooms in Q3; 19,900 new rooms approved.