earnings
confidence high
sentiment positive
materiality 0.80
Hilton Q3 2023: Adj EPS $1.67, net income $379M, RevPAR up 6.8% YoY; raises full-year outlook
Hilton Worldwide Holdings Inc.
2023-Q3 EPS reported
$3.74
revenue$7,626,000,000
- Diluted EPS $1.44; adjusted EPS $1.67 vs $1.31 a year ago. Net income $379M, Adjusted EBITDA $834M.
- System-wide comparable RevPAR +6.8% YoY and +11.4% vs Q3 2019. Management fees rose 12.3% YoY.
- Development pipeline reached record 457,300 rooms (+10% YoY); opened first Spark by Hilton and Tempo by Hilton.
- Repurchased 4.5M shares for $684M in Q3; board declared $0.15/share dividend payable Dec 29.
- Full-year 2023 guidance: RevPAR +12.0-12.5%; Adj EBITDA $3,025-3,045M; net unit growth ~5.0%.