Playa Hotels Q1 net income $54.3M, Adjusted EBITDA $113.5M, reaffirms FY2024 guidance $250-275M

Playa Hotels & Resorts N.V.

2024-Q1 EPS reported $0.39 revenue$300,635,000

Net income $54.3M vs $42.7M YoY; Adjusted Net Income $55.2M vs $49.0M.
Net Package RevPAR up 20.2% to $427.17 (comparable up 7.8% to $450.33).
Owned Resort EBITDA $124.0M (13.4% YoY); margin 43.3% (up 1.4 pts).
FY 2024 Adjusted EBITDA guidance reaffirmed at $250M-$275M despite Jamaica demand weakness and FX headwinds.
Repurchased nearly $50M shares year-to-date; cash $285.3M, debt $1.09B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Playa Hotels & Resorts N.V. updated its three months ended March 31, 2024 guidance (reaffirmed).

Period: three months ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 6, 2024, Playa Hotels & Resorts N.V. (“Playa” or the “Company”) issued a press release reporting the Company’s financial results for the three months ended March 31, 2024.

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Source: SEC EDGAR

accession 0001692412-24-000107

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