Hilton Worldwide (HLT) Tops Q3 EPS by 8c, Revenues Miss
Hilton Worldwide (NYSE: HLT) reported Q3 EPS of $0.06, $0.08 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $933 million versus the consensus estimate of $982.31 million.
- Diluted EPS was $(0.28) for the third quarter, and diluted EPS, adjusted for special items, was $0.06
- Net loss was $81 million for the third quarter
- Adjusted EBITDA was $224 million for the third quarter
- System-wide comparable RevPAR decreased 59.9 percent on a currency neutral basis for the third quarter from the same period in 2019
- Approved 17,400 new rooms for development during the third quarter, bringing Hilton's development pipeline to 408,000 rooms as of September 30, 2020, representing 8 percent growth from September 30, 2019
- Opened 17,100 rooms in the third quarter, contributing to 14,800 net additional rooms in Hilton's system, representing 4.7 percent net unit growth from September 30, 2019, with full year net unit growth expected to be between 4.5 percent and 5.0 percent
- As of November 2, 2020, 97 percent of Hilton's system-wide hotels were open
For earnings history and earnings-related data on Hilton Worldwide (HLT) click here.
