NASDAQ$LUXH
Luxurban Hotels Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
LuxUrban reported record third quarter financial results with increased net rental revenue and EBITDA, and achieved first-ever quarter of GAAP net income.
LuxUrban Hotels Inc. announced strong Q3 2023 results, featuring significant increases in net rental revenue to $31.2 million and EBITDA to $8.4 million. The company achieved its first-ever quarter of GAAP net income of $4.9 million, or $0.11 per share. The company's collaboration with Wyndham Hotels & Resorts has accelerated growth.
- Net rental revenue increased to $31.2 million from $11.6 million.
- Net income improved to a quarterly record $4.9 million, or $0.11 per share, from a net loss of $(3.2) million, or $(0.13) per share.
- EBITDA rose to $8.4 million from $2.4 million.
- Company ended the quarter with 1,466 units available for rent and as of November 8, 2023, they had 1,599 units available for rent and 2,032 units under long-term Master Lease Agreements but not yet available for rent.
Headline financials
Revenue & EPS history
Luxurban · Revenue · Quarterly
$31.2M
Forward guidance
The Company has increased Net Rental Revenue and EBITDA guidance for 2023 and 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports · overlaid with Q3 2023
-3.9%
Avg return
Earnings day
-1.3%
Avg return
5 days after
-25.2%
Avg return
30 days after
50%
5 / 10 earnings
Positive
+11.8%
Q4 2022
Best reaction
-20.2%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2024 | -3.8% | +3.8% | -72.5% | |
| Q2 2024 | -17.2% | -2.7% | -48.5% | |
| Q1 2024 | -20.2% | -16.2% | -61.8% | |
| Q4 2023 | -20.2% | -16.2% | -61.8% | |
| Q3 2023 | +6.1% | -1.3% | +0.7% | |
| Q2 2023 | +1.0% | +0.7% | +12.7% | |
| Q4 2022 | +11.8% | +7.1% | +18.1% | |
| Q1 2023 | -2.9% | +14.6% | +11.7% | |
| Q3 2022 | +1.0% | — | — | |
| Q2 2022 | +5.1% | — | — | |
| Q1 2022 | — | — | — | |
| Q4 2021 | — | — | — | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro