NYSE$H

Hyatt Hotels Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Hyatt's Q1 2021 results were reported, showing strong leisure demand and net rooms growth.

Hyatt's Q1 2021 results exceeded expectations with improving demand and strong net rooms growth of 6.5%. The company reported a net loss of $304 million and an adjusted EBITDA loss of $20 million, but saw positive indicators across travel segments and improved RevPAR throughout the quarter.

  • Net losses increased to $304 million, including a $193 million non-cash valuation allowance.
  • Adjusted EBITDA decreased 123.3% to $(20) million.
  • System-wide RevPAR decreased 48.9% compared to Q1 2020.
  • Net rooms growth reached 6.5%.

Headline financials

Total Revenue

$438M

Previous: $993M-55.9%
EPS (adj)

-$3.57

Previous: -$0.35-920.0%
System-wide RevPAR Growth

45.8%

Previous: -28.1%+262.9%
Adjusted EBITDA

-$20M

Previous: $86M-123.3%
Capital Expenditures

-$19M

Previous: -$55M+65.5%
Free Cash Flow

-$323M

Previous: -$158M-104.4%
Net Income

-$304M

Previous: -$103M-195.1%
Operating Income

-$102M

Previous: -$57M-78.9%
Gross Profit

$14M

Previous: $132M-89.4%
Cash & Equivalents

$1.08B

Previous: $1.19B-9.7%
Total Assets

$8.77B

Previous: $8.3B+5.7%
Stock-Based Comp

$32M

Previous: $17M+88.2%

Revenue & EPS history

Hyatt · Revenue · Quarterly

$438M

Q1 2021-55.9%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

Hyatt is providing the following guidance for the 2021 fiscal year:

Tailwinds

  • Adjusted selling, general, and administrative expenses are expected to be approximately $240 million.
  • Capital expenditures are expected to be approximately $110 million.
  • The Company expects to grow units, on a net rooms basis, by over 5.0%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.6%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+3.0%

Avg return

30 days after

57%

37 / 65 earnings

Positive

+11.5%

Q4 2023

Best reaction

-9.1%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.5%+1.9%+14.1%
Q4 2025+0.3%+0.6%-17.4%
Q3 2025+6.1%+13.4%+13.0%
Q1 2025+5.3%+7.9%+17.2%
Q4 2024-9.1%-9.9%-24.6%
Q3 2024-7.7%-8.9%+0.5%
Q2 2024-2.7%+0.9%+10.0%
Q1 2024+3.0%+1.8%-1.8%
Q4 2023+11.5%+2.5%+19.0%
Q3 2023+0.6%+2.6%+13.6%
Q2 2023-8.3%-5.6%-6.2%
Q1 2023-1.6%+0.7%-2.6%
Q4 2022-3.0%-3.8%-9.5%
Q3 2022+0.0%-0.9%+8.3%
Q2 2022+3.4%+8.6%+6.9%
Q1 2022+4.4%+4.8%+13.2%
Q4 2021-3.8%-4.9%-11.2%
Q3 2021+6.4%+8.8%-3.7%
Q2 2021-5.8%-2.4%-4.6%
Q1 2021-2.4%-1.8%-4.2%
Q4 2020-0.2%+6.3%+10.6%
Q3 2020-2.6%+15.8%+29.8%
Q2 2020+2.6%+6.5%+19.7%
Q1 2020-1.5%-2.3%+24.1%
Q4 2019+4.7%-3.3%-47.3%
Q3 2019+2.5%+5.8%+10.8%
Q2 2019-3.1%-6.3%-8.6%
Q1 2019+0.8%+0.9%-5.9%
Q4 2018+3.1%+2.8%+2.9%
Q3 2018+5.4%+8.8%+10.0%
Q2 2018+3.2%+1.8%+1.0%
Q1 2018+1.4%+2.8%+9.4%
Q4 2017+1.4%+1.4%+1.7%
Q3 2017+7.2%+10.7%+15.3%
Q2 2017+8.3%+5.7%+7.0%
Q1 2017+3.2%+3.1%+2.9%
Q4 2016-6.0%-6.2%-6.5%
Q3 2016+0.9%+5.3%+6.4%
Q2 2016+1.1%+3.1%+4.8%
Q1 2016+2.4%
Q4 2015+8.0%
Q3 2015-0.1%
Q2 2015-6.6%
Q1 2015-1.4%
Q4 2014-1.2%
Q3 2014-3.4%
Q2 2014-4.9%
Q1 2014+7.0%
Q4 2013+0.2%
Q3 2013+1.7%
Q2 2013+9.1%
Q1 2013-6.1%
Q4 2012-1.5%
Q3 2012-5.0%
Q2 2012-0.4%
Q1 2012+0.2%
Q4 2009+0.3%
Q2 2011+0.3%
Q4 2011+0.3%
Q3 2011+5.8%
Q3 2010+5.8%
Q2 2010-3.8%
Q1 2011-1.7%
Q4 2010-1.7%
Q1 2010-1.7%

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