NYSE$H

Hyatt Hotels Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported fourth quarter and full year 2022 financial results, achieving record cash flow and exceeding net rooms growth expectations.

Hyatt's Q4 2022 results showed a net income of $294 million and an Adjusted EBITDA of $232 million. Comparable system-wide RevPAR increased by 34.8%. The company also completed the acquisition of Dream Hotel Group and repurchased 1.15 million shares for $106 million during the quarter.

  • Net income was $294 million in the fourth quarter of 2022.
  • Adjusted EBITDA was $232 million in the fourth quarter of 2022.
  • Comparable system-wide RevPAR increased 34.8% in the fourth quarter of 2022.
  • The Company repurchased approximately 1.15 million shares for $106 million in the fourth quarter of 2022.

Headline financials

Total Revenue

$1.59B

Previous: $1.08B+47.6%
EPS (adj)

$2.55

Previous: -$2.78+191.7%
System-wide RevPAR Growth

34.8%

Previous: 96.8%-64.0%
Adjusted EBITDA

$232M

Previous: $112M+107.1%
Capital Expenditures

$59M

Previous: $46M+28.3%
Free Cash Flow

$212M

Previous: $60M+253.3%
Net Income

$294M

Previous: -$29M+1113.8%
Operating Income

$59M

Previous: -$102M+157.8%
Gross Profit

$336M

Previous: $174M+93.1%
Cash & Equivalents

$1.15B

Previous: $960M+19.7%
Total Assets

$3.11B

Previous: $3.98B-21.7%
Stock-Based Comp

$14M

Previous: $10M+40.0%

Revenue & EPS history

Hyatt · Revenue · Quarterly

$1.59B

Q4 2022+47.6%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

The Company is providing the following guidance for the 2023 fiscal year:

Tailwinds

  • System-Wide RevPAR 10% to 15%
  • Net Rooms Growth Approx. 6.0%

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 Q4 2022

Historical avgQ4 2022

+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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