NYSE$HLT

Hilton Worldwide Holdings Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Hilton's first quarter results were reported, reflecting the material impact of the COVID-19 pandemic.

Hilton's first quarter results were impacted by the COVID-19 pandemic, particularly in March. Diluted EPS was $0.06, adjusted EPS was $0.74. Net income was $18 million, and Adjusted EBITDA was $363 million. System-wide comparable RevPAR decreased 22.6 percent.

  • Diluted EPS was $0.06 for the first quarter, and diluted EPS, adjusted for special items, was $0.74.
  • Net income was $18 million for the first quarter.
  • Adjusted EBITDA was $363 million for the first quarter.
  • System-wide comparable RevPAR decreased 22.6 percent on a currency neutral basis for the first quarter from the same period in 2019.

Headline financials

Total Revenue

$1.92B

Previous: $2.2B-12.9%
EPS (adj)

$0.74

Previous: $0.80-7.5%
System-wide RevPAR

$76.16

Previous: $98.42-22.6%
Capital Expenditures

-$12M

Previous: -$23M+47.8%
Free Cash Flow

$6M

Previous: $135M-95.6%
Net Income

$18M

Previous: $158M-88.6%
Operating Income

$68M

Previous: $312M-78.2%
Gross Profit

$345M

Previous: $523M-34.0%
Cash & Equivalents

$1.73B

Previous: $382M+353.9%
Total Assets

$15.8B

Previous: $14.9B+6.3%

Revenue & EPS history

Hilton · Revenue · Quarterly

$1.92B

Q1 2020-12.9%vs Q1 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Hilton · $655M total across 5 segments · Q1 2020

  • Franchise & Licensing Fees
    $339M-11.3%
  • Ownership
    $210M-32.7%
  • Base & Other Mgmt Fees
    $60M-25.0%
  • Incentive Mgmt Fees
    $23M-58.2%
  • Other Revenues
    $23M-11.5%

Forward guidance

The company is currently experiencing unprecedented times as a result of the COVID-19 pandemic, and our number one priority remains protecting the safety and security of our guests, team members and owners. We have also taken precautionary measures to protect our business, including securing our liquidity position. Given the strength of our system and dedication of our people, we believe we are well-positioned to navigate this crisis and ultimately recover stronger.

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 2020

Historical avgQ1 2020

+0.8%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+2.7%

Avg return

30 days after

57%

30 / 53 earnings

Positive

+7.9%

Q4 2018

Best reaction

-5.8%

Q1 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.5%-4.2%+0.5%
Q4 2025+0.4%-2.8%-9.9%
Q3 2025+3.4%+0.1%+3.2%
Q2 2025-2.6%-1.2%+1.3%
Q1 2025+2.2%+8.7%+12.0%
Q4 2024+4.9%+4.4%-4.2%
Q3 2024-1.2%-0.4%+6.2%
Q2 2024-1.0%-0.7%+2.9%
Q1 2024+3.5%+2.6%+3.1%
Q4 2023-0.0%-0.5%+5.7%
Q3 2023-0.8%+1.1%+13.5%
Q2 2023+1.0%+2.9%-2.7%
Q1 2023-3.1%-1.3%-5.6%
Q4 2022-0.1%+2.8%-4.6%
Q3 2022+2.1%+3.5%+5.8%
Q2 2022+6.5%+7.0%+9.0%
Q1 2022-2.6%-7.7%-8.4%
Q4 2021-3.1%-4.8%-3.9%
Q3 2021+1.1%+0.2%-5.7%
Q2 2021+1.5%-2.7%-1.5%
Q1 2021-5.8%-5.2%-2.7%
Q4 2020+0.4%+5.6%+9.5%
Q3 2020+3.8%+14.9%+22.3%
Q2 2020+4.6%+8.8%+13.7%
Q1 2020+2.0%-5.4%+23.2%
Q4 2019+2.1%+1.7%-31.1%
Q3 2019+6.8%+7.1%+11.6%
Q2 2019+1.3%+2.4%-4.2%
Q1 2019+4.9%+6.1%+2.8%
Q4 2018+7.9%+10.0%+15.4%
Q3 2018-1.9%-0.4%+6.2%
Q2 2018-1.1%-4.0%-4.2%
Q1 2018-2.0%-1.9%+0.0%
Q4 2017+1.6%+0.1%-2.0%
Q3 2017+0.8%+1.3%+6.2%
Q2 2017-0.8%-0.9%+0.6%
Q1 2017+2.8%+3.0%+12.3%
Q4 2016+1.3%+0.1%-0.9%
Q3 2016-2.1%-0.6%+11.4%
Q2 2016-4.1%-2.3%+0.6%
Q1 2016+2.8%
Q4 2015+2.9%
Q3 2015-0.6%
Q2 2015+0.2%
Q1 2015-1.6%
Q4 2014-1.0%
Q3 2014+1.0%
Q2 2013-0.1%
Q2 2014-0.1%
Q1 2013+1.5%
Q4 2012+1.5%
Q1 2014+1.5%
Q4 2013-0.8%
Q3 2013
Q3 2012

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