NYSE$HLT

Hilton Worldwide Holdings Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Hilton's first quarter 2021 results were impacted by the COVID-19 pandemic, but showed improvement in March and April.

Hilton's first quarter 2021 results reflect the material impact of the COVID-19 pandemic. While January and February were weighed down by rising cases and travel restrictions, March and April saw meaningful improvement. The company opened 105 new hotels, adding 16,500 rooms to its system, and achieved net unit growth of 13,100 rooms.

  • Diluted EPS was $(0.39) for the first quarter, and diluted EPS, adjusted for special items, was $0.02.
  • Net loss was $109 million for the first quarter.
  • Adjusted EBITDA was $198 million for the first quarter.
  • System-wide comparable RevPAR decreased 38.4 percent on a currency neutral basis for the first quarter from the same period in 2020.

Headline financials

Total Revenue

$874M

Previous: $1.92B-54.5%
EPS (adj)

$0.02

Previous: $0.74-97.3%
System-wide RevPAR

$46.23

Previous: $76.16-39.3%
Capital Expenditures

-$3M

Previous: -$12M+75.0%
Free Cash Flow

-$111M

Previous: $6M-1950.0%
Net Income

-$108M

Previous: $18M-700.0%
Operating Income

$21M

Previous: $68M-69.1%
Gross Profit

$179M

Previous: $345M-48.1%
Cash & Equivalents

$2.4B

Previous: $1.73B+38.5%
Total Assets

$16B

Previous: $15.8B+1.2%
Stock-Based Comp

$39M

No prior period

Revenue & EPS history

Hilton · Revenue · Quarterly

$874M

Q1 2021-54.5%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Hilton · $353M total across 5 segments · Q1 2021

  • Franchise & Licensing Fees
    $242M-28.6%
  • Ownership
    $56M-73.3%
  • Base & Other Mgmt Fees
    $25M-58.3%
  • Other Revenues
    $17M-26.1%
  • Incentive Mgmt Fees
    $13M-43.5%

Forward guidance

The press release contains forward-looking statements regarding the impact of the COVID-19 pandemic, the performance of Hilton's business, financial results, liquidity and capital resources.

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

+0.8%

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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