NYSE$HLT

Hilton Worldwide Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported solid first quarter results, resumed capital return to shareholders.

Hilton Worldwide Holdings Inc. reported its first quarter 2022 results with diluted EPS of $0.75 and adjusted EPS of $0.71. Net income was $211 million and Adjusted EBITDA was $448 million. System-wide comparable RevPAR increased 80.5 percent compared to the same period in 2021.

  • Diluted EPS was $0.75 for the first quarter, and diluted EPS, adjusted for special items, was $0.71.
  • Net income was $211 million for the first quarter.
  • Adjusted EBITDA was $448 million for the first quarter.
  • System-wide comparable RevPAR increased 80.5 percent, on a currency neutral basis, for the first quarter compared to the same period in 2021.

Headline financials

Total Revenue

$1.72B

Previous: $874M+96.9%
EPS (adj)

$0.71

Previous: $0.02+3450.0%
System-wide RevPAR

$80.84

Previous: $46.23+74.9%
Capital Expenditures

-$4M

Previous: -$3M-33.3%
Free Cash Flow

$208M

Previous: -$111M+287.4%
Net Income

$212M

Previous: -$108M+296.3%
Operating Income

$369M

Previous: $21M+1657.1%
Gross Profit

$515M

Previous: $179M+187.7%
Cash & Equivalents

$1.43B

Previous: $2.4B-40.4%
Total Assets

$15.5B

Previous: $16B-3.2%
Stock-Based Comp

$37M

Previous: $39M-5.1%

Revenue & EPS history

Hilton · Revenue · Quarterly

$1.72B

Q1 2022+96.9%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Hilton · $670M total across 5 segments · Q1 2022

  • Franchise & Licensing Fees
    $413M+70.7%
  • Ownership
    $150M+167.9%
  • Base & Other Mgmt Fees
    $55M+120.0%
  • Incentive Mgmt Fees
    $34M+161.5%
  • Other Revenues
    $18M+5.9%

Forward guidance

Full year 2022 system-wide comparable RevPAR is expected to increase between 32.0 percent and 38.0 percent on a currency neutral basis compared to 2021; full year net income is projected to be between $1,001 million and $1,071 million; full year Adjusted EBITDA is projected to be between $2,250 million and $2,350 million.

Tailwinds

  • System-wide comparable RevPAR, on a currency neutral basis, is expected to increase between 32.0 percent and 38.0 percent compared to 2021, and to be down between 5.0 percent to 9.0 percent from 2019.
  • Diluted EPS, before special items, is projected to be between $3.56 and $3.81.
  • Diluted EPS, adjusted for special items, is projected to be between $3.77 and $4.02.
  • Net income is projected to be between $1,001 million and $1,071 million.
  • Adjusted EBITDA is projected to be between $2,250 million and $2,350 million.

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 2022

Historical avgQ1 2022

+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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