NYSE$HLT

Hilton Worldwide Holdings Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported second quarter results, reflecting the material impact of the COVID-19 pandemic on Hilton's business.

Hilton's second quarter results were significantly impacted by the COVID-19 pandemic, with a net loss of $432 million and an 81.0 percent decrease in system-wide comparable RevPAR. However, as restrictions lifted and properties reopened, the company saw improved occupancy, particularly in the U.S. and Asia Pacific regions.

  • Diluted EPS was $(1.55) for the second quarter, and diluted EPS, adjusted for special items, was $(0.61).
  • Net loss was $432 million for the second quarter.
  • Adjusted EBITDA was $51 million for the second quarter.
  • System-wide comparable RevPAR decreased 81.0 percent on a currency neutral basis for the second quarter from the same period in 2019.

Headline financials

Total Revenue

$564M

Previous: $2.48B-77.3%
EPS (adj)

-$0.61

Previous: $1.06-157.5%
System-wide RevPAR

$21.67

Previous: $114.18-81.0%
Capital Expenditures

-$30M

Previous: -$46M+34.8%
Free Cash Flow

-$460M

Previous: $214M-315.0%
Net Income

-$430M

Previous: $260M-265.4%
Operating Income

-$302M

Previous: $478M-163.2%
Gross Profit

-$85M

Previous: $692M-112.3%
Cash & Equivalents

$3.5B

Previous: $635M+451.7%
Total Assets

$17.1B

Previous: $15.1B+13.1%
Stock-Based Comp

$12M

Previous: $47M-74.5%

Revenue & EPS history

Hilton · Revenue · Quarterly

$564M

Q2 2020-77.3%vs Q2 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Hilton · $176M total across 5 segments · Q2 2020

  • Franchise & Licensing Fees
    $132M-70.3%
  • Ownership
    $31M-92.0%
  • Other Revenues
    $10M-61.5%
  • Base & Other Mgmt Fees
    $8M-91.0%
  • Incentive Mgmt Fees
    -$5M-108.6%

Forward guidance

No specific forward guidance provided.

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 Q2 2020

Historical avgQ2 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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