NYSE$HLT

Hilton Worldwide Holdings Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported solid second quarter results with RevPAR increase and record development pipeline.

Hilton reported a solid second quarter with a 3.5% increase in RevPAR and a record development pipeline, up 15% from the prior year. Diluted EPS was $1.67, adjusted for special items, was $1.91. Net income was $422 million, and Adjusted EBITDA was $917 million.

  • Diluted EPS was $1.67 for the second quarter, and diluted EPS, adjusted for special items, was $1.91.
  • Net income was $422 million for the second quarter.
  • Adjusted EBITDA was $917 million for the second quarter.
  • System-wide comparable RevPAR increased 3.5 percent, on a currency neutral basis, for the second quarter compared to the same period in 2023.

Headline financials

Total Revenue

$2.95B

Previous: $2.66B+10.9%
EPS

$1.67

Previous: $1.63+2.5%
System-wide RevPAR

$122.40

Previous: $12.10+911.6%
Adjusted EBITDA

$917M

No prior period
Capital Expenditures

-$31M

Previous: -$74M+58.1%
Free Cash Flow

$390M

Previous: $337M+15.7%
Net Income

$421M

Previous: $411M+2.4%
Operating Income

$725M

Previous: $674M+7.6%
Cash & Equivalents

$731M

Previous: $806M-9.3%
Total Assets

$15.7B

Previous: $15.3B+2.9%
Stock-Based Comp

$55M

Previous: $52M+5.8%

Revenue & EPS history

Hilton · Revenue · Quarterly

$2.95B

Q2 2024+10.9%vs Q2 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Hilton · $1.16B total across 5 segments · Q2 2023

  • Franchise & Licensing Fees
    $618M+13.4%
  • Ownership
    $341M+20.9%
  • Base & Other Mgmt Fees
    $86M+14.7%
  • Incentive Mgmt Fees
    $69M+50.0%
  • Other Revenues
    $46M+84.0%

Forward guidance

Full year 2024 system-wide RevPAR is projected to increase between 2.0 percent and 3.0 percent on a comparable and currency neutral basis compared to 2023; full year net income is projected to be between $1,532 million and $1,555 million; full year Adjusted EBITDA is projected to be between $3,375 million and $3,405 million

Tailwinds

  • System-wide comparable RevPAR, on a currency neutral basis, is projected to increase between 2.0 percent and 3.0 percent compared to 2023.
  • Diluted EPS is projected to be between $6.06 and $6.15.
  • Diluted EPS, adjusted for special items, is projected to be between $6.93 and $7.03.
  • Net income is projected to be between $1,532 million and $1,555 million.
  • Adjusted EBITDA is projected to be between $3,375 million and $3,405 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 Q2 2024

Historical avgQ2 2024

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro