NYSE$HLT

Hilton Worldwide Holdings Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Hilton's third quarter results reflected recovery from the adverse impact of the COVID-19 pandemic, with strong leisure travel and continued pickup in business travel.

Hilton Worldwide Holdings Inc. reported its third quarter 2021 results, showing recovery from the COVID-19 pandemic with strong leisure travel and a pickup in business travel. Diluted EPS was $0.86, net income was $240 million, and Adjusted EBITDA was $519 million. System-wide comparable RevPAR increased 98.7 percent compared to 2020 but decreased 18.8 percent compared to 2019.

  • Diluted EPS was $0.86 for the third quarter, and diluted EPS, adjusted for special items, was $0.78.
  • Net income was $240 million for the third quarter.
  • Adjusted EBITDA was $519 million for the third quarter.
  • System-wide comparable RevPAR increased 98.7 percent on a currency neutral basis for the third quarter from the same period in 2020.

Headline financials

Total Revenue

$1.75B

Previous: $933M+87.5%
EPS (adj)

$0.78

Previous: $0.06+1200.0%
System-wide RevPAR

$90.39

Previous: $44.95+101.1%
Capital Expenditures

-$17M

Previous: -$38M+55.3%
Free Cash Flow

$224M

Previous: -$117M+291.5%
Net Income

$241M

Previous: -$79M+405.1%
Operating Income

$432M

Previous: $11M+3827.3%
Gross Profit

$605M

Previous: $197M+207.1%
Cash & Equivalents

$1.29B

Previous: $3.41B-62.2%
Total Assets

$15.3B

Previous: $17.1B-10.6%
Stock-Based Comp

$52M

Previous: $25M+108.0%

Revenue & EPS history

Hilton · Revenue · Quarterly

$1.75B

Q3 2021+87.5%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Hilton · $743M total across 5 segments · Q3 2021

  • Franchise & Licensing Fees
    $451M
  • Ownership
    $199M
  • Base & Other Mgmt Fees
    $49M
  • Incentive Mgmt Fees
    $26M
  • Other Revenues
    $18M

Forward guidance

Full year 2021 net unit growth is expected to be between 5.0 percent and 5.5 percent

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 Q3 2021

Historical avgQ3 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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