NYSE$HLT
Hilton Worldwide Holdings Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported third quarter results with diluted EPS of $1.38 and adjusted EPS of $1.92, net income of $344 million, and adjusted EBITDA of $904 million.
Hilton's third quarter 2024 results showed strong bottom-line performance exceeding guidance despite slower top-line growth due to macro trends and weather impacts. The company opened a record 36,600 rooms, surpassing 8,000 hotels, and achieved net unit growth of 7.8 percent.
- Diluted EPS was $1.38 for the third quarter, and diluted EPS, adjusted for special items, was $1.92.
- Net income was $344 million for the third quarter.
- Adjusted EBITDA was $904 million for the third quarter.
- System-wide comparable RevPAR increased 1.4 percent, on a currency neutral basis, for the third quarter compared to the same period in 2023.
Headline financials
Revenue & EPS history
Hilton · Revenue · Quarterly
$2.87B
Revenue by segment
Hilton · $1.16B total across 5 segments · Q2 2023
- Franchise & Licensing Fees$618M+13.4%53.3%
- Ownership$341M+20.9%29.4%
- Base & Other Mgmt Fees$86M+14.7%7.4%
- Incentive Mgmt Fees$69M+50.0%5.9%
- Other Revenues$46M+84.0%4.0%
Forward guidance
Hilton provided guidance for the full year and fourth quarter of 2024, including system-wide RevPAR, diluted EPS, net income, and Adjusted EBITDA.
Tailwinds
- Full year 2024 system-wide RevPAR is projected to increase between 2.0 percent and 2.5 percent compared to 2023.
- Full year 2024 net income is projected to be between $1,405 million and $1,429 million.
- Full year 2024 Adjusted EBITDA is projected to be between $3,375 million and $3,405 million.
- Full year 2024 capital return is projected to be approximately $3.0 billion.
- Net unit growth for 2025 is expected to be between 6.0 percent and 7.0 percent.
Headwinds
- System-wide comparable RevPAR for fourth quarter 2024 is projected to increase between 1.0 percent and 2.0 percent compared to the fourth quarter of 2023.
- Diluted EPS for fourth quarter 2024 is projected to be between $1.49 and $1.59.
- Diluted EPS, adjusted for special items, for fourth quarter 2024 is projected to be between $1.57 and $1.67.
- Net income for fourth quarter 2024 is projected to be between $371 million and $395 million.
- Adjusted EBITDA for fourth quarter 2024 is projected to be between $804 million and $834 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 Q3 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
| Quarter | Report date | Reaction (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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