NYSE$HLT

Hilton Worldwide Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported strong fourth quarter and full year results driven by continued recovery and strategic growth initiatives.

Hilton's Q4 2021 results showed significant improvement compared to 2020, driven by increased travel and tourism. Diluted EPS was $0.52, adjusted for special items, was $0.72. System-wide comparable RevPAR increased 104.2 percent. The company added 16,100 rooms to its system in the fourth quarter.

  • Diluted EPS was $0.52 for the fourth quarter, and diluted EPS, adjusted for special items, was $0.72 for the fourth quarter.
  • Net income was $148 million for the fourth quarter.
  • Adjusted EBITDA was $512 million for the fourth quarter.
  • System-wide comparable RevPAR increased 104.2 percent for the fourth quarter.

Headline financials

Total Revenue

$1.84B

Previous: $890M+106.3%
EPS (adj)

$0.72

Previous: -$0.10+820.0%
System-wide RevPAR

$84.14

Previous: $59.20+42.1%
Capital Expenditures

$18M

Previous: $8M+125.0%
Free Cash Flow

$113M

Previous: -$146M+177.4%
Net Income

$148M

Previous: -$225M+165.8%
Operating Income

$333M

Previous: -$195M+270.8%
Gross Profit

$494M

Previous: $126M+292.1%
Cash & Equivalents

$1.43B

Previous: $3.26B-56.3%
Total Assets

$15.4B

Previous: $16.8B-7.8%
Stock-Based Comp

$49M

Previous: $60M-18.3%

Revenue & EPS history

Hilton · Revenue · Quarterly

$1.84B

Q4 2021+106.3%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Hilton · $774M total across 5 segments · Q4 2021

  • Franchise & Licensing Fees
    $431M
  • Ownership
    $222M
  • Base & Other Mgmt Fees
    $60M
  • Incentive Mgmt Fees
    $38M
  • Other Revenues
    $23M

Forward guidance

Full year 2022 net unit growth is expected to be approximately 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 Q4 2021

Historical avgQ4 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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