NYSE$HLT
Hilton Worldwide Holdings Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Hilton's Q4 2022 results surpassed expectations, with system-wide RevPAR meaningfully exceeding pre-pandemic levels, driven by growth across all segments.
Hilton Worldwide Holdings Inc. reported strong fourth quarter and full year 2022 results, surpassing expectations. Diluted EPS for the fourth quarter was $1.21, and adjusted diluted EPS was $1.59. Net income was $333 million, and adjusted EBITDA was $740 million. System-wide comparable RevPAR increased 24.8 percent compared to the same period in 2021 and 7.5 percent compared to 2019.
- Diluted EPS was $1.21 for the fourth quarter and $4.53 for the full year, exceeding the high end of guidance.
- System-wide comparable RevPAR increased 24.8 percent for the fourth quarter compared to the same period in 2021.
- Approved 24,400 new rooms for development during the fourth quarter, bringing Hilton's development pipeline to 416,400 rooms as of December 31, 2022.
- Repurchased 3.8 million shares of Hilton common stock during the fourth quarter, bringing total capital return, including dividends, to $542 million for the quarter.
Headline financials
Revenue & EPS history
Hilton · Revenue · Quarterly
$2.44B
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
Full Year 2023 System-wide comparable RevPAR is expected to increase between 4 percent and 8 percent on a comparable and currency neutral basis compared to 2022; full year net income is projected to be between $1,382 million and $1,454 million; full year Adjusted EBITDA is projected to be between $2,800 million and $2,900 million
Tailwinds
- System-wide comparable RevPAR, on a currency neutral basis, is expected to increase between 4 percent and 8 percent compared to 2022.
- Diluted EPS is projected to be between $5.10 and $5.36.
- Diluted EPS, adjusted for special items, is projected to be between $5.42 and $5.68.
- Net income is projected to be between $1,382 million and $1,454 million.
- Adjusted EBITDA is projected to be between $2,800 million and $2,900 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 Q4 2022
+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 | — | — | — |
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