Q1 25 EPS
$0.46
BEAT +28.82%
Est. $0.36
Q1 25 Revenue
$1.72B
BEAT +0.59%
Est. $1.71B
vs S&P Since Q1 25
+27.4%
BEATING MARKET
H +61.0% vs S&P +33.5%
Market Reaction
Did H Beat Earnings? Q1 2025 Results
Hyatt Hotels delivered a clear beat to open 2025, posting adjusted diluted EPS of $0.46 against a consensus estimate of $0.36, a 28.82% positive surprise, while revenue of $1.72 billion edged ahead of the $1.71 billion forecast and surged 88.4% year … Read more Hyatt Hotels delivered a clear beat to open 2025, posting adjusted diluted EPS of $0.46 against a consensus estimate of $0.36, a 28.82% positive surprise, while revenue of $1.72 billion edged ahead of the $1.71 billion forecast and surged 88.4% year over year. The headline driver was the company's ongoing asset-light transformation, with gross fees climbing 16.9% to $307 million and Adjusted EBITDA rising to $273 million, even as GAAP net income fell sharply to $20 million from $522 million a year ago, the prior-year figure having been inflated by $403 million in real estate sale gains. Comparable system-wide RevPAR grew 5.7% in constant dollars, led by an 8.1% gain across luxury brands and 11.2% growth in Asia Pacific excluding Greater China. Net rooms grew 10.5%, bolstered by the addition of The Venetian Resort Las Vegas. Looking ahead, Hyatt projects full-year RevPAR growth of 1%-3% and Adjusted EBITDA of $1.08 billion to $1.14 billion, acknowledging recent softening in shorter-term booking behavior amid broader macroeconomic uncertainty.
Key Takeaways
- • Business transient and group travel drove system-wide and U.S. RevPAR growth
- • Easter timing shift from Q1 2024 to Q2 2025 benefited Q1 2025 RevPAR
- • Bahia Principe and Standard International transactions contributed approximately $17 million to gross fee growth
- • Base management fees increased 16% driven by managed hotel RevPAR growth and newly-opened hotels
- • Incentive management fees grew 18% led by newly-opened hotels, Americas all-inclusive resorts, favorable FX, and Asia Pacific
- • Franchise and other fees expanded 17% due to non-RevPAR fee contributions and U.S. RevPAR growth
- • Comparable owned and leased margin increased by 70 bps year over year
- • World of Hyatt membership grew 22% year over year to approximately 56 million members
H YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
H Revenue by Segment
With YoY comparisons, source: SEC Filings
“In the face of growing volatility in the economy and financial markets, we continue to deliver strong performance, highlighted by our first quarter results. As we look ahead, recent shifts in booking behavior—particularly in shorter-term demand—have led us to modestly revise our outlook for the remainder of the year. That said, we remain confident in the resilience of our asset-light business model, the strength of our brand portfolio, and our ability to adapt to evolving market conditions. We are excited about the momentum in our pipeline and the continued strong demand we're seeing for our brands around the world.”
— Mark S. Hoplamazian, Q1 2025 Earnings Press Release
H Earnings Trends
H vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
H EPS Trend
Earnings per share: estimate vs actual
H Revenue Trend
Quarterly revenue: estimate vs actual
H Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.57 | $0.63 | +10.76% | $1.75B | +0.79% |
| Q4 25 BEAT FY | $0.34 | $1.33 | +285.62% | $1.79B | -0.27% |
| FY Full Year | $1.43 | $2.19 | +53.08% | $7.10B | +0.66% |
| Q3 25 MISS | $0.49 | $-0.30 | -161.79% | $1.79B | -1.30% |
| Q2 25 BEAT | $0.67 | $0.68 | +1.83% | $1.81B | +3.60% |
| Q1 25 BEAT | $0.36 | $0.46 | +28.82% | $1.72B | +0.59% |