Q2 25 EPS
$0.68
BEAT +1.83%
Est. $0.67
Q2 25 Revenue
$1.81B
BEAT +3.60%
Est. $1.75B
vs S&P Since Q2 25
+18.6%
BEATING MARKET
H +36.5% vs S&P +18.0%
Market Reaction
Did H Beat Earnings? Q2 2025 Results
Hyatt Hotels delivered a double beat in the second quarter of 2025, with adjusted diluted EPS of $0.68 edging past the $0.67 consensus estimate by 1.83% and revenue of $1.81 billion topping expectations by 3.60%, reflecting a 110.0% year-over-year su… Read more Hyatt Hotels delivered a double beat in the second quarter of 2025, with adjusted diluted EPS of $0.68 edging past the $0.67 consensus estimate by 1.83% and revenue of $1.81 billion topping expectations by 3.60%, reflecting a 110.0% year-over-year surge driven almost entirely by the transformative $2.60 billion acquisition of Playa Hotels, completed June 17. The quarter's defining story, however, was Hyatt's near-simultaneous announcement to sell Playa's entire real estate portfolio to a KSL Capital and Rodina joint venture for $2.00 billion, paired with 50-year management agreements on 13 resorts, a move that crystallizes the company's asset-light strategy. On a GAAP basis, Hyatt posted a net loss of $3.00 million, compared to net income of $359.00 million a year ago, as $350.00 million in prior-year real estate gains and $82.00 million in transaction costs skewed the comparison. Looking ahead, management guided full-year consolidated adjusted EBITDA of $1.16 billion to $1.22 billion, with system-wide RevPAR growth of 1% to 3% and roughly $300.00 million in planned shareholder returns.
Key Takeaways
- • Luxury chain scales drove RevPAR growth in Q2
- • Base management fees increased 13% driven by managed hotel RevPAR growth and newly-opened hotels
- • Incentive management fees grew 15% led by newly-opened hotels, all-inclusive resorts, U.S. resorts, and favorable FX
- • Bahia Principe and Standard International transactions contributed approximately $11 million or 42% of total gross fees growth
- • World of Hyatt membership grew 21% to approximately 58 million members
- • All-inclusive resorts posted 8.6% Net Package RevPAR growth
- • Middle East & Africa led geographic RevPAR growth at 14.0%
H YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
H Revenue by Segment
With YoY comparisons, source: SEC Filings
“The second quarter's results reflect solid performance across our business, including strong fee contribution in a lower RevPAR growth environment. As we look ahead, we are encouraged by recent booking trends, leaving us optimistic about improving performance in the fourth quarter and into next year. We are confident that we will continue to deliver strong financial results as we leverage our brand-led strategy and long history of industry leading net rooms growth.”
— Mark S. Hoplamazian, Q2 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% |