Q3 25 EPS
$-0.30
MISS 161.79%
Est. $0.49
Q3 25 Revenue
$1.79B
MISS 1.30%
Est. $1.81B
vs S&P Since Q3 25
+19.4%
BEATING MARKET
H +30.5% vs S&P +11.1%
Market Reaction
Did H Beat Earnings? Q3 2025 Results
Hyatt Hotels delivered a disappointing third quarter, missing on both the top and bottom lines as the Playa Hotels acquisition reshaped its financial profile in ways that overshadowed underlying business momentum. Adjusted diluted EPS came in at $-0.… Read more Hyatt Hotels delivered a disappointing third quarter, missing on both the top and bottom lines as the Playa Hotels acquisition reshaped its financial profile in ways that overshadowed underlying business momentum. Adjusted diluted EPS came in at $-0.30, falling well short of the $0.49 consensus estimate by 161.79%, while revenue of $1.79 billion, though up 134.4% year over year largely reflecting the Playa consolidation, trailed expectations by 1.30%. The net loss of $49 million stood in stark contrast to Q3 2024's $471 million profit, a swing driven primarily by the absence of prior-year real estate sale gains, compounded by $35 million in restructuring charges and $29 million in unconsolidated hospitality venture losses tied to the Playa deal. Encouragingly, gross fees rose 5.9% to $283 million and Adjusted EBITDA grew 5.6% to $291 million, signaling resilience in the core fee business. Looking ahead, Hyatt guided to consolidated full-year Adjusted EBITDA of $1.16 billion to $1.20 billion including Playa, with a planned $2.00 billion property sale expected to close by year-end and help retire the $1.70 billion delayed draw term loan.
Key Takeaways
- • Luxury chain scales drove RevPAR growth in Q3
- • Leisure transient RevPAR was the strongest area of growth
- • Net Package RevPAR increased 7.6%, reflecting strong luxury all-inclusive travel
- • Base management fees increased 10%, driven by managed hotel RevPAR growth outside the U.S. and newly-opened hotels
- • Group RevPAR negatively impacted by ~100 bps due to Rosh Hashanah timing shift
- • Distribution segment EBITDA declined due to lower booking volumes and lapping of one-time ALG Vacations travel credits
H YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
H Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our third quarter results reflect the strength of our core fee business and our disciplined approach to cost management. As we continue our evolution to a brand-led organization, we are focused on elevating guest experiences, deepening customer loyalty through World of Hyatt, and expanding into high-growth segments and geographies. Looking into the fourth quarter and beyond, we believe our high-end customer base, robust pipeline with significant white space for growth, and rapidly expanding loyalty program position us to drive sustained growth and create long-term value for our shareholders.”
— Mark S. Hoplamazian, Q3 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% |