Hilton

Hilton (HLT) Q1 2025 Earnings

Reported Apr 29, 2025 at 6:02 AM ET · SEC Source

Q1 25 EPS

$1.72

BEAT +7.02%

Est. $1.61

Q1 25 Revenue

$2.70B

MISS 0.72%

Est. $2.71B

vs S&P Since Q1 25

+14.4%

BEATING MARKET

HLT +48.9% vs S&P +34.5%

Market Reaction

Did HLT Beat Earnings? Q1 2025 Results

Hilton Worldwide delivered a mixed but broadly encouraging first quarter, posting adjusted diluted EPS of $1.72 against a consensus estimate of $1.61, a beat of 7.02%, even as total revenue of $2.69 billion came in fractionally below the $2.71 billio… Read more Hilton Worldwide delivered a mixed but broadly encouraging first quarter, posting adjusted diluted EPS of $1.72 against a consensus estimate of $1.61, a beat of 7.02%, even as total revenue of $2.69 billion came in fractionally below the $2.71 billion Wall Street had expected. Revenue still grew 4.7% year-over-year, supported by system-wide comparable RevPAR expansion of 2.5% on a currency-neutral basis, with gains in both occupancy and average daily rate driving the improvement. Management and franchise fee revenues climbed 5.1%, underpinning adjusted EBITDA of $795 million and a margin that widened to 73.7% from 70.4% a year ago. Hilton also added 186 hotels in the quarter and pushed its global pipeline to over 503,400 rooms across 123 countries, though the company acknowledged macro headwinds, including tariff risks and softer overseas travel trends evident in certain urban markets. Looking ahead, management narrowed its full-year RevPAR growth outlook to flat to 2.0% and guided full-year adjusted EPS to $7.76 to $7.94, projecting roughly $3.30 billion in total capital returns for 2025.

Key Takeaways

  • System-wide comparable RevPAR increased 2.5% on a currency neutral basis driven by increases in both occupancy and ADR
  • Management and franchise fee revenues increased 5.1% year-over-year
  • Net unit growth of 7.2% from March 31, 2024
  • Adjusted EBITDA margin expanded to 73.7% from 70.4% year-over-year
  • Development pipeline of 503,400 rooms across 123 countries and territories
24/7 Wall St

HLT YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

HLT Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We are pleased with our first quarter results, with strong bottom line performance, even with somewhat weaker macroeconomic conditions. Additionally, we expect our industry-leading brands and powerful commercial engines to continue to drive strong net unit growth. Overall, we remain optimistic about our growth opportunities and are well positioned to continue creating value for our stakeholders in 2025 and beyond.”

— Christopher J. Nassetta, Q1 2025 Earnings Press Release