Q1 25 EPS
$0.46
BEAT +318.18%
Est. $0.11
Q1 25 Revenue
$630.0M
BEAT +2.28%
Est. $616.0M
vs S&P Since Q1 25
+16.9%
BEATING MARKET
PK +50.8% vs S&P +34.0%
Market Reaction
Did PK Beat Earnings? Q1 2025 Results
Park Hotels & Resorts delivered a sharply mixed first quarter, posting Adjusted FFO per diluted share of $0.46 against a consensus estimate of just $0.11, a beat of 318.18%, while revenue of $630.00 million edged past the $615.97 million estimate by … Read more Park Hotels & Resorts delivered a sharply mixed first quarter, posting Adjusted FFO per diluted share of $0.46 against a consensus estimate of just $0.11, a beat of 318.18%, while revenue of $630.00 million edged past the $615.97 million estimate by 2.28%, though it still slipped 1.4% from the year-ago period. The headline numbers masked considerable underlying pressure: a $70.00 million impairment and casualty loss charge drove a GAAP diluted loss of $0.29 per share, compared to earnings of $0.13 a year ago, while Adjusted EBITDA fell to $144.00 million from $162.00 million and comparable Hotel Adjusted EBITDA margin contracted 280 basis points to 24.9%. Occupancy softness was a recurring theme, including at the New York Hilton Midtown, where declining overseas arrivals weighed on performance. Group demand at select marquee properties offered a partial offset, but Park trimmed its full-year outlook, now guiding Adjusted FFO per share at $1.79 to $2.09 and comparable RevPAR at $185 to $191, with tariff impacts explicitly excluded from its assumptions.
Key Takeaways
- • Group demand growth at resort and urban hotels, including 66%+ group revenue increase at Hilton Waikoloa Village
- • Post-renovation performance at Bonnet Creek Orlando (RevPAR +14%) and Casa Marina Key West (RevPAR +12%)
- • Super Bowl demand boosted Hilton New Orleans Riverside RevPAR by over 5%
- • Hilton Chicago group revenues increased nearly 22% driven by corporate demand
- • Comparable ADR increased 2.3% to $256.62
- • Transient demand acceleration in Chicago and New York urban markets
PK YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
PK Revenue by Segment
With YoY comparisons, source: SEC Filings
“I am very encouraged by our first quarter results, with Comparable RevPAR remaining essentially flat despite a tough comparison to last year when our portfolio significantly outperformed in almost every market, which resulted in first quarter 2024 Comparable RevPAR growth of nearly 8% as compared to the same period in 2023. Our Bonnet Creek complex in Orlando and Casa Marina – Key West hotels continue to lead our portfolio following their transformative renovations, with first quarter RevPAR increasing 14% and 12%, respectively, while transient demand accelerated in several of our key urban markets, including Chicago and New York.”
— Thomas J. Baltimore, Jr., Q1 2025 Earnings Press Release
PK Earnings Trends
PK vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PK EPS Trend
Earnings per share: estimate vs actual
PK Revenue Trend
Quarterly revenue: estimate vs actual
PK Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.08 | $0.45 | +462.50% | $622.0M | +2.40% |
| Q4 25 BEAT FY | $0.10 | $0.51 | +427.40% | $629.0M | +1.08% |
| FY Full Year | $0.55 | $1.97 | +258.18% | $2.54B | +0.15% |
| Q3 25 BEAT | $0.04 | $0.35 | +708.31% | $610.0M | +0.05% |
| Q2 25 BEAT | $0.25 | $0.64 | +156.00% | $672.0M | +0.45% |
| Q1 25 BEAT | $0.11 | $0.46 | +318.18% | $630.0M | +2.28% |