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Dec 31, 2020
Marriott Q4 2020 Earnings Report
Materially impacted by the COVID-19 global pandemic and efforts to contain it.
Key Takeaways
Marriott International reported fourth-quarter 2020 results, which were materially impacted by the COVID-19 global pandemic. The company's reported operating loss totaled $128 million, compared to 2019 fourth-quarter reported operating income of $274 million. Adjusted EBITDA totaled $317 million in the fourth quarter, compared to $901 million in the fourth quarter of 2019.
Fourth quarter 2020 comparable systemwide constant dollar RevPAR declined 64.1 percent worldwide, 64.6 percent in the U.S. & Canada, and 62.7 percent in international markets, compared to the 2019 fourth quarter.
Fourth quarter reported diluted loss per share totaled $0.50, compared to reported diluted EPS of $0.85 in the year-ago quarter. Fourth quarter adjusted diluted EPS totaled $0.12, compared to fourth quarter 2019 adjusted diluted EPS of $1.51.
Fourth quarter reported net loss totaled $164 million, compared to reported net income of $279 million in the year-ago quarter. Fourth quarter adjusted net income totaled $39 million, compared to fourth quarter 2019 adjusted net income of $498 million.
Adjusted EBITDA totaled $317 million in the 2020 fourth quarter, compared to fourth quarter 2019 adjusted EBITDA of $901 million.
Revenue by Segment
Forward Guidance
Marriott cannot presently estimate the impact of this unprecedented situation on its future results, which is highly dependent on the severity and duration of the pandemic and its impacts, but expects that COVID-19 will continue to be material to the company’s results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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