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Hilton Grand Vacations Q1 2025 Earnings Report
Hilton Grand Vacations reported its first quarter 2025 results with decreases in revenue, net income, and EPS compared to the prior year.
Key Takeaways
Hilton Grand Vacations reported a decrease in revenue, net income, and EPS for the first quarter of 2025 compared to the same period in 2024, significantly impacted by revenue deferrals. Despite this, the company saw an increase in contract sales and maintained steady leading demand indicators.
Total contract sales for the first quarter of 2025 were $721 million, a 14% increase compared to the first quarter of 2024.
Total revenues for the first quarter of 2025 were $1.148 billion, a slight decrease from $1.156 billion in the same period of 2024.
The net loss attributable to stockholders was $(17) million for the first quarter, compared to a net loss of $(4) million in the prior year.
Diluted EPS for the first quarter was $(0.17), a decrease from $(0.04) in the first quarter of 2024.
Forward Guidance
The company is reiterating its prior guidance for the full year 2025 Adjusted EBITDA, excluding deferrals and recognitions, of $1.125 billion to $1.165 billion.
Positive Outlook
- Continued traction from the launch of HGV Max to Bluegreen members.
- Sales of the new Ka Haku project are contributing positively.
- Leading demand indicators remain steady.
- Additional initiatives are aimed at further improving efficiency.
- Initiatives are designed to strengthen the value proposition and improve member engagement.
Challenges Ahead
- Increased uncertainty due to recent macroeconomic volatility.
- Increased uncertainty due to recent market volatility.
- Net deferral of $126 million in revenue impacted current period results.
- Net deferral of $68 million in net income impacted current period results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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