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Jun 30, 2020

Hilton Q2 2020 Earnings Report

Reported second quarter results, reflecting the material impact of the COVID-19 pandemic on Hilton's business.

Key Takeaways

Hilton's second quarter results were significantly impacted by the COVID-19 pandemic, with a net loss of $432 million and an 81.0 percent decrease in system-wide comparable RevPAR. However, as restrictions lifted and properties reopened, the company saw improved occupancy, particularly in the U.S. and Asia Pacific regions.

Diluted EPS was $(1.55) for the second quarter, and diluted EPS, adjusted for special items, was $(0.61).

Net loss was $432 million for the second quarter.

Adjusted EBITDA was $51 million for the second quarter.

System-wide comparable RevPAR decreased 81.0 percent on a currency neutral basis for the second quarter from the same period in 2019.

Total Revenue
$564M
Previous year: $2.48B
-77.3%
EPS
-$0.61
Previous year: $1.06
-157.5%
System-wide RevPAR
21.67%
Previous year: 114.18%
-81.0%
Gross Profit
-$85M
Previous year: $692M
-112.3%
Cash and Equivalents
$3.58B
Previous year: $635M
+463.0%
Free Cash Flow
$799M
Previous year: $263M
+203.8%
Total Assets
$983M
Previous year: $15.1B
-93.5%

Hilton

Hilton

Hilton Revenue by Segment

Forward Guidance

No specific forward guidance provided.

Revenue & Expenses

Visualization of income flow from segment revenue to net income