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Dec 31, 2022

Ryman Q4 2022 Earnings Report

Reported strong fourth quarter and full year results driven by the return of core convention customers and continued strength in leisure business.

Key Takeaways

Ryman Hospitality Properties reported strong Q4 and full year 2022 results, with record revenue, operating income, and Adjusted EBITDAre for the year. The Gaylord Hotels delivered a tremendous holiday season, aided by the return of ICE! programming. The Entertainment segment also delivered strong results, including record-setting full year revenue, operating income and Adjusted EBITDAre.

Strategic investments made since the beginning of 2020 have strengthened the business.

Robust return of core convention customers and continued strength in leisure business drove healthy net income.

Gaylord Hotels delivered a tremendous holiday season, aided by the return of ICE! programming.

Entertainment segment continued to deliver strong results in 2022.

Total Revenue
$569M
Previous year: $377M
+50.7%
EPS
$1.94
Previous year: $0.94
+106.4%
RevPAR
$174
Previous year: $119
+45.3%
ADR
$259
Previous year: $227
+14.0%
Occupancy
67.01%
Previous year: 52.6%
+27.4%
Gross Profit
$176M
Previous year: $94.1M
+86.8%
Cash and Equivalents
$334M
Previous year: $141M
+137.5%
Total Assets
$5.93B
Previous year: $3.97B
+49.3%

Ryman

Ryman

Ryman Revenue by Segment

Forward Guidance

The following business performance outlook for 2023 is based on current information as of February 23, 2023.

Revenue & Expenses

Visualization of income flow from segment revenue to net income