Hilton's earnings call highlighted strong financial performance, significant development milestones, and robust growth in conversions. However, the company faces challenges with modestly negative RevPAR, particularly in the U.S. and China. Despite these challenges, Hilton remains optimistic about its development pipeline and future growth prospects.

Company Guidance -

Q3 2025

During Hilton's Second Quarter 2025 Earnings Conference Call, significant guidance was provided regarding various financial metrics and development strategies. The company reported adjusted EBITDA exceeding $1 billion, despite a slight 50 basis point year-over-year decline in system-wide RevPAR. Adjusted EPS also surpassed expectations. Hilton returned $1.7 billion to shareholders year-to-date and aims to return approximately $3.3 billion by year-end. The company anticipates full-year RevPAR growth of 0% to 2%, with improving trends in the fourth quarter. Development highlights include a 7.5% net unit growth, the opening of 221 hotels, and a robust pipeline of over 510,000 rooms. Hilton plans to introduce new luxury and lifestyle hotels, with an emphasis on conversions, and aims for 6% to 7% net unit growth for the full year. The company also emphasized its strategic focus on expanding its lifestyle and luxury portfolios, noting the importance of the Waldorf Astoria New York reopening and the debut of several new brands by year-end.

Adjusted EBITDA Exceeds Expectations

Adjusted EBITDA for the quarter exceeded $1 billion, meaningfully beating expectations despite a modestly negative system-wide RevPAR.

Strong Shareholder Returns

Year-to-date, Hilton returned $1.7 billion to shareholders through buybacks and dividends, and is on track to return approximately $3.3 billion for the full year.

Development Milestone Achieved

Hilton opened 221 hotels totaling more than 26,000 rooms, representing a 52% year-over-year increase excluding acquisitions and partnerships, achieving net unit growth of 7.5%.

Luxury and Lifestyle Expansion

Hilton celebrated the opening of its 1,000th property in the luxury and lifestyle categories and announced plans to open 3 new luxury and lifestyle hotels per week in 2025.

Strong Conversion Growth

Conversions accounted for over 1/3 of openings in the quarter, with conversion spans across 10 brands. Hilton plans to continue this growth with the upcoming launches of new conversion brands.

Successful Brand Performance

Hilton Honors membership reached more than 226 million, up 16% year-over-year, with membership now evenly split between U.S. and international travelers.

Hilton Worldwide Holdings (HLT) Earnings, Revenues Date & History

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HLT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	2.08 / -	1.92	―	―	―
Jul 23, 2025	2025 (Q2)	2.05 / 2.20	1.91	15.18% (+0.29)	―
Apr 29, 2025	2025 (Q1)	1.61 / 1.72	1.53	12.42% (+0.19)	―
Feb 06, 2025	2024 (Q4)	1.68 / 1.76	1.68	4.76% (+0.08)	―
Oct 23, 2024	2024 (Q3)	1.84 / 1.92	1.67	14.97% (+0.25)	―
Aug 07, 2024	2024 (Q2)	1.86 / 1.91	1.63	17.18% (+0.28)	―
Apr 24, 2024	2024 (Q1)	1.41 / 1.53	1.24	23.39% (+0.29)	―
Feb 07, 2024	2023 (Q4)	1.57 / 1.68	1.59	5.66% (+0.09)	―
Oct 25, 2023	2023 (Q3)	1.67 / 1.67	1.31	27.48% (+0.36)	―
Jul 26, 2023	2023 (Q2)	1.58 / 1.63	1.29	26.36% (+0.34)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HLT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$273.84	$266.85	-2.55%
Apr 29, 2025	$221.46	$226.27	+2.17%
Feb 06, 2025	$257.55	$270.07	+4.86%
Oct 23, 2024	$237.71	$233.09	-1.94%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.