Filing Flows › Hyatt Hotels (H) › Q1 2025
Hyatt Hotels (H) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Hyatt Hotels (H) reported revenue of $1.7B for the first quarter 2025 (Q1 2025), +0.2% from a year earlier and +7% from the quarter before. Operating margin was 3.0%, net earnings $20.0M (1.2% of revenue).
Hyatt Hotels, Q1 2025: revenue $1.7B (+0.2% year over year), operating margin 3.0%, net earnings $20.0M, operating cash flow $153M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +7% | +0.2% |
| Operating profit | $52.0M | — | -90% |
| Net earnings | $20.0M | — | -96% |
| Operating cash flow | $153M | -35% | -37% |
| Free cash flow | $123M | -33% | -41% |
What changed
Revenue was $1.7B in Q1 2025, roughly flat year over year and up 7% from the previous quarter. Revenues for reimbursed costs was the largest line at 52% of revenue. Revenues for reimbursed costs added $0.08B year over year (up 10%), 2100% of the total change. Food and beverage declined 45%.
Operating profit was $0.05B, a 3.0% margin (down 28.5 points year over year). Operating profit fell $0.49B even though revenue rose $4.0M versus a year earlier, so costs grew faster than sales. Total costs grew 42% against flat revenue. The fastest-growing cost line was Other operating costs (+53%). Net earnings were $0.02B, down 96% year over year. The effective tax rate was 53.8%.
Operating cash flow was $0.15B (down 37% year over year), 638% of net income including minority interests. Non-cash charges added back $0.08B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $0.03B left free cash flow of $0.12B.
Questions
What was Hyatt Hotels' revenue in the first quarter 2025?
Hyatt Hotels (H) reported revenue of $1.7B for the first quarter 2025 (Q1 2025), +0.2% from a year earlier and +7% from the quarter before.
Was Hyatt Hotels profitable in the first quarter 2025?
Operating profit was $52.0M (3.0% of revenue) and net earnings $20.0M.
Source: Hyatt Hotels 10-Q on SEC EDGAR.