Filing Flows › Hyatt Hotels (H) › Q3 2025
Hyatt Hotels (H) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Hyatt Hotels (H) reported revenue of $1.8B for the third quarter 2025 (Q3 2025), +10% from a year earlier and -1% from the quarter before. Operating margin was -1.0%, net loss $50.0M (2.8% of revenue).
Hyatt Hotels, Q3 2025: revenue $1.8B (+10% year over year), operating margin -1.0%, net loss $50.0M, operating cash flow −$20.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -1% | +10% |
| Operating profit | −$17.0M | -145% | — |
| Net earnings | −$50.0M | — | — |
| Operating cash flow | −$20.0M | — | — |
What changed
Revenue was $1.8B in Q3 2025, up 10% year over year and down 1% from the previous quarter. Owned and leased was the largest line at 24% of revenue. Owned and leased added $0.14B year over year (up 49%), 90% of the total change. Distribution declined 13%.
Operating costs exceeded revenue by $0.02B, an operating margin of -1.0%. Total costs grew 77% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+86%). The quarter ended with a net loss of $0.05B, wider than the previous quarter's $4.0M loss.
Operating cash flow was −$0.02B. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.07B exceeded it, leaving free cash flow of −$0.09B.
Questions
What was Hyatt Hotels' revenue in the third quarter 2025?
Hyatt Hotels (H) reported revenue of $1.8B for the third quarter 2025 (Q3 2025), +10% from a year earlier and -1% from the quarter before.
Was Hyatt Hotels profitable in the third quarter 2025?
Operating loss was $17.0M (-1.0% of revenue) and net loss $50.0M.
Source: Hyatt Hotels 10-Q on SEC EDGAR.