Filing Flows › Park Hotels & Resorts (PK) › Q1 2025
Park Hotels & Resorts (PK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Park Hotels & Resorts (PK) reported revenue of $630M for the first quarter 2025 (Q1 2025), -1% from a year earlier and +0.8% from the quarter before. Operating margin was 1.1%, net loss $57.0M (9.0% of revenue).
Park Hotels & Resorts, Q1 2025: revenue $630M (-1% year over year), operating margin 1.1%, net loss $57.0M, operating cash flow $86.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $630M | +0.8% | -1% |
| Operating profit | $7.0M | — | — |
| Net earnings | −$57.0M | — | — |
| Operating cash flow | $86.0M | +7% | -7% |
| Free cash flow | $9.0M | -47% | -59% |
What changed
Revenue was $630.0M in Q1 2025, down 1% year over year and up 1% from the previous quarter. Rooms was the largest line at 58% of revenue. Rooms lost $11.0M year over year (down 3%), 122% of the total change.
Operating profit was $7.0M, a 1.1% margin (down 13.3 points year over year). Total costs grew 14% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+14%). The quarter ended with a net loss of $57.0M, after a profit of $73.0M the previous quarter. Net interest and other expense of $63.0M was the main reason.
Operating cash flow was $86.0M (down 7% year over year). Non-cash charges added back $69.0M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $70.0M. Capital expenditures of $77.0M left free cash flow of $9.0M.
Questions
What was Park Hotels & Resorts' revenue in the first quarter 2025?
Park Hotels & Resorts (PK) reported revenue of $630M for the first quarter 2025 (Q1 2025), -1% from a year earlier and +0.8% from the quarter before.
Was Park Hotels & Resorts profitable in the first quarter 2025?
Operating profit was $7.0M (1.1% of revenue) and net loss $57.0M.