Filing Flows › Park Hotels & Resorts (PK) › Q2 2025
Park Hotels & Resorts (PK) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Park Hotels & Resorts (PK) reported revenue of $672M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +7% from the quarter before. Operating margin was 9.7%, net loss $2.0M (0.3% of revenue).
Park Hotels & Resorts, Q2 2025: revenue $672M (-2% year over year), operating margin 9.7%, net loss $2.0M, operating cash flow $108M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $672M | +7% | -2% |
| Operating profit | $65.0M | +829% | — |
| Net earnings | −$2.0M | — | — |
| Operating cash flow | $108M | +26% | -8% |
| Free cash flow | $65.0M | +622% | -2% |
What changed
Revenue was $672.0M in Q2 2025, down 2% year over year and up 7% from the previous quarter. Rooms was the largest line at 60% of revenue. Rooms lost $15.0M year over year (down 4%), 107% of the total change.
Operating profit was $65.0M, a 9.7% margin (down 8.0 points year over year). Total costs grew 7% against a revenue fall of 2%. The quarter ended with a net loss of $2.0M, narrower than the previous quarter's $57.0M loss. Net interest and other expense of $66.0M was the main reason.
Operating cash flow was $108.0M (down 8% year over year). Non-cash charges added back $122.0M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $17.0M. Capital expenditures of $43.0M left free cash flow of $65.0M.
Questions
What was Park Hotels & Resorts' revenue in the second quarter 2025?
Park Hotels & Resorts (PK) reported revenue of $672M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +7% from the quarter before.
Was Park Hotels & Resorts profitable in the second quarter 2025?
Operating profit was $65.0M (9.7% of revenue) and net loss $2.0M.