Filing Flows › Park Hotels & Resorts (PK) › Q3 2025
Park Hotels & Resorts (PK) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Park Hotels & Resorts (PK) reported revenue of $610M for the third quarter 2025 (Q3 2025), -6% from a year earlier and -9% from the quarter before. Operating margin was 9.7%, net loss $14.0M (2.3% of revenue).
Park Hotels & Resorts, Q3 2025: revenue $610M (-6% year over year), operating margin 9.7%, net loss $14.0M, operating cash flow $99.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $610M | -9% | -6% |
| Operating profit | $59.0M | -9% | — |
| Net earnings | −$14.0M | — | — |
| Operating cash flow | $99.0M | -8% | -29% |
| Free cash flow | $31.0M | -52% | -68% |
What changed
Revenue was $610.0M in Q3 2025, down 6% year over year and down 9% from the previous quarter. Rooms was the largest line at 61% of revenue. Rooms lost $33.0M year over year (down 8%), 85% of the total change.
Operating profit was $59.0M, a 9.7% margin (down 5.0 points year over year). Total costs fell 1% while revenue fell 6%. The quarter ended with a net loss of $14.0M, wider than the previous quarter's $2.0M loss. Net interest and other expense of $67.0M was the main reason.
Operating cash flow was $99.0M (down 29% year over year). Non-cash charges added back $78.0M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items added $30.0M. Capital expenditures of $68.0M left free cash flow of $31.0M.
Questions
What was Park Hotels & Resorts' revenue in the third quarter 2025?
Park Hotels & Resorts (PK) reported revenue of $610M for the third quarter 2025 (Q3 2025), -6% from a year earlier and -9% from the quarter before.
Was Park Hotels & Resorts profitable in the third quarter 2025?
Operating profit was $59.0M (9.7% of revenue) and net loss $14.0M.