Filing Flows › Park Hotels & Resorts (PK) › Q3 2026 › vs Q2 2026
Park Hotels & Resorts (PK) Q3 2026 vs Q2 2026 (quarter over quarter)
Park Hotels & Resorts's revenue fell $78.0M (-11%) from $680M in Q2 2026 to $602M in Q3 2026. The biggest changes: Food and beverage −$42.0M (-22%); Rooms −$34.0M (-8%); Ancillary hotel −$3.0M (-4%).
Park Hotels & Resorts, Q3 2026: revenue $602M (-1% year over year), operating margin 6.3%, net loss $15.0M, operating cash flow $115M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 9.6% | 11.3% | -1.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Rooms | $367M | $401M | −$34.0M | -8% |
| Food and beverage | $146M | $188M | −$42.0M | -22% |
| Ancillary hotel | $64.0M | $67.0M | −$3.0M | -4% |
| Other | $25.0M | $24.0M | $1.0M | +4% |
| Revenue | $602M | $680M | −$78.0M | -11% |
| Income tax benefit | $1.0M | −$5.0M | $6.0M | — |
| Net loss | $15.0M | −$50.0M | $65.0M | — |
| Costs & expenses | $618M | $680M | −$62.0M | -9% |
| Operating costs | $564M | $585M | −$21.0M | -4% |
| Interest & other, net | $54.0M | $40.0M | $14.0M | +35% |
| General & admin | $22.0M | $20.0M | $2.0M | +10% |
| Other operating costs | $542M | $565M | −$23.0M | -4% |
| Operating cash sources | $130M | $91.0M | $39.0M | +43% |
| Depreciation & amortization | $74.0M | $66.0M | $8.0M | +12% |
| Share-based compensation | $5.0M | $6.0M | −$1.0M | -17% |
| Working capital & other | $51.0M | $19.0M | $32.0M | +168% |
| Net loss absorbed | $15.0M | −$50.0M | $65.0M | — |
| Operating cash flow | $115M | $141M | −$26.0M | -18% |
| Free cash flow (OCF − capex) | $58.0M | $77.0M | −$19.0M | -25% |
| Capital expenditures | $57.0M | $64.0M | −$7.0M | -11% |
Questions
How much did Park Hotels & Resorts's revenue grow quarter over quarter in Q3 2026?
Park Hotels & Resorts's revenue fell $78.0M (-11%) from $680M in Q2 2026 to $602M in Q3 2026.
What drove Park Hotels & Resorts's revenue change in Q3 2026?
Food and beverage −$42.0M (-22%); Rooms −$34.0M (-8%); Ancillary hotel −$3.0M (-4%).