Core Insights - The article discusses the author's investment philosophy, which incorporates various strategies including fundamental, technical, and momentum investing [1]. Group 1: Investment Strategies - The author emphasizes the importance of a diversified approach to investing, utilizing the strengths of fundamental, technical, and momentum strategies [1]. - The focus is on managing personal capital accumulated over the years, indicating a shift towards individual investment management [1]. Group 2: Purpose of Writing - The article serves as a platform for tracking the performance of investment ideas and connecting with like-minded investors [1].

Group 1 - The core viewpoint of the articles highlights the increasing importance of electric vehicle (EV) charging stations in the hotel industry, significantly influencing travelers' booking decisions [1][2][3] - Hilton has equipped over 1,800 hotels globally with EV charging stations, leading to a higher likelihood of room bookings when guests search for this facility [1][2] - The company aims to reduce carbon emissions intensity by 75% for its hotels and 56% for franchised hotels by 2030, with these targets certified by the Science Based Targets initiative (SBTi) [1][2] Group 2 - Hilton has signed an agreement with Tesla to install 20,000 charging stations in North American hotels, aiming to create the largest overnight EV charging network in the hotel industry [2] - Other hotel brands, such as Marriott, Radisson, Hyatt, Accor, Wyndham, and Best Western, are also rapidly deploying EV charging facilities across their properties [2][3] - Approximately 25% of U.S. hotels currently offer EV charging services, with this percentage rising quickly, and properties with charging facilities tend to have higher booking rates and revenue [3]

Core Insights - Hilton Worldwide reported Q2 2025 results that exceeded analyst expectations for both earnings per share and revenue, driven by fee revenue growth despite a slight decline in revenue per available room (RevPAR) [1][5][11] Financial Performance - Adjusted EPS for Q2 2025 was $2.20, surpassing the estimate of $2.05 and reflecting a year-over-year increase of 15.2% [2] - Total revenue reached $3.14 billion, exceeding the estimate of $3.10 billion and showing a 6.3% increase from $2.95 billion in Q2 2024 [2] - Net income rose to $442 million, up 4.7% from $422 million in the previous year [2] - Adjusted EBITDA increased to $1.01 billion, a 9.9% rise compared to $917 million in Q2 2024 [2] Business Model and Strategy - Hilton operates an asset-light business model, focusing on managing and franchising hotels rather than owning properties, which reduces capital requirements and generates steady income from management and franchise fees [3] - The company is expanding its global portfolio, particularly outside the United States, and relies on its diversified brand offerings and loyalty program to drive repeat business [4] Market Trends - System-wide comparable RevPAR declined by 0.5% to $121.79, ending a streak of gains and reflecting softer demand and international headwinds [2][6] - Regional performance varied, with the U.S. experiencing a decline in RevPAR, while international markets, particularly the Middle East and Africa, showed double-digit growth [7][8] Growth and Development - Hilton's growth pipeline reached a record number of rooms, with nearly half under construction and more than half located outside the U.S., highlighting its geographic diversification strategy [9] - The company added thousands of rooms during the period, with a significant portion of new openings resulting from conversions of existing hotels [9] Financial Management - Net debt increased, but the leverage ratio remained stable, with the company returning capital to shareholders through buybacks and maintaining a quarterly dividend of $0.15 per share [10][12] Future Outlook - Management reaffirmed guidance for flat to 2.0% growth in system-wide comparable RevPAR for the full year 2025, with adjusted EPS projected between $7.83 and $8.00 [11] - Short-term headwinds include economic uncertainty and reduced U.S. government spending, but management remains optimistic about improved travel demand in the intermediate term [11]

Core Insights - The demand for pet-friendly services is increasing due to the growing number of pet owners and the expanding pet market in China [2][3] - Hilton Group is enhancing its pet-friendly services across nearly 160 hotels, offering complimentary pet food, toys, and other amenities [2][5][7] Pet Market Growth - According to the "2025 China Pet Industry White Paper," the number of pets in China is projected to reach 124.11 million by 2024, a 2.1% increase from 2023 [3] - The number of pet dogs is expected to grow by 1.6% to 52.58 million, while pet cats will increase by 2.5% to 71.53 million [3] Industry Trends - The concept of "pet-friendly spaces" is expanding, with various industries, including hospitality, FMCG, and commercial real estate, collaborating to enhance the pet economy [5] - Hilton's partnership with Didi Chuxing aims to integrate pet-friendly travel experiences, enhancing the overall travel experience for pet owners [5][15] Service Enhancements - Hilton's upgraded pet-friendly services include free pet food, toys, and other gifts, in addition to existing amenities [5][11] - Specific pet policies vary by hotel, with some locations allowing pets under certain weight limits and requiring deposits and cleaning fees [9][11] Search Trends and Consumer Behavior - There has been an 80% increase in searches for "pet-friendly hotels" during the summer, particularly among younger travelers [12] - The demand for pet-friendly accommodations is reflected in booking trends, with a 21% increase in orders for such hotels in 2024 compared to the previous year [13] Transportation and Travel Services - The pet travel service market is projected to exceed 32 billion yuan in 2024, with a compound annual growth rate of approximately 10% [20] - Various transportation sectors, including airlines and railways, are beginning to offer pet travel services, indicating a growing trend in accommodating pets during travel [17][20] Challenges and Opportunities - Despite the growth in pet travel services, challenges remain, including regulatory gaps and the need for standardized service protocols [20] - The increasing number of pet owners and evolving consumer preferences present opportunities for businesses to innovate and expand their offerings in the pet travel and accommodation sectors [20]

Group 1: Market Overview - The pet market in China has surpassed 300 billion yuan in 2024, with the pet accommodation market estimated at around 10 billion yuan, expected to maintain rapid growth in the coming years [1] - The overall pet economy in China has exceeded 700 billion yuan, with a growing trend of young people considering pets as family members, leading to a strong demand for pet-friendly accommodations [4] Group 2: Hilton Group Initiatives - Hilton Group has announced a comprehensive upgrade of pet-friendly services across nearly 160 hotels, including customized pet-themed activities and strategic cooperation with Didi Chuxing to offer targeted coupons [1] - Hilton's pet-friendly offerings include immersive experiences, such as dedicated outdoor spaces and themed dining options, with significant increases in pet guest numbers, reaching 2.5 times the previous year during the May Day holiday [1] Group 3: Industry Trends and Competitors - Other hotel brands, such as Kimpton and Hualuxe, are also enhancing their pet-friendly services, including specialized staff teams and dedicated pet amenities, to capture market share in the pet-friendly segment [3] - The collaboration between Hilton and Didi Chuxing addresses transportation challenges for pet owners, enhancing the overall travel experience for guests with pets [2]

Financial Data and Key Metrics Changes - Adjusted EBITDA for the quarter exceeded $1,000,000,000, significantly beating expectations, despite a modestly negative system-wide RevPAR [6][19] - Adjusted EPS also exceeded expectations, with diluted earnings per share adjusted for special items at $2.20 [20] - Year-to-date, the company returned $1,700,000,000 to shareholders through buybacks and dividends, on track to return approximately $3,300,000,000 for the full year [7][26] Business Line Data and Key Metrics Changes - System-wide RevPAR decreased by 50 basis points year-over-year, driven by declines in occupancy and modest rate growth [19] - Leisure transient RevPAR grew by 1%, while business transient RevPAR decreased by 2% due to various factors including government spending declines and broader economic uncertainty [8][19] - Group RevPAR was roughly flat, with favorable trends in company meetings offset by soft convention business [9] Market Data and Key Metrics Changes - U.S. RevPAR decreased by 1.5%, largely due to pressure across business transient and group segments [20] - In the Americas outside the U.S., RevPAR increased by 3.8%, driven by strength in the luxury and lifestyle portfolio [21] - Middle East and Africa region saw a 10.3% increase in RevPAR, while Asia Pacific's RevPAR was up 0.3%, with APAC ex-China increasing by 5.2% [22][23] Company Strategy and Development Direction - The company opened 221 hotels totaling over 26,000 rooms, representing a 52% year-over-year increase, achieving net unit growth of 7.5% [11] - Plans to welcome three new luxury and lifestyle hotels per week in 2025, with a focus on expanding in strategic markets [15] - The company aims for net unit growth solidly within the 6% to 7% range for the full year, supported by a strong development pipeline of over 510,000 rooms [25][63] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the intermediate-term outlook, citing a favorable regulatory environment and expected economic growth driven by significant investments across various industries [10][41] - The company anticipates RevPAR growth of flat to up 2% for the full year, with improving trends expected in the fourth quarter [26] - Management noted that the current operating environment is characterized by a thawing of the "wait and see" attitude among corporate clients, indicating potential growth in demand [39][108] Other Important Information - Hilton Honors membership grew to over 226 million, up 16% year-over-year, reflecting the strength of the company's global reach [16] - The company was named the most valuable hotel brand for the tenth consecutive year, highlighting its competitive position in the industry [17] Q&A Session Summary Question: Insights on different segments (leisure, business, group) - Management noted relative strength in leisure and weakness in business transient and group segments, with expectations for a more normalized fourth quarter [28][32] Question: Development trends in China amidst RevPAR declines - Management expects modest declines in China but remains optimistic about long-term development opportunities due to undersupply in the market [48][55] Question: Confidence in net unit growth - Management reinforced confidence in achieving 6% to 7% net unit growth, driven by strong conversion activity and a robust development pipeline [60][63] Question: Momentum in luxury segment and its implications - Management emphasized the importance of luxury and lifestyle brands for overall network effect and loyalty, while acknowledging they won't be the primary source of profitability [66][72] Question: Current environment for conversions and key money usage - Management reported that 33% of deals in the quarter were conversions, with expectations to increase to 40% for the year, while key money usage remains consistent [78][81] Question: Timing of non-RevPAR fees - Management clarified that the timing of termination fees and other non-RevPAR items was largely built into guidance, with some fees coming in earlier than expected [86][87]

```markdown PART I. FINANCIAL INFORMATION [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Hilton's H1 2025 financial statements reflect decreased assets and increased deficit, alongside improved net income and operating cash flow [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets decreased, liabilities increased, and stockholders' deficit widened due to repurchases Balance Sheet Summary (in millions) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $371 | $1,301 | | Total Assets | $15,904 | $16,522 | | Long-term debt | $10,909 | $10,616 | | Total Liabilities | $20,453 | $20,211 | | Total stockholders' deficit | ($4,590) | ($3,727) | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2025 revenues grew to **$3.14 billion** and net income to **$440 million**, reflecting overall positive performance for the first half Q2 Performance Comparison (in millions, except per share data) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | Total Revenues | $3,137 | $2,951 | | Operating Income | $778 | $725 | | Net Income Attributable to Hilton | $440 | $421 | | Diluted EPS | $1.84 | $1.67 | Six-Month Performance Comparison (in millions, except per share data) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Total Revenues | $5,832 | $5,524 | | Operating Income | $1,314 | $1,258 | | Net Income Attributable to Hilton | $740 | $686 | | Diluted EPS | $3.07 | $2.71 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) H1 2025 operating cash flow significantly increased to **$1.11 billion**, while financing activities used **$1.96 billion**, primarily for stock repurchases Cash Flow Summary (in millions) | Activity | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $1,110 | $767 | | Net cash used in investing activities | ($86) | ($318) | | Net cash used in financing activities | ($1,960) | ($506) | | Net decrease in cash | ($928) | ($73) | - Repurchases of common stock were a primary use of cash, totaling **$1.644 billion** in the first six months of 2025, an increase from **$1.402 billion** in the same period of 2024[16](index=16&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail recent acquisitions, debt management, and the **Management and Franchise** segment's **$1.75 billion** Adjusted EBITDA as a key profitability driver - In May 2024, the company acquired the **Graduate brand** for **$210 million**, and in April 2024, it acquired a controlling interest in the **Sydell Group**, which owns the **NoMad brand**[22](index=22&type=chunk)[23](index=23&type=chunk) - In May 2025, the company repaid **$500 million** of Senior Notes at maturity. In July 2025, it issued **$1.0 billion** of new 5.750% Senior Notes due 2033 and used proceeds to repay outstanding borrowings on its Revolving Credit Facility[33](index=33&type=chunk)[34](index=34&type=chunk) Segment Adjusted EBITDA (in millions) | Segment | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Management and franchise | $1,745 | $1,635 | | Ownership | $65 | $69 | | **Total Segment Adjusted EBITDA** | **$1,810** | **$1,704** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=19&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses global expansion, resilient performance with **1.0%** H1 RevPAR growth, a robust development pipeline, strong liquidity, and significant stock repurchases [Overview and System Growth](index=19&type=section&id=Overview%20and%20System%20Growth) Hilton's portfolio expanded to **8,807** properties and **1.3 million** rooms, with Hilton Honors reaching **226 million** members and a **510,600** room development pipeline - As of June 30, 2025, Hilton's system included **8,807** properties and **1,304,879** rooms, with **226 million** Hilton Honors members, a **16%** increase from the prior year[66](index=66&type=chunk) Development Pipeline as of June 30, 2025 | Metric | Hotels | Rooms | | :--- | :--- | :--- | | Net additions (H1 2025) | 360 | 36,600 | | Development pipeline (total) | 3,636 | 510,600 | - Net unit growth from June 30, 2024 to June 30, 2025 was **7.5%**[71](index=71&type=chunk) [Results of Operations](index=23&type=section&id=Results%20of%20Operations) Q2 2025 system-wide RevPAR declined **0.5%** (U.S. down **1.5%**), while H1 RevPAR grew **1.0%**, and Q2 Adjusted EBITDA rose to **$1.008 billion** Comparable Hotel RevPAR Change (Q2 2025 vs. Q2 2024) | Region | RevPAR Change | | :--- | :--- | | System-wide | (0.5)% | | U.S. | (1.5)% | | Americas (excluding U.S.) | 3.8% | | Europe | 2.0% | | MEA | 10.3% | | Asia Pacific | 0.3% | - The RevPAR decline in the U.S. for Q2 2025 was attributed to increased macroeconomic uncertainty and unfavorable holiday shifts, which led to a decline in group and business travel[83](index=83&type=chunk) Adjusted EBITDA Reconciliation Summary (in millions) | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | Net Income | $442 | $422 | $742 | $690 | | Adjusted EBITDA | $1,008 | $917 | $1,803 | $1,667 | [Liquidity and Capital Resources](index=27&type=section&id=Liquidity%20and%20Capital%20Resources) Hilton maintains strong liquidity with **$448 million** cash, **$1.11 billion** H1 operating cash flow, and managed debt, including **$1.6 billion** in stock repurchases - During the first six months of 2025, the company repurchased approximately **6.9 million** shares of common stock for **$1.6 billion**. As of June 30, 2025, **$2.8 billion** remained available under the stock repurchase program[109](index=109&type=chunk) - In May 2025, the company repaid the **$500 million** May 2025 Senior Notes. In July 2025, it issued **$1.0 billion** of 5.750% Senior Notes due 2033 and used proceeds to repay all **$515 million** of outstanding debt under its Revolving Credit Facility[108](index=108&type=chunk)[34](index=34&type=chunk) Net Cash Flow Summary (in millions) | Activity | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $1,110 | $767 | | Net cash used in financing activities | ($1,960) | ($506) | [Quantitative and Qualitative Disclosures About Market Risk](index=29&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risks are from SOFR and foreign currency exchange rates, with no material changes since year-end 2024 - The company's primary market risk exposures are from changes in one-month SOFR and foreign currency exchange rates[122](index=122&type=chunk) - The company's exposure to market risk has not materially changed from what was disclosed in its Annual Report on Form 10-K for the fiscal year ended December 31, 2024[122](index=122&type=chunk) [Controls and Procedures](index=30&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal controls over financial reporting - Based on an evaluation, the CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the period covered by the report[123](index=123&type=chunk) - There were no material changes to the company's internal control over financial reporting during the most recent fiscal quarter[124](index=124&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=31&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course legal proceedings, which management believes will not materially affect its financial position or results - Hilton is involved in various claims and lawsuits from the ordinary course of business, but believes the ultimate outcome will not have a material adverse effect on its consolidated financial position, results of operations, or cash flows[127](index=127&type=chunk) [Risk Factors](index=31&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors have occurred since the Annual Report on Form 10-K for the fiscal year ended December 31, 2024 - As of June 30, 2025, there were no material changes from the risk factors disclosed in the Annual Report on Form 10-K for the year ended December 31, 2024[128](index=128&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=31&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered equity sales; Q2 2025 saw **3.2 million** shares repurchased for **$755 million**, with **$2.8 billion** remaining for future repurchases Issuer Purchases of Equity Securities (Q2 2025) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 2025 | 1,212,907 | $213.14 | | May 2025 | 924,191 | $245.08 | | June 2025 | 1,073,380 | $252.09 | | **Total** | **3,210,478** | **$235.36** | - As of the end of June 2025, approximately **$2.78 billion** remained available for purchase under the company's stock repurchase program[131](index=131&type=chunk) [Other Items (Defaults, Mine Safety, Other Info, Exhibits)](index=31&type=section&id=Other%20Items) No defaults on senior securities, mine safety disclosures are not applicable, and no Rule 10b5-1 trading arrangement changes were reported - Item 3: No defaults upon senior securities were reported[132](index=132&type=chunk) - Item 4: Mine Safety Disclosures are not applicable[133](index=133&type=chunk) - Item 5: No director or officer adopted, modified, or terminated a Rule 10b5-1 trading arrangement during the quarter[135](index=135&type=chunk) ```

Financial Data and Key Metrics Changes - Adjusted EBITDA for the quarter exceeded $1,000,000,000, significantly beating expectations, despite a modestly negative system-wide RevPAR [5][19] - Adjusted EPS also exceeded expectations, with diluted earnings per share adjusted for special items at $2.20 [20] - Year-to-date, the company returned $1,700,000,000 to shareholders through buybacks and dividends, on track to return approximately $3,300,000,000 for the full year [6][25] Business Line Data and Key Metrics Changes - System-wide RevPAR decreased by 50 basis points year-over-year, driven by declines in occupancy and modest rate growth [19][20] - Leisure transient RevPAR grew by 1%, while business transient RevPAR decreased by 2% due to various factors including government spending declines and broader economic uncertainty [7][19] - Group RevPAR was roughly flat, with positive trends in company meetings offset by soft convention business [8][19] Market Data and Key Metrics Changes - U.S. RevPAR decreased by 1.5%, largely due to pressure across business transient and group segments [20] - In the Americas outside the U.S., RevPAR increased by 3.8%, driven by strength in the luxury and lifestyle portfolio [21] - The Middle East and Africa region saw a 10.3% increase in RevPAR, while Asia Pacific's RevPAR was up 0.3%, with a 5.2% increase in APAC ex China [22][23] Company Strategy and Development Direction - The company opened 221 hotels totaling over 26,000 rooms, representing a 52% year-over-year increase, achieving net unit growth of 7.5% [11][24] - Plans to welcome three new luxury and lifestyle hotels per week in 2025 were announced, with a focus on expanding in strategic markets [12][15] - The company aims for net unit growth solidly within the 6% to 7% range for the full year, supported by a robust development pipeline of over 510,000 rooms [15][24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the intermediate-term outlook, citing a favorable regulatory environment and expected economic growth driven by significant investments across various industries [10][41] - The company anticipates RevPAR growth of flat to up 2% for the full year, with improving trends expected in the fourth quarter [9][25] - Management noted that the current operating environment is characterized by a thawing of the "wait and see" attitude among corporate clients, indicating potential for increased demand [32][106] Other Important Information - Hilton Honors membership grew to over 226 million, up 16% year-over-year, reflecting the strength of the company's global reach [16] - The company was named the most valuable hotel brand for the tenth consecutive year, highlighting its competitive positioning [17] - The company continues to focus on conversion-friendly brands, which accounted for over a third of openings in the quarter [13][75] Q&A Session Summary Question: Insights on different segments (leisure, business, group) - Management noted relative strength in leisure and weakness in business transient and group segments, with expectations for a more normalized fourth quarter [28][31] Question: Development trends in China amidst RevPAR declines - Management expects modest declines in China but remains optimistic about long-term growth due to undersupply in the market [46][50] Question: Confidence in net unit growth - Management reinforced confidence in achieving 6% to 7% net unit growth, driven by strong conversion activity and a robust development pipeline [57][60] Question: Momentum in luxury segment and its implications - Management emphasized the importance of luxury and lifestyle brands for overall network effect and customer loyalty, while not being the primary source of profitability [64][70] Question: Current environment for conversions and key money usage - Management reported that 33% of deals in the quarter were conversions, with a disciplined approach to key money usage [74][78] Question: Timing of non-RevPAR fees - Management clarified that the timing of non-RevPAR fees was largely built into guidance, with some fees coming in earlier than expected [80][82]

Core Insights - Hilton Worldwide Holdings Inc. reported strong second-quarter 2025 results, with earnings and revenues exceeding the Zacks Consensus Estimate, showing year-over-year growth [1][3][8] Financial Performance - Adjusted earnings per share (EPS) for Q2 2025 were $2.20, surpassing the consensus estimate of $2.04, and up from $1.91 in the same quarter last year [3][8] - Total revenues reached $3.14 billion, beating the consensus mark of $3.08 billion, and reflecting a 6.3% increase year-over-year [3][8] - Adjusted EBITDA was reported at $1 billion, a 9.9% increase from the previous year, exceeding the estimate of $958.7 million [5][8] Revenue Streams - Franchise and licensing fees improved to $745 million from $689 million year-over-year, aligning with estimates [3] - Base and other management fees rose to $97 million from $93 million, while incentive management fees increased by 10.3% to $75 million [4] RevPAR and Occupancy - System-wide comparable RevPAR declined by 0.5% year-over-year on a currency-neutral basis, attributed to occupancy declines [5][8] - The company anticipates stronger RevPAR performance in the future due to improving travel demand and limited industry supply growth [2] Development and Expansion - Hilton added 221 hotels in Q2 2025, contributing 26,100 rooms and achieving net room growth of 22,600 [9][11] - The development pipeline includes 3,636 hotels representing 510,600 rooms across 128 countries, with expected net unit growth of 6-7% for 2025 [11] Future Outlook - For Q3 2025, Hilton projects net income between $453-$467 million and adjusted EBITDA between $935 million and $955 million, with adjusted EPS expected to be between $1.98 and $2.04 [12] - For the full year 2025, net income is estimated to be in the range of $1.64-$1.68 billion, with adjusted EBITDA between $3.65 billion and $3.71 billion [13][14]

Company Performance - Hilton Worldwide Holdings Inc. reported quarterly earnings of $2.2 per share, exceeding the Zacks Consensus Estimate of $2.04 per share, and up from $1.91 per share a year ago, representing an earnings surprise of +7.84% [1] - The company posted revenues of $3.14 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.99% and increasing from $2.95 billion year-over-year [2] - Over the last four quarters, Hilton has consistently surpassed consensus EPS estimates and revenue estimates [2] Stock Movement and Outlook - Hilton Worldwide shares have increased approximately 10.8% since the beginning of the year, outperforming the S&P 500's gain of 7.3% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is $2.14 on revenues of $3.06 billion, and for the current fiscal year, it is $7.92 on revenues of $11.85 billion [7] Industry Context - The Hotels and Motels industry, to which Hilton belongs, is currently ranked in the bottom 20% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [5][6]