Hilton Worldwide Holdings (NYSE:HLT) announced Q4 results that exceeded expectations for earnings and revenues.
In the fourth quarter, Hilton reported an EPS of $1.68, surpassing the $1.56 forecast. The company’s quarterly revenue also slightly beat expectations at $2.61 billion, against a consensus of $2.6 billion.
The hotel operator expanded its portfolio to 7,530 locations, marking a 5.1% growth from the previous year and exceeding the anticipated 7,500 locations.
Hilton’s adjusted EBITDA margin saw an improvement to 69.3%, up from 68.6% the year prior, and outdid the 66.9% forecast by analysts.
For the 2024 fiscal year, Hilton forecasts an EPS range of $6.80 to $6.94, below the analyst consensus of $7.07.