Q1 2023 Earnings

Revenue

$333M+29.1% YoY

Gross Profit

$147M44.2% margin

Operating Income

$78M23.4% margin

Net Income

$53M15.9% margin

EPS (Diluted)

$1.02

QoQ Revenue Growth

-8.1%

Operating Cash Flow

$12M

Free Cash Flow

-$9M

Stock-Based Comp.

$11M

Total Assets

$2.1B

Total Liabilities

$2.1B

Stockholders' Equity

$47M

Cash & Equivalents

$32M

Metric	Current	Year Ago	Change
Revenue	$333M	$258M	+29.1%
Gross Profit	$147M	$136M	+8.3%
Operating Income	$78M	$99M	-21.7%
Net Income	$53M	$67M	-21.6%

Other Revenues From Franchised And Managed Properties

$171M51%

Royalty, Licensing And Management Fees

$107M32%

Owned Hotels

$22M7%

Platform and Procurement Services

$14M4%

Other Revenue Topic 606 And Not Topic 606

$11M3%

Initial Franchise Fees

$8M2%