Q2 2023 Earnings

Revenue

$427M+16.2% YoY

Gross Profit

$202M47.3% margin

Operating Income

$124M29.1% margin

Net Income

$85M19.8% margin

EPS (Diluted)

$1.65

QoQ Revenue Growth

+28.4%

Operating Cash Flow

$114M

Free Cash Flow

$87M

Stock-Based Comp.

$13M

Total Assets

$2.2B

Total Liabilities

$2.1B

Stockholders' Equity

$55M

Cash & Equivalents

$36M

Metric	Current	Year Ago	Change
Revenue	$427M	$368M	+16.2%
Gross Profit	$202M	$203M	-0.7%
Operating Income	$124M	$157M	-20.9%
Net Income	$85M	$106M	-20.2%

Other Revenues From Franchised And Managed Properties

$214M50%

Royalty, Licensing And Management Fees

$140M33%

Platform and Procurement Services

$29M7%

Owned Hotels

$26M6%

Other Revenue Topic 606 And Not Topic 606

$11M3%

Initial Franchise Fees

$7M2%