PK Q3 2024 Earnings — Park Hotels & Resorts Inc. Revenue & Financial Results | Market Cap Arena

PKPark Hotels & Resorts Inc.

$2B

Q3 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$649M-4.4% YoY

Gross Profit

$181M27.9% margin

Operating Income

$95M14.6% margin

Net Income

$54M8.3% margin

EPS (Diluted)

$0.26

QoQ Revenue Growth

-5.4%

Cash Flow

Operating Cash Flow

$140M

Free Cash Flow

$97M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$9.2B

Total Liabilities

$5.5B

Stockholders' Equity

$3.8B

Cash & Equivalents

$480M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$649M	$679M	-4.4%
Gross Profit	$181M	$187M	-3.2%
Operating Income	$95M	$85M	+11.8%
Net Income	$54M	$27M	+100.0%

Revenue Segments

Occupancy

$403M62%

Food and Beverage

$157M24%

Ancillary Hotel

$68M10%

Hotel, Other

$21M3%