Hilton Grand Vacations Reports First Quarter 2025 Results
ORLANDO, Fla. (May. 1, 2025) – Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV” or “the Company”) today reports its first quarter 2025 results.
First Quarter of 2025 highlights[1]
- Total contract sales were $721 million, an increase of 14% compared to the first quarter of 2024, or 10% on a pro forma basis.
- Member count was 725,000. Consolidated Net Owner Growth (NOG) for the 12 months ended March 31, 2025, was 0.9%.
- Total revenues for the first quarter of 2025 were $1.148 billion compared to $1.156 billion for the same period in 2024.
- Total revenues were affected by a net deferral of $126 million in the current period compared to a net recognition of $2 million in the same period in 2024.
- Net loss attributable to stockholders for the first quarter was $(17) million compared to $(4) million net loss attributable to stockholders for the same period in 2024.
- Adjusted net income attributable to stockholders for the first quarter was $9 million compared to $99 million for the same period in 2024.
- Net income attributable to stockholders and adjusted net income attributable to stockholders were affected by a net deferral of $68 million in the current period compared to a net recognition of $3 million in the same period in 2024.
- Diluted EPS for the first quarter was $(0.17) compared to $(0.04) for the same period in 2024.
- Adjusted diluted EPS for the first quarter was $0.09 compared to $0.95 for the same period in 2024.
- Diluted EPS and adjusted diluted EPS were affected by a net deferral of $68 million in the current period compared to a net recognition of $3 million in the same period in 2024, or $(0.71) and $0.03 per share in the current period and the same period in 2024, respectively.
- Adjusted EBITDA attributable to stockholders for the first quarter was $180 million compared to $273 million for the same period in 2024.
- Adjusted EBITDA attributable to stockholders was affected by a net deferral of $68 million in the current period compared to a net recognition of $3 million in the same period in 2024.
- During the first quarter, the Company repurchased 3.9 million shares of common stock for $150 million.
- From April 1 through April 24, 2025, the Company repurchased approximately 1.8 million shares for $60 million and currently has $218 million of remaining availability under the share repurchase program.
- The Company is reiterating its prior guidance for the full year 2025 Adjusted EBITDA, excluding deferrals and recognitions, of $1.125 billion to $1.165 billion.
“We delivered solid results for the quarter, with our new offerings and the teams’ diligent commitment to our process improvements and efficiency efforts combining to produce strong growth in transactions, VPG and contract sales,” said Mark Wang, CEO of Hilton Grand Vacations. “We carried good momentum into April – with continued traction from our launch of HGV Max to our Bluegreen members along with sales of our new Ka Haku project – and our leading demand indicators remain steady. We’ve also taken proactive steps to maintain that momentum in the face of increased uncertainty due to the recent macroeconomic and market volatility, with additional initiatives aimed at further improving our efficiency, strengthening our value proposition, and improving our member engagement. These initiatives will support our earnings and cash flow goals in the short term, as well as drive additional value creation for the business over the long term.”
[1]The Company’s current period results and prior year results include impacts related to deferrals of revenues and direct expenses related to the Sales of Vacation Ownership Intervals or Vacation Ownership Interests (“VOIs”) under construction that are recognized when construction is complete. These impacts are reflected in the sub-bullets.