PK - Park Hotels & Resorts reports Q2 earnings beat; issues Q3 FFO guidance below estimates
- Park Hotels & Resorts press release ( NYSE: PK ): Q2 FFO of $0.61 beats by $0.14 .
- Revenue of $695M (+115.2% Y/Y) beats by $37.62M .
- Adjusted EBITDA was $207M, an increase of 153.1%, compared to the first quarter of 2022;
- Pro-forma Hotel Adjusted EBITDA was $207M, an improvement of 134.2%, compared to the first quarter of 2022.
- Q3 2022 Outlook : Adjusted FFO per share – Diluted of $0.34-$0.43 vs. consensus of $0.49; Adjusted EBITDA of $145-$165; RevPAR of $171 to $174.
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Park Hotels & Resorts reports Q2 earnings beat; issues Q3 FFO guidance below estimates