- Playa Hotels & Resorts press release ( NASDAQ: PLYA ): Q4 Non-GAAP EPS of $0.13 beats by $0.14 .
- Revenue of $210.8M (+19.2% Y/Y) beats by $23.62M .
- Net Loss was $14.3 million compared to Net Income of $0.2 million in 2021
- Adjusted Net Income was $20.6 million compared to an Adjusted Net Loss of $4.5 million in 2021
- Net Package RevPAR increased 21.8% versus 2021 to $262.73, driven by a 1.1 percentage point increase in Occupancy and a 19.7% increase in Net Package ADR
- Comparable Net Package RevPAR (2) increased 35.6% versus 2021 to $285.30, driven by a 9.7 percentage point increase in Occupancy and an 18.3% increase in Comparable Net Package ADR
- Comparable Owned Resort EBITDA increased 40.5% versus 2021 to $59.1 million
- Comparable Owned Resort EBITDA Margin increased 1.9 percentage points versus 2021 to 34.3%
- Adjusted EBITDA increased 25.8% versus 2021 to $59.1 million, inclusive of a $12.6 million negative impact from disruption after Hurricane Fiona in the Dominican Republic, partially offset by $7.2 million of business interruption insurance recoveries
- Adjusted EBITDA Margin increased 1.5 percentage points versus 2021 to 29.2%
- Comparable Adjusted EBITDA increased 43.3% versus 2021 to $46.3 million
- Comparable Adjusted EBITDA Margin increased 1.9 percentage points versus 2021 to 26.6%
-
Year Ended December 31, 2022 Results
-
Net Income was $56.7 million compared to a Net Loss of $89.7 million in 2021
-
Adjusted Net Income was $83.2 million compared to an Adjusted Net Loss of $78.7 million in 2021
For further details see:
Playa Hotels & Resorts Non-GAAP EPS of $0.13 beats by $0.14, revenue of $210.8M beats by $23.62M