Marriott International — May 6, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-25-022390
Showing in the filing
CitizenM acquisition funding assumption
“$355 million”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 18
Net rooms growth for FY2025
“approach 5 percent”
Comparable systemwide constant $ RevPAR grow… for Q2 FY2025
“1.5% to 2.5%”
Comparable systemwide constant $ RevPAR grow… for FY2025
“1.5% to 3.5%”
Gross fee revenues for Q2 FY2025
“$1,380 to $1,395”
Gross fee revenues for FY2025
“$5,365 to $5,475”
Owned, leased, and other revenue, net of dir… for Q2 FY2025
“Approx. $100”
Owned, leased, and other revenue, net of dir… for FY2025
“$345 to $355”
General, administrative, and other expenses for Q2 FY2025
“$245 to $240”
General, administrative, and other expenses for FY2025
“$985 to $965”
Adjusted EBITDA for Q2 FY2025
“$1,370 to $1,390”
Adjusted EBITDA for FY2025
“$5,285 to $5,425”
Adjusted EPS – diluted for Q2 FY2025
“$2.57 to $2.62”
Adjusted EPS – diluted for FY2025
“$9.82 to $10.19”
Effective tax rate for Q2 FY2025
“Approx. 27%”
Effective tax rate for FY2025
“Approx. 26%”
Investment spending (including $355 million … for FY2025
“$1,355 to $1,455”
Capital return to shareholders for FY2025
“Approx. $4,000”
CitizenM acquisition funding assumption for FY2025
“$355 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
2 Adjusted EBITDA and Adjusted EPS – dil uted for second quarter and full year 2025 do not include cost reimbursement revenue, reimbursed expenses, restructuring and merger-related charges, income tax special items or any potential asset sales or property or brand acquisitions that may occur during the year (other than our planned acquisition of the citizenM brand, which we assume to occur in the second half of 2025), each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant. Adjusted EPS – diluted for full year 2025 excludes the benefit of an income tax special item of $71 million. 3 Assumes the level of capital return to shareholders noted above. 4 This outlook assumes funding of $355 million to complete the citizenM acquisition in the second half of 2025. Investment spending includes capital and technology expenditures, loan advances, contract acquisition costs, and other investing activities, but excludes any other potential property or brand acquisitions, which we cannot forecast with sufficient accuracy and which may be significant. 5 Assumes the level and types of investment spending noted above and that no asset sales or property or brand acquisitions occur during the year (other than our planned acquisition of the citizenM brand, which we assume to occur in the second half of 2025). 5 Marriott International, Inc. (Nasdaq: MAR) will conduct its quarterly earnings review for the investment community and news media on Tuesday, May 6, 2025, at 8:30 a.m. Eastern Time (ET). The conference call will be webcast simultaneously via Marriott’s investor relations website at http://www.marriott.com/investor , click on “Events & Presentations” and click on the quarterly conference call link. A replay will be available at that same website until May 6, 2026. The telephone dial-in number for the conference call is US Toll Free: 800-274-8461, or Global: +1 203-518-9814. The conf
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.