Hospitality major Hyatt Hotels Corp. (H), on Thursday, reported fourth quarter net income attributable to company of $294 million compared to a loss of $29 million, last year. Profit per share was $2.69 compared to a loss of $0.26. Net income in the fourth quarter included a non-cash benefit of $250 million due to the release of a valuation allowance on U.S. federal and state deferred taxes.
Adjusted net income attributable to Hyatt was $278 million compared to a loss of $306 million, previous year. Adjusted profit per share was $2.55 compared to a loss of $2.78. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.33, for the quarter. Analysts' estimates typically exclude special items. Adjusted EBITDA increased to $232 million from $112 million, previous year. Apple Leisure Group or ALG contributed $43 million of adjusted EBITDA in the fourth quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.