By Katherine Hamilton

Hilton Grand Vacations recorded a wider loss in the first quarter, missing Wall Street's expectations.

The timeshare company on Thursday posted a loss of $12 million, or 17 cents a share, in the quarter ended March 31, compared with a loss of $2 million, or 4 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were 9 cents, behind the 53 cents forecast by analysts, according to FactSet.

Income was affected by a net deferral of $68 million in the first quarter, compared with a recognition of $3 million the previous year, the company said.

Revenue fell 0.7% to $1.15 billion. Analysts surveyed by FactSet forecast revenue of $1.25 billion.

Revenue was dented by a net deferral of $126 million compared with a recognition of $2 million the year before, Hilton Grand Vacations said.

The company reiterated its guidance for the full year.

Chief Executive Mark Wang said the company has taken steps to maintain momentum in the face of increased macroeconomic uncertainty and market volatility. It is adding initiatives to improve efficiency and member engagement, it said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 01, 2025 08:23 ET (12:23 GMT)

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