Shares of Hilton Grand Vacations Inc. (HGV) tumbled 10.79% in pre-market trading on Thursday following the release of the company's first-quarter 2025 financial results, which fell short of analysts' expectations.

The vacation ownership company reported an adjusted earnings per share (EPS) of $0.09, significantly missing the estimated $0.50. Revenue for the quarter came in at $1.15 billion, also falling short of the projected $1.23 billion. The company's net income for Q1 was negative $17 million, while adjusted EBITDA stood at $180 million.

Despite the disappointing quarterly results, Hilton Grand Vacations maintained a positive outlook for the full year, projecting adjusted EBITDA between $1,125 million and $1,165 million. However, investors appear to be focusing on the immediate underperformance, as reflected in the sharp pre-market decline. The stock's reaction suggests that market participants are reassessing their expectations for the company's near-term growth and profitability in light of these results.