Company Appointments - TNL Mediagene appointed Aya Miyake as Chief Governance Officer and Carly Ma as Chief Human Resources Officer as part of its Global Talent Management strategy [1] - Aya Miyake has over 20 years of experience in capital markets and corporate governance, which will enhance TNL Mediagene's expertise in public company matters [2] - Carly Ma brings over a decade of HR experience from multinational corporations, which will strengthen TNL Mediagene's talent acquisition and optimization functions [3][4] M&A Strategy - TNL Mediagene updated its M&A strategy, focusing on revenue growth and diversification, particularly in Southeast Asia, Japan, and Taiwan, as well as English-speaking markets like the US, Canada, UK, and Australia [5][6] - The company has acquired and integrated 10 companies since 2018 and maintains an active pipeline of M&A opportunities [6] - TNL Mediagene aims to acquire assets that complement its current businesses or where it can add value through technology, multilingualization, or cost discipline [6] Financial Performance - In FY2024, TNL Mediagene achieved a 35% revenue growth, with gross margin expanding to 36.6% and Adjusted EBITDA margin nearing break-even at -1.8% [7] - Revenue figures for the years ended December 31 are as follows: 2022 at $20.01 million, 2023 at $35.84 million (79.1% growth), and 2024 at $48.49 million (35.3% growth) [8] - The company reported a gross profit of $17.74 million in 2024, with a margin of 36.6% [8]

NEW YORK and TOKYO, May 1, 2025 /PRNewswire/ -- TNL Mediagene (Nasdaq: TNMG), a Tokyo-based next-generation digital media and data group in Asia, announces the release of its financial and operational results for the fiscal year ended December 31, 2024, as detailed in its annual report on Form 20-F for the fiscal year ended December 31, 2024, filed on April 30, 2025 and available on the US Securities and Exchange Commission's public website at www.sec.gov.The condensed financial information presented in thi ...

Travel + Leisure Co. (NYSE:TNL) Q1 2025 Earnings Conference Call April 23, 2025 8:30 AM ET Company Participants Mike Hug - Chief Financial Officer Michael Brown - President & Chief Executive Officer Conference Call Participants David Katz - Jefferies Patrick Scholes - Truist Securities Dany Asad - Bank of America Chris Woronka - Deutsche Bank Lizzie Dove - Goldman Sachs Asset Management Ben Chaiken - Mizuho Securities Stephen Grambling - Morgan Stanley Brandt Montour - Barclays Operator Welcome to the Trave ...

For the quarter ended March 2025, Travel + Leisure Co. (TNL) reported revenue of $934 million, up 2% over the same period last year. EPS came in at $1.11, compared to $0.97 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $934.58 million, representing a surprise of -0.06%. The company delivered an EPS surprise of +0.91%, with the consensus EPS estimate being $1.10.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Financial Performance - Gross VOI sales increased by 4.5% to $512 million for the three months ended March 31, 2025, compared to $490 million in the same period last year [176]. - Net revenues rose by $18 million to $934 million for the three months ended March 31, 2025, with a foreign currency impact of $4 million [177]. - Net income attributable to Travel + Leisure Co. shareholders increased by $7 million to $73 million for the three months ended March 31, 2025 [180]. - Net revenues for the Vacation Ownership segment increased by $30 million to $755 million for the three months ended March 31, 2025, compared to $725 million in the same period of 2024, with a $2 million unfavorable impact from foreign currency [182]. - Travel and Membership segment net revenues decreased by $13 million to $180 million, primarily due to a $9 million decrease in transaction revenue and a $2 million decrease in subscription revenues [185]. - Total Company Adjusted EBITDA increased by $11 million to $202 million for the three months ended March 31, 2025, compared to $191 million in the same period of 2024 [182]. Operational Metrics - Volume per guest (VPG) increased by 5.8% to $3,212, reflecting consumers' recognition of the value proposition of the company's products [176]. - Adjusted EBITDA margin improved sequentially in the Travel and Membership business due to cost-saving initiatives, despite lower revenues from decreased member counts [167]. - Adjusted EBITDA for the Vacation Ownership segment rose by $24 million to $159 million, driven by a 5.8% increase in VPG due to a higher owner upgrade transaction mix [184]. - The number of exchange transactions decreased by 12.6% to 240,000, while total transactions fell by 6.7% to 415,000 [176]. Cash Flow and Liquidity - Net cash provided by operating activities increased by $74 million to $121 million for the three months ended March 31, 2025, compared to $47 million in the prior year [215]. - Net cash used in investing activities decreased by $35 million to $(22) million during the three months ended March 31, 2025, primarily due to a $40 million acquisition of Accor Vacation Club in 2024 [216]. - Net cash used in financing activities was $(63) million for the three months ended March 31, 2025, compared to $203 million provided in the prior year, reflecting a $274 million decrease in net proceeds from corporate debt [217]. - The company closed on securitization financings of $350 million during the first quarter of 2025, reinforcing its liquidity position [205]. - The company expects to finance capital spending programs and vacation ownership development projects primarily with cash flow generated from operations and cash equivalents [223]. Debt and Interest - Interest expense decreased by $7 million to $57 million due to a lower average outstanding debt balance and reduced interest rates on variable borrowings [178]. - As of March 31, 2025, total debt amounts to $3.493 billion, with non-recourse debt at $2.200 billion and interest on debt at $1.100 billion [210]. - The total outstanding balance of variable rate borrowings at March 31, 2025, was $1.365 billion, including $295 million in non-recourse debt and $1.07 billion in corporate debt [233]. - A hypothetical 10% change in interest rates would result in a $1 million increase or decrease in annual consumer financing interest expense and a $6 million increase or decrease in annual debt interest expense for Q1 2025 [232]. - As of March 31, 2025, the interest coverage ratio was 4.48 to 1.0 and the first lien leverage ratio was 3.31 to 1.0, indicating compliance with financial covenants [200]. Assets and Liabilities - Total assets increased by $29 million to $6,764 million as of March 31, 2025, primarily due to a $39 million increase in prepaid expenses and a $21 million increase in cash and cash equivalents [191]. - Total liabilities increased by $52 million to $7,667 million, mainly due to a $51 million increase in non-recourse vacation ownership debt [194]. - The company had $188 million in cash and cash equivalents as of March 31, 2025, which includes highly liquid investments [197]. - The revolving credit facility had $785 million of available capacity as of March 31, 2025, and is set to expire in October 2026 [198]. Shareholder Returns - The share repurchase program has a total authorization of $7.0 billion, with $373 million remaining available as of March 31, 2025 [224]. - Cash dividends paid were $0.56 per share during Q1 2025, totaling $41 million, compared to $0.50 per share and $38 million in Q1 2024 [226]. Expenses - Property management expenses increased by $11 million due to higher resort operating costs [181]. - The company continues to face pressure on its loan portfolio due to elevated delinquencies compared to historical levels [169]. - The company spent $22 million on vacation ownership development projects during the three months ended March 31, 2025, with anticipated full-year spending between $150 million and $180 million [220].

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $2 billion, an increase of 614% year-over-year [17] - Adjusted diluted earnings per share rose to $1.11, reflecting significant growth [17] - Consolidated adjusted EBITDA margins improved from 21% to 22% compared to the previous year [6] Business Line Data and Key Metrics Changes - Vacation Ownership segment revenue increased by 4% to $755 million, with adjusted EBITDA rising 18% to $159 million [18] - Travel and Membership segment revenue decreased by 7% to $180 million, with adjusted EBITDA down 9% to $68 million, driven by a 13% decline in exchange transactions [18] Market Data and Key Metrics Changes - The average volume per guest (VPG) was $3,212, significantly above $3,000, indicating strong consumer demand [9] - The booking window for resort visits decreased from 130 days to 116 days year-over-year, but forward bookings remain strong [11] Company Strategy and Development Direction - The company is focusing on enhancing its technology investments to improve owner satisfaction, with the Club Wyndham app seeing a significant increase in downloads [12] - A new Margaritaville resort is planned to open in 2027, indicating ongoing expansion efforts [15] - The company is maintaining a strong capital return strategy, with a 12% increase in dividends to $0.56 per share and $70 million in share repurchases [6][21] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer sentiment has declined, but company-specific KPIs remain strong, indicating resilience in the vacation ownership business [8] - The company expects adjusted EBITDA for Q2 to be between $245 million and $255 million, reiterating its full-year adjusted EBITDA outlook [15][19] Other Important Information - The company has a leverage ratio of 3.3 times and expects it to increase in the next two quarters before declining [20] - The company generated $121 million in operating cash flow and $152 million in adjusted free cash flow for the quarter [19] Q&A Session Summary Question: Can you talk about what you've seen in April and then talk about T and M? - Management indicated that the vacation ownership business continues to perform well, with no signs of uncertainty affecting KPIs [24] Question: How is your summer rental business looking? - Summer demand through the rental program remains consistent, with solid forward bookings for the summer [35] Question: Can you provide visibility on the summer rental business? - Management confirmed that summer rentals are solid, and forward bookings look strong for the summer months [36] Question: What is the mix of closing to existing owners versus new buyers? - The new owner mix returned to historical levels, and management expects it to grow as they move into the summer [38] Question: Can you walk us through the drivers of tour flow acceleration? - Management expects easier comps and new marketing channels to drive tour flow growth in the second half of the year [47] Question: Any impact from international tourism slowdown? - The company reported that about 90% of revenue comes from North America, with no significant impact from international travel issues [67] Question: How does the company view capital allocation in the current environment? - Management remains confident in the business and cash flow, indicating no significant changes to capital allocation plans [70] Question: Can you provide more color on the uptick in delinquencies? - The increase in delinquencies was seen across all channels, but management is optimistic about improvements in collections [54] Question: How does the company plan to address potential slowdowns in new owner close rates? - Management believes they can react quickly to any changes in the market and maintain steady pricing [95]

What's Next for Travel Leisure Co. While Travel Leisure Co. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Travel + Leisure Co. (TNL) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 0.91%. A quarter ago, it w ...

NEW YORK and TOKYO, April 22, 2025 /PRNewswire/ -- TNL Mediagene (Nasdaq: TNMG), a Tokyo-based next-generation digital media and data group in Asia, today publicly filed its Company Snapshot presentation highlighting key aspects of its business including preliminary 2024 Revenue and Adjusted EBITDA Guidance:30%+ Year-on-Year Revenue Growth in FY2024: The group achieved a revenue increase of more than 30% year-over-year. Revenue growth was driven by diversification into tech- and data-powered products, inclu ...

National Park Week Begins April 19ORLANDO, Fla., April 18, 2025 (GLOBE NEWSWIRE) -- America’s 63 National Parks draw in serious hikers, and they also provide opportunities for beginners and families alike to unwind, take their time and soak in nature’s beauty. For National Park Week and beyond, the program offers expert content to help travelers make the most of their time outdoors. The adventure-loving vacation club WorldMark by Wyndham has proudly teamed up with America’s Park Ranger, Ash Nudd, as the Wor ...

Travel + Leisure Co. (TNL) shares rallied 13.2% in the last trading session to close at $43.89. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.6% loss over the past four weeks.Following President Trump's announcement to suspend U.S. tariffs on most countries for 90 days, Travel + Leisure shares soared, reflecting renewed investor optimism.This company is expected to post quarterly earnings of $1.11 per sh ...