Core Insights - The company is preparing for several investor conferences in May and June 2025, where it will discuss its FY2024 performance and strategic expansion plans [1][2] - The company has launched new media assets in 2024 and plans to introduce more in 2025, which are expected to enhance revenue diversification and monetization opportunities [3][7] - A strategic partnership with PChome Online, a leading e-commerce platform in Taiwan, is anticipated to create significant revenue opportunities and enhance the company's advertising products [4][6] - The company is co-hosting the 2025 Generative AI Dual Conference, which will increase its visibility in the AI industry and create future business opportunities [5][6] - Financial performance for FY2024 shows an adjusted EPS of negative $0.035, a decline from negative $0.015 in FY2023, indicating ongoing challenges in profitability [8] - The company is currently trading at a discount compared to reference median multiples in the AdTech and Digital & Social Media sectors, suggesting it may be undervalued [9] Financial Overview - Revenue for the year ended December 31, 2024, is projected at approximately $48.49 million, reflecting a growth of 35.3% from $35.84 million in 2023 [10] - Gross profit for FY2024 is expected to be around $17.74 million, with a gross margin of 36.6% [10] - Adjusted EBITDA is projected to be negative $854,174 for FY2024, improving from negative $998,162 in FY2023 [10] - The company reported a significant loss for the year ended December 31, 2024, amounting to approximately $84.98 million, compared to a loss of $1.22 million in FY2023 [22]

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 ...

Financial Data and Key Metrics Changes - In Q1 2025, the company reported adjusted EBITDA of $202 million, an increase of 6% year-over-year, and adjusted diluted earnings per share of $1.11, up 14% [25] - Consolidated adjusted EBITDA margins improved from 21% in the prior year to 22% [9] - The company returned $111 million to shareholders through dividends and share repurchases in Q1 [31] Business Line Data and Key Metrics Changes - The vacation ownership segment reported revenue of $755 million, a 4% increase, with adjusted EBITDA rising 18% to $159 million [25] - The travel and membership segment saw revenue decline to $180 million, down 7%, and adjusted EBITDA decreased by 9% to $68 million, driven by a 13% drop in exchange transactions [27] Market Data and Key Metrics Changes - The average age of owners is 59 years, with a household income exceeding $110,000, and 80% have fully paid off their ownership [11] - The volume per guest (VPG) was $3,212, up from the previous year and notably above $3,000 [13] Company Strategy and Development Direction - The company is focusing on enhancing technology to improve owner satisfaction, with the Club Wyndham app downloaded by nearly 100,000 owners [16] - A new Margaritaville Resort is planned to open in 2027, indicating a strategic expansion in partnership with Wyndham Hotels [21] - The company is maintaining its full-year adjusted EBITDA outlook while adjusting expectations for the travel and membership segment [28] Management's Comments on Operating Environment and Future Outlook - Management noted an increase in uncertainty in the macroeconomic outlook, but company-specific KPIs have not shown meaningful changes [12] - The company expects strong demand for vacation ownership to continue, with forward bookings in April appearing solid [48] - Management expressed confidence in the resilience of their consumer base, emphasizing that vacations are not viewed as discretionary [14] Other Important Information - The company completed a $350 million ABS transaction with favorable terms, indicating strong access to capital markets [29] - The leverage ratio was reported at 3.3 times, with expectations to end the year below 3.4 times [30] Q&A Session Summary Question: Can you talk about what you've seen in April and the travel and membership segment? - Management indicated that the vacation ownership business performed well in April, with no signs of uncertainty affecting KPIs [35] Question: How is the summer rental business for non-owners looking? - Summer demand through the rental program remains consistent, with solid forward bookings for the summer [47] Question: What is the mix of closing rates between existing owners and new buyers? - The new owner mix returned to historical levels, with expectations to grow as the year progresses [51] Question: Can you provide more details on the provision rate and its impact? - The provision rate was raised to 21%, equating to about $15 or $16 million in EBITDA, with management focused on controlling costs [61] Question: How do you view the impact of international tourism on your business? - The company reported that about 90% of revenue comes from North America, with no significant impact from international tourism issues [90] Question: What is the strategy for capital allocation in the current environment? - Management reiterated confidence in cash flow and plans to maintain consistent capital allocation, including dividends and share repurchases [93] Question: Can you elaborate on the exchange transaction decline? - The decline in exchange transactions is attributed to industry consolidation and a natural tendency for members to stay within their clubs during uncertain times [100] Question: What is the outlook for the Sports Illustrated portfolio? - The company plans to finalize a deal for the Sports Illustrated Trust, allowing for quick sales once completed [105]

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 ...

Exhibit 99.1 Travel + Leisure Co. Reports First Quarter 2025 Results Vacation Ownership revenue increased 4% to $755 million in the first quarter of 2025 compared to the same period in the prior year. Net vacation ownership interest (VOI) sales increased 4% year over year despite a higher provision rate. Gross VOI sales increased 4% driven by a 6% increase in VPG partially offset by a 1% decrease in tours. First quarter adjusted EBITDA was $159 million compared to $135 million in the prior year period, due ...

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 ...