Liberty TripAdvisor Holdings Inc (LTRPA) Q3 2024 Earnings Call Highlights: Strong Revenue ...

GuruFocus.com11-08

Revenue Growth: TripAdvisor revenue up 17%. Adjusted EBITDA: Viator adjusted EBITDA of $30 million with an 11% margin; TripAdvisor adjusted EBITDA of $5 million with a 10% margin. Cash Position: ...

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TripAdvisor adjusted EBITDA of $5 million with a 10% margin.\nCash Position: ...</p>\n\n<a href=\"https://finance.yahoo.com/news/liberty-tripadvisor-holdings-inc-ltrpa-072505586.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LBRDA","symbol_name":"Liberty Broadband Corporation - Class A","start_time":0,"source_url":"https://finance.yahoo.com/news/liberty-tripadvisor-holdings-inc-ltrpa-072505586.html","article_id":"2481145224","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/PNVXLPP4L4NAJy9zsSFURw--~B/aD0yNTY7dz0yNTY7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/a60fe3c746d0785012c2f07b512c563e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481145224","pubTimestamp":1731050705,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Adjusted EBITDA: Viator adjusted EBITDA of $30 million with an 11% margin; TripAdvisor adjusted EBITDA of $5 million with a 10% margin.Cash Position: TripAdvisor had approximately $1.1 billion in cash and under $500 million of unborrowed revolver capacity at the end of Q3.Liberty Broadband Cash and Debt: Consolidated cash and cash equivalents of $168 million; total principal amount of debt at $3.7 billion.GCI Revenue Increase: $22 million increase over the prior year, driven by data revenue.GCI Leverage: Leverage at 3.1 times with $367 million of undrawn revolver capacity.GuruFocus has detected 2 Warning Sign with LTRPA.Liberty TripAdvisor Holdings Inc  is progressing in discussions with TripAdvisor to rationalize its capital structure, indicating potential future improvements in financial stability.Viator, a segment of TripAdvisor, achieved an adjusted EBITDA of $30 million with an 11% margin, showing solid growth outside of search and direct channels.TripAdvisor's segment, The Fork, ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LBRDA":"Liberty Broadband Corporation - Class A","LBRDP":"Liberty Broadband Corp","LBRDK":"Liberty Broadband Corporation","TRIP":"猫途鹰","LTRPA":"Liberty TripAdvisor Holdings, Inc."},"translate_title":"Liberty TripAdvisor Holdings Inc(LTRPA)2024年第三季度收益看涨期权亮点：强劲的收入...","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LTRPA":1,"TRIP":1,"LBRDA":0.9,"LBRDK":0.9,"LBRDP":0.9},"content_text":"Revenue Growth: TripAdvisor revenue up 17%.\nAdjusted EBITDA: Viator adjusted EBITDA of $30 million with an 11% margin; TripAdvisor adjusted EBITDA of $5 million with a 10% margin.\nCash Position: TripAdvisor had approximately $1.1 billion in cash and under $500 million of unborrowed revolver capacity at the end of Q3.\nLiberty Broadband Cash and Debt: Consolidated cash and cash equivalents of $168 million; total principal amount of debt at $3.7 billion.\nGCI Revenue Increase: $22 million increase over the prior year, driven by data revenue.\nGCI Leverage: Leverage at 3.1 times with $367 million of undrawn revolver capacity.\n\n\nWarning! GuruFocus has detected 2 Warning Sign with LTRPA.\n\nRelease Date: November 07, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nLiberty TripAdvisor Holdings Inc (LTRPA) is progressing in discussions with TripAdvisor to rationalize its capital structure, indicating potential future improvements in financial stability.\nTripAdvisor's brand saw positive growth from product strategy work, with monthly active users up 30% year-over-year, reflecting successful engagement efforts.\nViator, a segment of TripAdvisor, achieved an adjusted EBITDA of $30 million with an 11% margin, showing solid growth outside of search and direct channels.\nTripAdvisor's liquidity remains robust with approximately $1.1 billion in cash and nearly $500 million in unborrowed revolver capacity, providing financial flexibility.\nTripAdvisor's segment, The Fork, reported its best financial performance on record with a 17% revenue increase and a 10% adjusted EBITDA margin, highlighting successful B2B partnerships.\n\n Negative Points \n\nLiberty TripAdvisor Holdings Inc (LTRPA) did not repurchase shares this quarter due to ongoing discussions, potentially impacting shareholder value.\nThe ongoing discussions with TripAdvisor have led to the decision not to present at Liberty's Investor Day, limiting transparency and investor engagement.\nGCI, a subsidiary of Liberty Broadband, experienced a decline in wireless and cable modem subscribers, partly due to the expiration of the ACP program.\nLiberty Broadband's leverage remains high at 3.1 times, which could pose financial risks if not managed effectively.\nThe potential transaction with Charter is still uncertain, with no definitive terms agreed upon, creating ambiguity for investors regarding future corporate structure changes.\n\n Q & A Highlights \nQ: Why is Liberty Broadband considering a transaction with Charter now, and what needs to happen for Charter to resume stock buybacks? A: Gregory Maffei, President and CEO, explained that the timing is right due to a mutually beneficial structure that addresses the dual corporate structure and enhances liquidity. Charter can resume buybacks upon either a signed deal or if discussions cease without an agreement.\nQ: How does GCI fit into the Charter negotiations, and why is the mid-2027 timeline significant? A: Maffei noted that the role of GCI in the transaction is still under discussion, and the timeline accounts for regulatory processes and allows Liberty Broadband to deleverage while maintaining a partnership with Charter.\nQ: What are the competitive dynamics in the broadband market, and how does Charter plan to address them? A: Maffei highlighted Charter's focus on convergence through offerings like Spectrum One, leveraging their network strengths and high split upgrades to provide competitive broadband services.\nQ: Could a change in the U.S. administration's antitrust stance impact M&A opportunities for Charter? A: Maffei suggested that while current regulatory conditions allow for some acquisitions, a more relaxed antitrust environment could open up additional opportunities for national network convergence.\nQ: Are there any regulatory concerns specific to Alaska regarding GCI's operations? A: Ronald Duncan, CEO of GCI, stated that regulatory approvals in Alaska are straightforward, with state-level agencies handling them, and any federal FCC processes would be standard.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481145224"}