Latest news with #DanWasiolek
Skift
07-07-2025
- Business
- Skift
What's Next for Tripadvisor Now That it Has an Activist Investor?
An activist investor might be just what Tripadvisor needs now that its corporate structure has changed. Analysts have plenty of ideas on what that investor might advocate for, although so far Starboard Value hasn't publicly discussed a game plan. Sell Viator and/or TheFork? Change Tripadvisor's name to Viator? Repurchase shares? Speed up the monetization of Tripadvisor's user reviews in the AI era? These are among the strategy options that an array of analysts discussed following the news that Starboard Value, an activist investor, took at 9% stake in Tripadvisor. Starboard said in a financial filing that it believes Tripadvisor's shares were undervalued, but it has not stated publicly what, if any, changes it might pressure the company to make in discussions with management. Starboard did not respond to requests for comment. Tripadvisor said in a statement to Skift: "We value constructive engagement with all of our shareholders and appreciate their feedback as we continue to grow our business as the world's most trusted source for travel and experiences. The Tripadvisor Board of Directors and management team are committed to driving long-term value for our shareholders." What Is Viator Worth? In a view backed by several analysts, Morningstar's Dan Wasiolek wrote in an investor note that Starboard could push Tripadvisor to sell its experiences brand, Viator, which generated 46% of Tripadvisor revenue in 2024. V
Yahoo
15-02-2025
- Business
- Yahoo
Airbnb shares jump on strong quarterly results, expansion plans
(Reuters) - Airbnb shares rose as much as 13.3% in premarket trade on Friday after the vacation home rentals company beat Wall Street estimates for fourth-quarter results, boosted by strong international travel demand. Travel companies have been helped by healthy demand in Asia, especially from Chinese consumers visiting destinations in Southeast Asia. Airbnb said that nights booked by outbound Chinese tourists rose 25% in the fourth quarter. It also saw a 30% growth in nights booked for domestic travel in Latin America, led by Brazil, compared to last year. First-time bookers in the region grew by nearly 15% sequentially. The short-term rentals platform said growth in expansion markets was twice that of their core markets. "This instills confidence in our forecast for international markets to add tens of billions in bookings over the next several years," said Morningstar analyst, Dan Wasiolek. Airbnb also said it plans to invest $200 million to $250 million towards a new travel-related business which would be launched in May. The company expects to launch one or two businesses every single year for the next five years, CEO Brian Chesky said on the post-earnings conference call. "I think that each business could take three to five years to scale. A great business could get to a billion dollars of revenue," he added. William Blair analyst Ralph Schackart said, "over the longer term, the company has the opportunity to add incremental growth drivers such as experiences, among others, and the stock should grow at least in line with revenue growth." Shares of Airbnb trade at about 32.06 times their forward profit estimates, compared to an industry median of 17.99 times. Sign in to access your portfolio
Reuters
14-02-2025
- Business
- Reuters
Airbnb shares jump on strong quarterly results, expansion plans
Feb 14 (Reuters) - Airbnb shares rose as much as 13.3% in premarket trade on Friday after the vacation home rentals company beat Wall Street estimates for fourth-quarter results, boosted by strong international travel demand. Travel companies have been helped by healthy demand in Asia, especially from Chinese consumers visiting destinations in Southeast Asia. Airbnb said that nights booked by outbound Chinese tourists rose 25% in the fourth quarter. It also saw a 30% growth in nights booked for domestic travel in Latin America, led by Brazil, compared to last year. First-time bookers in the region grew by nearly 15% sequentially. The short-term rentals platform said growth in expansion markets was twice that of their core markets. "This instills confidence in our forecast for international markets to add tens of billions in bookings over the next several years," said Morningstar analyst, Dan Wasiolek. Airbnb also said it plans to invest $200 million to $250 million towards a new travel-related business which would be launched in May. The company expects to launch one or two businesses every single year for the next five years, CEO Brian Chesky said on the post-earnings conference call. "I think that each business could take three to five years to scale. A great business could get to a billion dollars of revenue," he added. William Blair analyst Ralph Schackart said, "over the longer term, the company has the opportunity to add incremental growth drivers such as experiences, among others, and the stock should grow at least in line with revenue growth." Shares of Airbnb trade at about 32.06 times their forward profit estimates, compared to an industry median of 17.99 times.
Yahoo
08-02-2025
- Business
- Yahoo
Expedia stock jumps after strong Q4 results, dividend reinstatement
(Reuters) - Expedia (EXPE) shares rose as much as 9.7% in premarket trade on Friday after the online travel agency beat Wall Street estimates for fourth-quarter results, boosted by strong travel demand outside the United States. Demand has been robust in Asia Pacific, aided by strong cross-border travel and the lifting of some visa restrictions in the region, as well as in Europe, driven by both domestic and long-haul trips from wealthy American travelers. Expedia also approved the reinstatement of a quarterly cash dividend after suspending it in the second quarter of 2020 due to the uncertainty amid the COVID-19 pandemic. It declared a first-quarter dividend of 40 cents per share. Excluding items, Seattle-based Expedia posted quarterly earnings per share of $2.39, higher than average analyst estimate of $2.04, as per data compiled by LSEG. "Travel demand remained healthy in Q4 despite price increases... Like last quarter, international demand was stronger than in the US," said Expedia CEO Ariane Gorin on the company's post-earnings conference call. Expedia has benefited from integrating all its brands, including Vrbo and onto a single platform called One Key. The company's transition to a consolidated system appears to have improved user experience "supporting the company's network advantage," Morningstar analyst Dan Wasiolek said in a note. Bookings in the company's consumer business rose 9% in the fourth quarter. The company expects 2025 gross bookings and revenue growth of 4% to 6% range, it said on the call. Shares of Expedia trade at about 12.30 times their forward profit estimates, below the 22.91 multiple for rival Booking Holdings, which will report results later this month. Sign in to access your portfolio
Yahoo
07-02-2025
- Business
- Yahoo
Expedia shares surge on strong Q4 results, dividend reinstatement
(Reuters) - Expedia shares rose as much as 9.7% in premarket trade on Friday after the online travel agency beat Wall Street estimates for fourth-quarter results, boosted by strong travel demand outside the United States. Demand has been robust in Asia Pacific, aided by strong cross-border travel and the lifting of some visa restrictions in the region, as well as in Europe, driven by both domestic and long-haul trips from wealthy American travelers. Expedia also approved the reinstatement of a quarterly cash dividend after suspending it in the second quarter of 2020 due to the uncertainty amid the COVID-19 pandemic. It declared a first-quarter dividend of 40 cents per share. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. Excluding items, Seattle-based Expedia posted quarterly earnings per share of $2.39, higher than average analyst estimate of $2.04, as per data compiled by LSEG. "Travel demand remained healthy in Q4 despite price increases... Like last quarter, international demand was stronger than in the US," said Expedia CEO Ariane Gorin on the company's post-earnings conference call. Expedia has benefited from integrating all its brands, including Vrbo and onto a single platform called One Key. The company's transition to a consolidated system appears to have improved user experience "supporting the company's network advantage," Morningstar analyst Dan Wasiolek said in a note. Bookings in the company's consumer business rose 9% in the fourth quarter. The company expects 2025 gross bookings and revenue growth of 4% to 6% range, it said on the call. Shares of Expedia trade at about 12.30 times their forward profit estimates, below the 22.91 multiple for rival Booking Holdings, which will report results later this month.
