Travel Leisure | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 1.018 B

LB filings
2025.07.23 13:15
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Revenue: As of FY2025 Q2, the actual value is USD 1.018 B, beating the estimate of USD 1.009 B.

EPS: As of FY2025 Q2, the actual value is USD 1.62, missing the estimate of USD 1.65.

EBIT: As of FY2025 Q2, the actual value is USD 152 M.

Vacation Ownership Segment

  • Net Revenues: $853 million for Q2 2025, up from $807 million in Q2 2024.
  • Gross VOI Sales: $654 million for Q2 2025, up from $607 million in Q2 2024.
  • Tours: 197,000 for Q2 2025, up from 192,000 in Q2 2024.
  • Volume Per Guest (VPG): $3,251 for Q2 2025, up from $3,051 in Q2 2024.
  • Adjusted EBITDA: $218 million for Q2 2025, up from $206 million in Q2 2024.
  • Provision for Loan Losses: $128 million for Q2 2025, up from $113 million in Q2 2024.
  • Operating Income: $206 million for Q2 2025, up from $189 million in Q2 2024.

Travel and Membership Segment

  • Net Revenues: $166 million for Q2 2025, down from $177 million in Q2 2024.
  • Transactions: 388,000 for Q2 2025, down from 399,000 in Q2 2024.
  • Revenue Per Transaction: $300 for Q2 2025, down from $315 in Q2 2024.
  • Adjusted EBITDA: $55 million for Q2 2025, down from $62 million in Q2 2024.

Corporate and Other

  • Net Revenues: -$1 million for Q2 2025, down from $1 million in Q2 2024.
  • Adjusted EBITDA: -$23 million for Q2 2025, up from -$24 million in Q2 2024.

Consolidated Results

  • Net Revenues: $1,018 million for Q2 2025, up from $985 million in Q2 2024.
  • Operating Income: $206 million for Q2 2025, up from $189 million in Q2 2024.
  • Net Income: $108 million for Q2 2025, down from $129 million in Q2 2024.
  • Adjusted EBITDA: $250 million for Q2 2025, up from $244 million in Q2 2024.

Future Outlook and Strategy

  • Core Business Focus: The company plans to continue investing in select capital and technological improvements across its business, with anticipated full-year spending between $125 million and $135 million on capital expenditures.
  • Non-Core Business: The company is continuing its asset-light efforts in vacation ownership by seeking opportunities with financial partners to develop assets on its behalf.
  • Priority: The company expects to maintain adequate liquidity for the next year and beyond, with plans to fund obligations with net cash from operations, cash and cash equivalents, and through the use of revolving credit facilities, bank conduit facilities, and continued access to debt markets.
Source: LB filings The copyright of this article belongs to the original author/organization.
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