Latest news with #Viator
Yahoo
5 days ago
- Business
- Yahoo
Tripadvisor to Host Second Quarter 2025 Financial Results Conference Call on August 7, 2025
NEEDHAM, Mass., July 24, 2025 /PRNewswire/ -- Tripadvisor, Inc. (NASDAQ: TRIP) announced today that at 4:05 p.m. ET on Thursday, August 7, 2025, the company will post its second quarter 2025 financial results on its investor relations website at The same day, at 4:30 p.m. ET, the company will host a conference call to answer questions regarding its financial results. The event will be webcast live and can be accessed at A replay will be available on the website for three months. About Tripadvisor, Inc. The Tripadvisor Group connects people to experiences worth sharing, and aims to be the world's most trusted source for travel and experiences. We leverage our brands, technology, and capabilities to connect our global audience with partners through rich content, travel guidance, and two-sided marketplaces for experiences, accommodations, restaurants, and other travel categories. The subsidiaries of Tripadvisor, Inc. (Nasdaq: TRIP), include a portfolio of travel brands and businesses, including Tripadvisor, Viator, and TheFork. TRIP-G View original content to download multimedia: SOURCE Tripadvisor Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
American Press
7 days ago
- Sport
- American Press
Back in the game
From left, Masey Lewis, Matt Viator and Will Bressi talk at Southland Media Day Monday in San Antonio. (Matthew Bonnette/McNeese Athletics) SAN ANTONIO – A decade has passed since Matt Viator sat in front of the Southland Conference media and answered questions about an upcoming season. A lot has changed since then. No longer are the Cowboys the top dog in the league, and Viator is no longer part of the old guard. Now, he's again the head coach at McNeese State, but he's trying to lead the Cowboys back up the SLC mountain, not stay on top of it. 'This has been exciting,' Viator said Monday at the Southland Conference Media Day in the San Antonio Convention Center. 'I'm highly motivated not to relive the past but for the future.' Viator returns to McNeese after nine seasons away from the program he built. His 78 wins are tied for the most in program history. In his first 10 years as the Cowboy head coach, Viator won four Southland titles, made the playoffs five times, and was named the league's Coach of the Year on three occasions. None of that matters now. 'This is a great opportunity for me,' said Viator. 'The McNeese program means a lot to me. The transition back has been good.' The program has not made the playoffs since Viator left and went 0-11 just two years ago. Last year, the Cowboys bounced back to go 6-6, but they haven't had a winning season since 2019. Viator wants that to change. 'I want to see McNeese get back to the standard it once had,' said Viator. The fans are excited for sure. Season ticket sales are up 70 percent from a year ago ,and the buzz is all over town. 'It is really exciting to see the fans getting involved,' said Viator. 'We have a great fanbase and want to reward them.' Viator also wanted to reward the players who elected to stay with the program. 'I wanted to give them a chance if they wanted to stay with us,' Viator said. 'I'm glad the ones that stayed are with us.' Viator brought two of his returning players with him to San Antonio, offensive lineman Will Bressi and defensive end Masey Lewis. Both have seen the difference with Viator's return. 'We are focused much more on the details every day at work,' said Bressi. 'We work on the small things to get better each practice.' Lewis pointed out how much the defense has been through over the years and what this season means to them. 'We have been together and have been through a lot,' Lewis said. 'We are a close group that can go through anything now.' This isn't a rewind for the coach. It is a start of an entirely new era. 'I still park in the same spot I did before, still take the same elevator up to my office, and see some of the same people,' said Viator. 'But a lot has changed since I was last here and I think for the better. That's what makes this exciting.' For him and McNeese fans.
American Press
21-07-2025
- Sport
- American Press
Cowboys picked for sixth
(Matthew Bonnotte / McNeese Athletics) SAN ANTONIO — Southland Conference coaches and Sports Information Directors don't think much about the return of Matt Viator to McNeese State. After the Cowboys improved six wins last season, the second most in Division I football, they made a change and brought back Viator after a nine-year absence. Yet the three-time SLC Coach of the Year and all-time winningest skipper in McNeese history sees his team picked for sixth in the league's preseason poll released Monday morning. McNeese managed to collect just 85 points, despite Viator's resume, which includes four championships and five playoff appearances in 10 years. That may just be the kick in the pants the Cowboys need as they look to get back in the race for a title after last year's 6-6 finish. Defending champion Incarnate Word was tagged as the favorite once again, picking up 15 of the possible 20 first-place votes. The Cardinals, who return preseason All-American wide receiver Jalen Walthall, finished with 158 points after going 11-3 last season. In just its second season back in the league, Stephen F. Austin was next with 137 points and three first-place votes. The Lumberjacks were one of three teams to finish last year with a 7-5 record. SFA finished just one point ahead of Southeastern, which was third at 136 and picked up one of the remaining two first-place votes. The other went to Lamar, which placed fourth with 112 total points. Both Southeastern and Lamar also finished 7-5 last season, but none of the three earned a second postseason spot for the Southland Conference in the FCS playoffs. Nicholls was picked fifth with 91 points despite the retirement of long-time head coach Tim Rebowe. Defensive Coordinator Tommy Rybacki will take over the program. Following McNeese, East Texas A&M, and Houston Christian came in tied for seventh with points. Northwestern State (39) placed ninth, with football newcomer Texas-Rio Grande Valley coming in last with just 24 points. SLC PRESEASON POLL 1. UIW 15/158 2. SFA 3/137 3. SELA 1/136 4. Lamar 1/112 5. Nicholls 91 6. McNeese 85 7t HCU/ETAM 59 9. NW State 39 10. UTRGV 24
American Press
18-07-2025
- Sport
- American Press
Media Day Questions
The Southland Conference will hold its football preseason media event Monday in San Antonio. With the addition of Texas-Rio Grande Valley, the league will be back up to 10 football-playing schools for the first time since the 2019 season. Here is a look at the most significant question facing each of the clubs heading into their camps. McNeese State Biggest Question: Can Matt Viator go back home? The Cowboys aim to return to their glory days by bringing back the winningest coach in program history. The move back to Viator after nine playoff-less seasons has generated fan interest and sold some tickets, but it's wins that matter most. The 14-time Southland champions aim to get back into the race, but will need one of their quarterbacks, likely either Jake Strong or Alex Flores, to step up and become a leader in the huddle that the program has been lacking over the last few years. East Texas A&M Biggest Question: Can the Lions build on winning two of their last three last fall? East Texas is in its first year as a playoff-eligible team after moving up from the Division II level. The Lions return eight starters on offense and hope to get off to a much better start than last year, when they went 1-8 to open. Senior linebacker Kyree Anderson must play big, especially early as he is just one of two starters returning on defense. He racked up 96 tackles last season with an interception and forced two fumbles. Houston Christian Biggest Question: Can the Huskies take the next step? With 24 transfers from the FBS level, HCU has a chance to be a big surprise after going 5-7 last year. Three quarterbacks from the FBS level, including Jake Weir from Mississippi State, will battle for the starting role. Running back Champ Dozier is expected to have a bigger role in the offense after 788 all-purpose yards last season. He began his career at TCU, but the Huskies return just five starters, so it may take some time for this club to click. Incarnate Word Biggest Question: Can the Cardinals stay atop the conference? Incarnate Word has become the Southland's top team, spending 50 straight weeks in the FCS Top 25. Six Cardinals have been named to the Stats Perform Preseason All-American team. Receiver Jalen Walthall is back after finishing third in both receiving yards and touchdowns in the nation last season. Can he work with the new quarterback and keep the Cardinal offense clicking will be the biggest key to the UIW season. Lamar Biggest Question: Are these Cardinals ready for a title run? Two seasons under head coach Pete Rossomando have resulted in 13 victories and Lamar's first back-to-back winning campaigns since the 1971-72 season. With 14 starters back, I hope in Beaumont, Texas, that the winning streak will continue. Lamar returns its top two QBs but will need to find help on defense to keep things going. Eight new starters will be on the defensive side for the Cards, who, for the first time in program history, made the Top 25 in 2024. Nicholls Biggest Question: Will the Colonels stay the course? Tommy Rybacki takes over for Tim Rebowe as head coach at Nicholls after serving as an assistant since 2015. Rybacki promises to have the same team toughness that Rebowe's clubs have had over the years. The drop-off won't be too significant, as the program consistently finds a way to have tough running backs and play solid defense, a task Rybacki has overseen. The transition should be fairly smooth. Northwestern State Biggest Question: When will the Demons get a win? Having gone the last two seasons winless, Northwestern State is hoping for brighter days as Blaine McCorkle enters his second season as the Demons' head coach. This is still a program trying to recover from the tragic events of two years ago when one of its players was shot and killed during the season. Southeastern Louisiana Biggest Question: Can Lions survive a demanding early schedule? With games at Louisiana Tech and LSU in the first four weeks, Southeastern will be hard pressed physically to stay healthy heading into Southland play. But a 2-2 start could spell a big fall in Hammond, America. Head coach Frank Scelfo consistently finds a way to keep his team in the mix down the stretch, going 7-1 in the SLC last season. However, the Lions did not receive a playoff invitation, which could be something they rally around. Stephen F. Austin Biggest Question: Can the Lumberjacks win the league? With the return of quarterback Sam Vidlak to direct an offense that scored just over 36 points a game last season, SFA has the look of a title contender. Back in the Southland for a second season, this team has more than enough talent to make the postseason. SFA has a very favorable schedule this fall, with only one trip out of state, to Nicholls. Things are set up nicely for the Lumberjacks, who, but for a few tough breaks, may have made the playoffs last season. Texas Rio-Grande Valley Biggest Question: What will the Vaqueros look like? For the first time in school history, UTRGV will field a football team. Head coach Travis Bush will be the one guiding the Vaqueros through their first fall as a program in just their second season as members of the Southland. One thing is clear: fans down on the border seem ready. All 6,000 of their season tickets have been sold for the 12,500-seat stadium UTRGV will call home. That easily puts the team in the top half of the conference in attendance before every game. How we pick the SLC Stephen F. Austin Incarnate Word McNeese State Lamar Southeastern LA Houston Christian Nicholls East Texas A&M Texas Rio-Grande Valley Northwestern State
CNBC
12-07-2025
- Business
- CNBC
Starboard takes a stake in Tripadvisor. How the activist may bolster value
Business: Tripadvisor is an online travel company. It leverages its brands, technology, and capabilities to connect its global audience with partners through content, travel guidance and two-sided marketplaces for experiences, accommodations, restaurants and other travel categories. Tripadvisor operates through three segments: Brand Tripadvisor, Viator and TheFork. Its Brand Tripadvisor segment is engaged in providing an online global platform for travelers to discover, generate and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants and cruises. The Viator segment offers travelers a comprehensive online marketplace that provides access to over 400,000 experiences and more than 65,000 experience operators. TheFork segment offers an online marketplace that enables diners to discover and book online reservations at approximately 55,000 restaurants in 11 countries. Stock Market Value: ~$2.36B ($18.00 per share) Ownership: 9.01% Average Cost: $13.92 Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. The firm is known for its excellent diligence and for running many of the most successful campaigns. Starboard has taken a total of 158 prior activist campaigns in its history and has an average return of 22.34% versus 13.18% for the Russell 2000 over the same period. Starboard intends to engage with Tripadvisor's management and board regarding opportunities for value creation. Tripadvisor is the operator of three online platforms designed to enhance the travel planning experience. Its legacy business, is the largest travel guidance platform in the world, with 300 million monthly unique visitors and more than a billion reviews and $900 million in revenue. Viator, a rapidly scaling booking platform for tours and other travel experiences, is expected to do well over $900 million in revenue this year. Lastly, TheFork is a restaurant reservation platform, which is now the largest marketplace for online dining reservations in Europe and is expected to generate over $200 million of revenue this year. Despite owning a trio of market-leading businesses, the company still trades at a heavy discount: around seven-times earnings before interest, taxes, depreciation and amortization versus low to mid-teens for peers and even higher multiples for Tripadvisor historically. There are a few explanations behind this valuation disconnect. Since its spinoff from Expedia in 2011 and up until just a few months ago, Tripadvisor had poor governance: a controlled ownership by Liberty Media Corp, a dual class share structure and weak shareholder protections such as a plurality voting standard. This was reflected in the election of directors at the 2025 Annual Meeting, where three directors received a large number of withhold votes including Tripadvisor chairman and former CEO of Liberty Media Gregory Maffei, who received over 60% withhold votes. Small, controlled companies don't tend to trade very well, and that is what this was. However, this all changed in April 2025 when Tripadvisor bought back Liberty Media's controlling position and consequently collapsed the dual class structure. While Tripadvisor's share price has appreciated since, it's likely there is still some hangover from Liberty Media's years of control. Secondly, the decline of Tripadvisor's core nameplate business, which saw revenue decrease 7.95% from 2023 to 2024, is certainly a factor. If the Tripadvisor business was the company's only segment, this valuation could be justified. But Viator does as much revenue as Tripadvisor and is growing at double-digit rates. TheFork is also growing at high single digits, has $200 million in revenue, $65 million in EBITDA and can reach margins greater than 20% at scale. While Tripadvisor did have a year of declining sales, it is still a market leader with $900 million of revenue and $250 million of EBITDA with the company expecting a return to growth this year. Enter Starboard, which filed a 13D announcing that it has taken a 9.01% position in Tripadvisor and intends to meet with the company's board and management team regarding potential value creation opportunities. As is typical in a Starboard investment, there are multiple levers to unlock value here. The first and maybe most likely plan is status quo, which is extremely rare for an activist like Starboard. But if Tripadvisor returns to revenue growth and the other two segments continue to grow revenue and margins, there may be very little to be done here except watch the stock soar as the market starts understanding the company better. If growth does not happen at Tripadvisor, there is an opportunity to run it differently, focusing more on the bottom line than investing for the top line. This is where Starboard has been very valuable in helping companies. Third, while the three businesses have some strategic synergies, if not operational ones, they are run independently and can really show the sum of the parts value through a sale of even just one segment. This is not something that Starboard generally advocates for and is not advocating for it here. But TheFork is a very strategic asset in a space that is ripe with acquisition: Resy to Amex, OpenTable to Priceline Group (now Booking Holdings), and SevenRooms to DoorDash are just a few examples. These deals typically occurred at mid- to high-single-digit revenue multiples. A five-times revenue multiple for TheFork would be a $1 billion valuation, approximately 40% of Tripadvisor's total enterprise value, despite only accounting for approximately 10% of the company's total revenue and 5% of its EBITDA. Finally, there is a potential hidden artificial intelligence value here. With hundreds of millions of users and a 25-year history, Tripadvisor has very valuable and unique data that could be a highly valuable asset for AI providers. Moreover, the company has recently announced partnerships with Perplexity and OpenAI, but the terms of these deals are not public. Lastly, there is the potential sale of the entire company. While Starboard is not a "sell-the-company" activist, any time an activist engages with a company, it ends up in pseudo-play and any potential acquirer who has been kicking the tires will suddenly have their interest piqued. There have been interested potential acquirers here. In February 2024, Tripadvisor announced the formation of a special committee to evaluate proposals for potential transactions. During the Liberty buyback process, Tripadvisor disclosed receiving multiple acquisition offers, and another bid from a strategic buyer surfaced in early 2025 at $18 to $19 per share. Since then, Q1 results were better than expected, future guidance has improved, and the stock has increased more than 20% year to date. If interest existed then, there is no reason it shouldn't exist now. A sale of the company is not Starboard's agenda here, but the firm is an economic animal with a fiduciary duty to its investors. If an unsolicited offer comes in, the firm will encourage the company to accept it if the activist thinks that it is in the best long-term interest of stockholders. With an activist like Starboard engaging, it would be remiss of us not to mention the shareholder discontent at Tripadvisor's recent annual meeting. Three directors received at least 45% withhold votes with Jeremy Philips and Chairman Gregory Maffei receiving 56.8% and 69.3%, respectively. Since the company does not have a majority voting standard in uncontested elections, all three directors remain on the board. One might look at this and assume that Starboard is targeting these three directors for a potential proxy fight. While Starboard is no stranger to a proxy fight and will go there if necessary, we do not believe that to be the case here. First, most of the reasons for the withhold votes are no longer relevant, and Maffei — who received the most withhold votes — is a well-respected operator. Moreover, much like Starboard, Maffei is an economic animal who prioritizes stockholder return and is likely aligned with Starboard in recognizing the company's current undervaluation and value accretive opportunities. We think Starboard could add a lot of value here with board representation, but this one seems to feel more like a partnership rather than a battle.
