Announcement • Apr 30
Liberty TripAdvisor Files Form 15 Liberty TripAdvisor Holdings, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Series A common stock, par value $0.01 per share; Series B common stock, par value $0.01 per share under the Securities Exchange Act of 1934, as amended. Announcement • Apr 26
Liberty TripAdvisor Holdings, Inc., Annual General Meeting, Jun 10, 2024 Liberty TripAdvisor Holdings, Inc., Annual General Meeting, Jun 10, 2024, at 08:45 Mountain Daylight. Agenda: To consider A proposal (which we refer to as the election of directors proposal ) to elect Gregory B. Maffei and Michael J. Malone to continue serving as Class IIl members of our Board until the 2027 annual meeting of stockholders or their earlier resignation or removal; to consider A proposal (which we refer to as the auditors ratification proposal ) to ratify the selection of KPMG LLP as independent auditors for the fiscal year ending December 31, 2024; to consider proposal (which we refer to as the say-on-pay proposal ) to approve, on an advisory basis, the compensation of our named executive officers as described in this proxy statement under the heading “Executive Compensation”. Announcement • Oct 28
Liberty Tripadvisor Holdings, Inc. Announces Resignation of Albert E. Rosenthaler as Chief Corporate Development Officer, Effective January 1, 2024 On October 20, 2023, Albert E. Rosenthaler notified Liberty TripAdvisor Holdings, Inc. (Company) of his intention to retire from his position as Chief Corporate Development Officer of the Company, effective January 1, 2024. New Risk • Oct 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (US$58.2m market cap). Announcement • Oct 20
Liberty TripAdvisor Holdings Provides Update Regarding Nasdaq Delisting As previously disclosed, on April 21, 2023, Liberty TripAdvisor Holdings, Inc. from The Nasdaq Stock Market notifying Liberty TripAdvisor that, because the closing bid price for Liberty TripAdvisor’s Series A common stock, par value $0.01 per share, had fallen below $1.00 per share for 30 consecutive business days, Liberty TripAdvisor no longer complied with the minimum bid price requirement for continued listing of LTRPA on the Nasdaq Global Select Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $1.00 per share (the ‘Minimum Bid Price Requirement’). The Notice indicated that, if Liberty TripAdvisor does not regain compliance with the Minimum Bid Price Requirement with respect to LTRPA by October 18, 2023, trading of LTRPA would be suspended. On October 19, 2023, Liberty TripAdvisor received written notice from Nasdaq notifying Liberty TripAdvisor that trading of LTRPA and Liberty TripAdvisor’s Series B common stock, par value $0.01 per share (‘LTRPB’), will be suspended at the open of business on October 30, 2023 due to LTRPA’s failure to regain compliance with the Minimum Bid Price Requirement by October 18, 2023 and LTRPB’s failure to satisfy the continued listing requirements under Nasdaq Listing Rule 5460(b) necessary to maintain a separate ‘primary equity security’ listing independent of LTRPA, specifically the requirements set under Nasdaq Listing Rule 5450(b). Following such suspension, Nasdaq is expected to file a Form 25 Notification of Delisting with the Securities Exchange Commission with respect to LTRPA and LTRPB when all internal procedural periods have run. The OTC Markets Group, Inc. (‘OTC’) has approved the quotation of LTRPA and LTRPB on the OTCQB Venture Market (‘OTCQB’) and LTRPA and LTRPB are expected to be quoted on OTCQB immediately following their suspension of trading on Nasdaq on October 30, 2023. The ticker symbols and CUSIPs for LTRPA and LTRPB are not expected to change in connection with their suspension and delisting from Nasdaq and commencement of quotation on the OTCQB. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$0.13 (vs US$0.88 in 2Q 2022) Second quarter 2023 results: EPS: US$0.13 (down from US$0.88 in 2Q 2022). Revenue: US$494.0m (up 19% from 2Q 2022). Net income: US$10.0m (down 85% from 2Q 2022). Profit margin: 2.0% (down from 16% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Reported Earnings • May 05
First quarter 2023 earnings released: US$0.41 loss per share (vs US$0.35 loss in 1Q 2022) First quarter 2023 results: US$0.41 loss per share (further deteriorated from US$0.35 loss in 1Q 2022). Revenue: US$371.0m (up 42% from 1Q 2022). Net loss: US$31.0m (loss widened 15% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: US$0.40 (vs US$2.55 loss in FY 2021) Full year 2022 results: EPS: US$0.40 (up from US$2.55 loss in FY 2021). Revenue: US$1.49b (up 65% from FY 2021). Net income: US$30.0m (up US$221.0m from FY 2021). Profit margin: 2.0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Board Change • Feb 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. Independent Director Christy Haubegger was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 28
Liberty TripAdvisor Holdings, Inc. Announces Resignation of M. Gregory O’Hara from the Board of Directors, Effective January 31, 2023 Liberty TripAdvisor Holdings, Inc. announced that on January 26, 2023, M. Gregory O’Hara resigned from the board of directors of the Company, effective January 31, 2023. In connection with his resignation from the Board, effective January 31, 2023, Mr. O’Hara will no longer serve as Vice Chairman of the Board. Mr. O’Hara’s resignation as a member of the Board was due to competing professional obligations and was not the result of any dispute or disagreement with the Company. Following Mr. O’Hara’s resignation, the position of Vice Chairman will be eliminated and the size of the Board will be fixed at seven directors. Reported Earnings • Nov 08
Third quarter 2022 earnings released: US$0.39 loss per share (vs US$0.95 profit in 3Q 2021) Third quarter 2022 results: US$0.39 loss per share (down from US$0.95 profit in 3Q 2021). Revenue: US$459.0m (up 52% from 3Q 2021). Net loss: US$30.0m (down 142% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$0.88 (vs US$2.01 in 2Q 2021) Second quarter 2022 results: EPS: US$0.88 (down from US$2.01 in 2Q 2021). Revenue: US$417.0m (up 77% from 2Q 2021). Net income: US$67.0m (down 56% from 2Q 2021). Profit margin: 16% (down from 65% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 56% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 06
First quarter 2022 earnings released: US$0.35 loss per share (vs US$6.13 loss in 1Q 2021) First quarter 2022 results: US$0.35 loss per share (up from US$6.13 loss in 1Q 2021). Revenue: US$262.0m (up 113% from 1Q 2021). Net loss: US$27.0m (loss narrowed 94% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$2.55 loss per share (up from US$5.17 loss in FY 2020). Revenue: US$902.0m (up 49% from FY 2020). Net income: US$179.0m (up US$567.0m from FY 2020). Profit margin: 20% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 28 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS US$2.01 (vs US$2.51 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$235.0m (up 298% from 2Q 2020). Net income: US$153.0m (up US$341.0m from 2Q 2020). Profit margin: 65% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Reported Earnings • May 09
First quarter 2021 earnings released: US$6.09 loss per share (vs US$0.33 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: US$123.0m (down 56% from 1Q 2020). Net loss: US$460.0m (loss widened US$435.0m from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 25
New 90-day high: US$5.95 The company is up 103% from its price of US$2.93 on 25 November 2020. The American market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 15% over the same period. Reported Earnings • Feb 21
Full year 2020 earnings released: US$5.17 loss per share (vs US$0.29 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$604.0m (down 61% from FY 2019). Net loss: US$388.0m (loss widened US$366.0m from FY 2019). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 05
New 90-day high: US$4.62 The company is up 147% from its price of US$1.87 on 07 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 16% over the same period. Is New 90 Day High Low • Nov 29
New 90-day high: US$2.99 The company is up 7.0% from its price of US$2.80 on 31 August 2020. The American market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 5.0% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: US$0.23 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$151.0m (down 65% from 3Q 2019). Net loss: US$17.0m (down 206% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Sep 22
New 90-day low: US$1.82 The company is down 11% from its price of US$2.05 on 24 June 2020. The American market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 2.0% over the same period.