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Liberty TripAdvisor Holdings Inc (LTRPA)
OTHER OTC:LTRPA
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Liberty TripAdvisor Holdings
(OTC:LTRPA)
49Neutral
Liberty TripAdvisor Holdings (LTRPA) vs. S&P 500 (SPY)
Market Cap
$19.60M
Dividend YieldN/A
Average Volume (3M)164.24K
Price to Earnings (P/E)―
Beta (1Y)1.81
Revenue Growth2.63%
EPS Growth38.29%
CountryUS
Employees2,860
SectorCommunication Services
Sector Strength76
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-2.29
Shares Outstanding73,084,480
10 Day Avg. Volume214,061
30 Day Avg. Volume164,239
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.01
Price to Cash Flow (P/CF)-0.60
P/FCF Ratio0.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Liberty TripAdvisor Holdings Business Overview & Revenue Model
Company DescriptionLiberty TripAdvisor Holdings, Inc. (LTRPA) is a holding company primarily focused on the online travel and leisure industry. It owns a significant interest in TripAdvisor, Inc., one of the world's largest travel platforms, providing a comprehensive platform for users to plan and book travel experiences. The company operates in the digital content and e-commerce sectors, offering travel advice, reviews, and booking services for accommodations, restaurants, and attractions worldwide.
How the Company Makes MoneyLiberty TripAdvisor Holdings makes money mainly through its ownership stake in TripAdvisor, which generates revenue from various streams. Key revenue sources include advertising on its platform, which involves cost-per-click and display-based advertising from travel and non-travel advertisers. Additionally, TripAdvisor earns commissions and transaction fees from hotel bookings, experiences, and restaurant reservations made through its platform. The company also benefits from subscription-based revenue from its Business Advantage and Sponsored Placements offerings, where hotels and other service providers pay for enhanced visibility and features on the TripAdvisor site. Partnerships with other travel companies and platforms can also contribute to revenue by expanding the reach and integration of TripAdvisor's services.
Liberty TripAdvisor Holdings Financial Statement Overview
Summary
Liberty TripAdvisor Holdings faces challenges in profitability and financial stability, as evidenced by declining net income and negative equity. While revenue growth is a positive sign, operational inefficiencies and high leverage pose significant risks. The company's ability to generate cash flow offers some cushion, but strategic improvements in cost management and debt reduction are necessary to enhance financial health.Income Statement
Liberty TripAdvisor Holdings shows significant revenue growth from 2020 to 2024, but profitability is a concern. The company has seen a decline in net income over recent years, leading to negative net profit margins in 2024. Gross profit margins remain high, but operational inefficiencies have resulted in negative EBIT and EBITDA margins, indicating struggles in cost management and operational efficiency.45
Neutral
Balance Sheet
The balance sheet reveals instability with negative stockholders' equity in recent years, indicative of financial distress. The debt-to-equity ratio is not calculable due to negative equity, pointing to high leverage and potential solvency issues. The equity ratio is also concerning, reflecting a high reliance on debt financing.30
Negative
Cash Flow
Cash flow analysis shows a positive operating cash flow, but free cash flow has seen fluctuations. The company has managed to maintain positive free cash flow in 2024 despite negative net income, suggesting some resilience in cash generation. However, the operating cash flow to net income ratio indicates reliance on non-operational cash sources.60
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.83B | 1.79B | 1.49B | 902.00M | 604.00M | Gross Profit |
| 1.70B | 1.37B | 1.15B | 616.00M | 329.00M | EBIT |
| -587.00M | -912.00M | 88.00M | -185.00M | -341.00M | EBITDA |
| -456.00M | -813.00M | 255.00M | 205.00M | -805.00M | Net Income Common Stockholders |
| -178.00M | -285.00M | 46.00M | 38.00M | -862.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.07B | 1.09B | 1.05B | 760.00M | 423.00M | Total Assets |
| 2.89B | 3.56B | 4.64B | 4.38B | 4.09B | Total Debt |
| 1.16B | 1.13B | 1.07B | 1.10B | 491.00M | Net Debt |
| 85.00M | 37.00M | 21.00M | 342.00M | 68.00M | Total Liabilities |
| 2.22B | 2.33B | 2.38B | 2.25B | 1.78B | Stockholders Equity |
| -594.00M | -418.00M | -142.00M | -201.00M | -43.00M |
| Cash Flow | Free Cash Flow | |||
| 144.00M | 163.00M | 334.00M | 43.00M | -270.00M | Operating Cash Flow |
| 144.00M | 226.00M | 390.00M | 97.00M | -215.00M | Investing Cash Flow |
| -73.00M | -63.00M | -52.00M | -54.00M | -56.00M | Financing Cash Flow |
| -62.00M | -127.00M | -22.00M | 306.00M | 345.00M |
Liberty TripAdvisor Holdings Technical Analysis
Negative
0.26
Price Trends
0.26
Negative
0.28
Negative
0.38
Negative
Market Momentum
>-0.01
Positive
40.64
Neutral
68.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LTRPA, the sentiment is Negative. The current price of 0.26 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.26, and below the 200-day MA of 0.38, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.64 is Neutral, neither overbought nor oversold. The STOCH value of 68.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LTRPA.
Liberty TripAdvisor Holdings Risk Analysis
Liberty TripAdvisor Holdings disclosed 49 risk factors in its most recent earnings report. Liberty TripAdvisor Holdings reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Liberty TripAdvisor Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $807.00M | 26.15 | 29.75% | ― | 73.72% | ― | |
74 Outperform | $2.18B | 18.00 | 17.79% | ― | 5.61% | 37.61% | |
74 Outperform | $1.27B | 15.74 | 8.64% | 5.45% | 20.42% | -36.54% | |
58 Neutral | $13.14B | 6.83 | -2.45% | 3.85% | 2.36% | -36.75% | |
52 Neutral | $734.51M | 35.54 | -9999.00% | ― | -4.34% | 20.50% | |
49 Neutral | $19.60M | ― | ― | 2.63% | 38.29% | ||
49 Neutral | $244.67M | ― | -11.75% | ― | -4.88% | 85.67% |
* Communication Services Sector Average
Performance Comparison
LTRPA
Liberty TripAdvisor Holdings
0.26
-1.16
-81.69%
GRPN
Groupon
19.64
8.17
71.23%
YELP
Yelp
35.13
-4.84
-12.11%
TRVG
trivago
3.69
1.14
44.71%
EVER
EverQuote
23.21
4.60
24.72%
OPRA
Opera
15.37
2.42
18.69%
Liberty TripAdvisor Holdings Earnings Call Summary
Earnings Call Date: Feb 27, 2025 | % Change Since: 0.00% | Next Earnings Date: May 8, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted Charter's financial growth and strong mobile performance, alongside TripAdvisor's positive user engagement and TheFork's record financial results. However, challenges included Charter's broadband subscriber losses, GCI's decline in subscribers, and a paused buyback due to ongoing discussions. Overall, the positive financial growth and strategic advancements are tempered by subscriber challenges and strategic uncertainties.Highlights
Charter's Financial Growth
Charter experienced revenue growth of 1.6% and adjusted EBITDA growth of 3.6% during the quarter.
Strong Mobile Performance
Charter added 545,000 mobile net adds, bringing the base to over 9 million lines, with ARPU growth due to the Unlimited Plus tier.
TripAdvisor's Positive Growth
TripAdvisor saw positive growth from its strategy work, with a 30% increase in direct channel monthly active users year-over-year.
TheFork's Record Performance
TheFork reported its best financial performance on record with revenue up 17% and an adjusted EBITDA of $5 million, achieving a 10% margin.
Liberty Broadband's Increase in Cash and Cash Equivalents
Liberty Broadband ended the quarter with consolidated cash and cash equivalents of $168 million.
Lowlights
Charter's Broadband Subscriber Losses
Charter experienced a net loss of 110,000 broadband subscribers, attributed to the ACP disruption.
Challenges with GCI Consumer Subscribers
GCI saw a decline of 1,800 revenue-generating wireless subscribers and a decline of 3,800 cable modem subscribers, heavily impacted by the expiration of the ACP program.
Charter's Paused Buyback
Due to ongoing discussions between Charter and Liberty Broadband, Charter paused its buyback, limiting proceeds from Charter sales.
Company Guidance
During the Liberty Broadband 2024 Q3 earnings call, various metrics were discussed that provided insight into the company's performance and strategic direction. Charter Communications reported a 1.6% revenue growth and a 3.6% increase in adjusted EBITDA for the quarter, despite a net loss of 110,000 broadband subscribers. Mobile services continued to thrive with 545,000 net additions, raising the total to over 9 million lines and boosting ARPU through the Unlimited Plus tier. Liberty Broadband's value of the Charter investment was approximately $18.6 billion, while GCI's revenue rose by $22 million, driven by data revenue growth. Adjusted OIBDA increased by $11 million, despite higher operating costs. Additionally, Liberty Broadband had a total debt of $3.7 billion, excluding preferred stock. Meanwhile, TripAdvisor exhibited strong liquidity with $1.1 billion in cash and $500 million in unborrowed revolver capacity, supporting ongoing strategic discussions and potential transactions.Liberty TripAdvisor Holdings Corporate Events
M&A TransactionsShareholder Meetings
Liberty TripAdvisor Announces Merger with Tripadvisor
Positive
Mar 24, 2025
On March 24, 2025, Liberty TripAdvisor Holdings announced a virtual special meeting for its stockholders on April 24, 2025, to vote on a merger agreement with Tripadvisor and an amendment to its certificate of incorporation. The merger will result in Liberty TripAdvisor becoming an indirect wholly owned subsidiary of Tripadvisor, with stockholders receiving cash and Tripadvisor common stock. This strategic move is expected to strengthen Tripadvisor’s market position and provide financial benefits to Liberty TripAdvisor’s stockholders.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.