Liberty TripAdvisor: Q1 Earnings Snapshot
May 7, 2021
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ENGLEWOOD, Colo. (AP) Liberty TripAdvisor Holdings Inc. (LTRPA) on Friday reported a loss of $90 million in its first quarter.
On a per-share basis, the Englewood, Colorado-based company said it had a loss of $6.13.
The travel website operator posted revenue of $123 million in the period.
In the final minutes of trading on Friday, the company s shares hit $4.74. A year ago, they were trading at $1.86.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LTRPA at https://www.zacks.com/ap/LTRPA
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Peru was the most popular destination offered by G Adventures as part of a National Geographic Journeys partnership.
Small-group tour operator G Adventures Wednesday said it has closed on an investment from New York private equity firm Certares that will position it for growth after the global pandemic.
The amount and terms of the investment were not disclosed, but G Adventures founder Bruce Poon Tip remains the controlling shareholder of the business.
Poon Tip said the investment enables the company to accelerate its pursuit of merger and acquisition opportunities [and] investments in shared services platform upgrades. I m extremely excited that our partners at Certares share our vision and believe in us to identify and realize incredible opportunities for our people, our business and our industry, Poon Tip said. They truly understand our company and are experts in the travel space.
Certares already backs companies such as AmaWaterways, American Express Global Business Travel, LATAM Airlines, Internova Travel Group, and Liberty TripAdvisor Holdings, among others.
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G Adventures, the small-group adventure tour operator headquartered in Toronto, has secured an injection of growth capital from private equity firm Certares.
New York-based Certares listed the transaction in the socially conscious tour operator in the investment section of its website.
It is believed that Certares was the lone investor in the transaction. Bruce Poon Tip founded G Adventures in 1990, and refers to himself on LinkedIn as the owner.
“We’re very excited to be partnering with Certares,” Poon Tip said after this article published. “Their belief in us means and lot and will allow us to continue our aggressive growth as we have done for 31 years pioneering community tourism. Certares are champions of tourism, as you know, so its great to be working with them.”
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Photo Credit: Giorgio Trovato
Liberty Media Acquisition Corporation (LMAC), the newly formed “blank check” acquisition company launched by Liberty Media, raised $575 million in its Initial Public Offering on the Nasdaq Stock Exchange in the US last week.
The company’s 57,500,000 shares started trading at $10 per unit on January 22, under the symbol LMACU.
Citigroup, Morgan Stanley, Credit Suisse and Goldman Sachs & Co. LLC acted as joint book-running managers for the offering.
According to LMAC’s prospectus filed with the SEC, the Liberty Media offshoot was formed in Delaware on November 6, 2020 specifically for the purpose of “effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses”.