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ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE: TNL), a leading leisure travel company, today announced its purchase of The Cedars Ranch in Wimberley, Texas, which it will rebrand to Eddie Bauer Adventure Club – Texas Hill Country, the first “Outpost” in the Eddie Bauer Adventure Club portfolio. The 20-acre property sits among mature live oaks in the heart of Texas Hill Country, less than an hour outside Austin. Reservations for vacation club owners and guests will open in early 202.

Tokyo, Japan--(Newsfile Corp. - October 21, 2026) - TNL Mediagene (NASDAQ: TNMG) (the "Company") today announced that it has entered into a Securities Purchase Agreement with Vector Advisory Partners LLC ("Vector") providing for a $6.25 million strategic equity investment in the Company through the purchase of newly authorized Series A Convertible Preferred Shares and Series B Convertible Preferred Shares. Subject to receipt of required shareholder, Nasdaq, Cayman Islands and other approvals, the transaction is expected to result in Vector holding securities representing approximately 80% of the Company's fully diluted ordinary shares on an as-converted basis, resulting in a change of control of the Company.

Under the terms of the agreement, Vector will invest an aggregate of $6.25 million, consisting of a $1.5 million signing payment and a $4.75 million closing payment. The Company expects to use the proceeds for approved debt repayments and transaction expenses, with the remaining proceeds retained as permanent equity and working capital, including an initial operating-transition reserve of at least $750,000 unless Vector otherwise approves. Up to $800,000 may be designated after closing as a discretionary issuer-repurchase reserve, subject to further board approval and applicable legal and Nasdaq requirements.

The investment is structured as perpetual preferred equity with a 1.0x non-participating liquidation preference and no stated maturity, mandatory redemption obligation, holder put right or mandatory cash dividend. At closing, the Company expects to issue approximately 938,257 Series A Convertible Preferred Shares for an allocated purchase price of approximately $1.56 million and approximately 2,816,647 Series B Convertible Preferred Shares for an allocated purchase price of approximately $4.69 million, with both series fully paid at closing and each series having an original issue price of approximately $1.66449 per share. Before receipt of the required approvals, the Series A Convertible Preferred Shares will carry only those conversion and governance rights that may be exercised without further approval and are expected to represent approximately 19.99% of the Company's fully diluted ordinary shares on an as-converted basis, consistent with applicable Nasdaq shareholder-approval limitations. The Series B Convertible Preferred Shares will not be convertible or carry approval-gated governance rights unless and until the applicable approvals are obtained and effective. Following receipt of those approvals, the two series together are expected to represent approximately 80% of the Company's fully diluted ordinary shares on an as-converted basis.

The transaction is expected to close on a mutually agreed date no later than the tenth calendar day following the effective date of the Securities Purchase Agreement, subject to the satisfaction or permissible waiver of specified closing conditions, including required corporate, regulatory and compliance matters. Vector's obligation to close is not subject to any due-diligence, confirmatory-review, financing or discretionary-satisfaction condition.

As part of the transaction, Vector may designate one individual for appointment to the Company's Board of Directors at closing, subject to applicable legal, Nasdaq and Cayman Islands requirements, the Company's organizational documents and customary director diligence. Additional governance rights contemplated by the transaction, including governance rights associated with the anticipated change of control, will become effective only following receipt of the applicable required approvals.

Management Commentary

Motoko Imada, Chief Executive Officer of the Company, commented:

"This transaction marks a pivotal transition for TNL Mediagene. Following receipt of the required approvals, Vector is expected to hold securities representing a majority economic ownership interest in the Company on an as-converted basis, and the transaction may result in related governance and strategic changes pursuant to additional approved arrangements. As we move through closing and the transition process, our priorities will be an orderly process, clear communication with our stakeholders and positioning the Company for its next chapter."

"We are pleased to make this strategic investment," said Kristin Martin, Chief Executive Officer and Co-Owner of Vector Advisory Partners LLC. "We look forward to working with the Board through the approval process and to building long-term value for all shareholders."

Expected Change of Control

During the period before closing, the Company may continue to evaluate, negotiate and, if appropriate, complete the proposed management buyouts of its Japanese and Taiwan businesses in accordance with the Securities Purchase Agreement.

The transaction is structured to provide capital through the signing payment and closing consideration while deferring certain conversion and governance rights pending receipt of required shareholder, Nasdaq, Cayman Islands and other approvals. No ordinary shares will be issued to Vector at closing. The Series A Convertible Preferred Shares are expected to represent approximately 19.99% of the Company's fully diluted ordinary shares on an as-converted basis before those approvals, while the Series A Convertible Preferred Shares and Series B Convertible Preferred Shares together are expected to represent approximately 80% on that basis following their receipt. As a result, the Company expects the transaction to result in a change of control upon the effectiveness of the required approvals and related governance rights. If the required approvals are not obtained, the Preferred Shares will remain outstanding and will not be subject to redemption or repurchase solely as a result, but the approval-gated conversion and governance rights will not become exercisable.

Additional Information Regarding the Transaction

The Company has provided additional information regarding the transaction in a Report on Form 6-K furnished to the Securities and Exchange Commission. Investors and shareholders are encouraged to read the Form 6-K and the Securities Purchase Agreement furnished as an exhibit thereto because they contain important information regarding the transaction and its terms.

The Preferred Shares and any ordinary shares issuable upon conversion have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

About TNL Mediagene

Headquartered in Tokyo, TNL Mediagene (NASDAQ: TNMG) is a technology company providing AI-powered advertising, marketing technology, content commerce, and data analytics solutions to brands and agencies across Asia. Formed in May 2023 through the merger of Japan's Mediagene Inc. and Taiwan's The News Lens Co., Ltd., the Company combines advertising and marketing technology platforms with a portfolio of established digital media brands to deliver integrated solutions for the evolving digital landscape.

The Company's technology offerings include AI-driven advertising, marketing and digital studio services, content commerce, and advanced data analytics capabilities. These solutions are supported by the Company's well-established multi-language digital media brands in Japanese, Chinese, and English, spanning business, technology, lifestyle, and culture, which provide audience engagement and first-party data.

Known for its appeal to younger audiences and high-quality content, TNL Mediagene has approximately 480 employees with offices in Japan and Taiwan.

https://www.tnlmediagene.com/

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the expected timing and completion of the transaction; the satisfaction or waiver of closing conditions; the receipt and effectiveness of required shareholder, Nasdaq, Cayman Islands and other approvals (the "Requisite Approvals"); the possibility that the Requisite Approvals may not be obtained and that approval-gated conversion and governance rights may never become exercisable; the issuance, funding, conversion and ownership effects of the Preferred Shares; the expected ownership percentages of Vector on an as-converted basis; the anticipated change of control and related changes in ownership, governance and strategic direction; the potential dilution to existing shareholders; the Company's anticipated use of proceeds, including debt repayments, transaction expenses, working capital, operations, the operating-transition reserve and any issuer-repurchase reserve; the evaluation, negotiation and potential completion of the proposed management buyouts of the Company's Japanese and Taiwan businesses; and the anticipated benefits of the transaction, future operations, business plans and strategic objectives. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among others, the possibility that the transaction may not be completed on the anticipated terms or at all; the failure to satisfy or waive closing conditions; delays in or failure to obtain the Requisite Approvals; the possibility that approval-gated conversion and governance rights may never become exercisable and the anticipated change of control may not occur; changes in the Company's capitalization or the expected ownership percentages; the amount and dilutive effect of ordinary shares issuable upon conversion of the Preferred Shares; changes in the anticipated use of proceeds or the Company's ability to apply the proceeds as contemplated; the ability to negotiate, finance, complete or realize the anticipated benefits of the proposed management buyouts; market conditions; and other risks described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320142

Source: TNL Mediagene

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Tokyo, Japan--(Newsfile Corp. - October 16, 2026) - TNL Mediagene (NASDAQ: TNMG) (the "Company"), a technology and digital media company providing AI-driven advertising, marketing technology, content commerce and data analytics solutions, and operating multi-language digital media brands across Asia, today announced that it has received a letter from The Nasdaq Stock Market LLC ("Nasdaq") dated October 14, 2026 confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), the minimum bid price requirement, as required by the decision of the Nasdaq Hearings Panel (the "Panel") dated August 23, 2026 (the "Decision").

The Company's continued listing remains subject to the terms of the Decision. Among other things, those terms require the Company to demonstrate compliance with the minimum $2.5 million stockholders' equity requirement under Nasdaq Listing Rule 5550(b)(1) on or before October 30, 2026. The Company's ordinary shares will continue to trade on The Nasdaq Capital Market under the symbol "TNMG" during the exception period. There can be no assurance that the Company will demonstrate compliance with the stockholders' equity requirement within the required timeframe.

About TNL Mediagene

Headquartered in Tokyo, TNL Mediagene (NASDAQ: TNMG) is a technology company providing AI-powered advertising, marketing technology, content commerce, and data analytics solutions to brands and agencies across Asia. Formed in May 2023 through the merger of Japan's Mediagene Inc. and Taiwan's The News Lens Co., Ltd., the Company combines advertising and marketing technology platforms with a portfolio of established digital media brands to deliver integrated solutions for the evolving digital landscape.

The Company's technology offerings include AI-driven advertising, marketing and digital studio services, content commerce, and advanced data analytics capabilities. These solutions are supported by the Company's well-established multi-language digital media brands in Japanese, Chinese, and English, spanning business, technology, lifestyle, and culture, which provide audience engagement and first-party data.

Known for its appeal to younger audiences and high-quality content, TNL Mediagene has approximately 480 employees with offices in Japan and Taiwan.

https://www.tnlmediagene.com/

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to TNL Mediagene. Forward-looking statements generally relate to future events or TNL Mediagene's future financial or operating performance. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "aim," "seek" or the negative or plural forms of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements in this communication speak only as of the date they are made. New uncertainties and risks arise from time to time, and it is impossible for TNL Mediagene to predict these events or how they may affect TNL Mediagene. In addition, risks and uncertainties are described in TNL Mediagene's filings with the SEC, including the risks and uncertainties set forth under the heading "Risk Factors" in TNL Mediagene's Annual Report on Form 20-F filed on April 30, 2026, as may be supplemented or amended by TNL Mediagene's Reports of a Foreign Private Issuer on Form 6-K. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Important factors include the Company's ability to demonstrate compliance with the stockholders' equity requirement; the Company's ability to maintain compliance with the minimum bid price requirement and Nasdaq's other continued listing requirements; the potential delisting of the Company's securities from Nasdaq; and other risks described in TNL Mediagene's filings with the SEC. TNL Mediagene cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that TNL Mediagene presently does not know or that TNL Mediagene currently does not believe are material that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by TNL Mediagene, its directors, officers or employees or any other person. Except as required by applicable law, TNL Mediagene does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of TNL Mediagene as of any date subsequent to the date of this communication.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319342

Source: TNL Mediagene

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Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company to watch right now is Travel Leisure Co. (TNL - Free Report) . TNL is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 8.65 right now. For comparison, its industry sports an average P/E of 15.78. Over the last 12 months, TNL's Forward P/E has been as high as 9.08 and as low as 5.73, with a median of 7.93.

We also note that TNL holds a PEG ratio of 0.53. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. TNL's industry currently sports an average PEG of 1.12. Over the last 12 months, TNL's PEG has been as high as 0.74 and as low as 0.31, with a median of 0.54.

Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. TNL has a P/S ratio of 0.94. This compares to its industry's average P/S of 2.07.

Finally, we should also recognize that TNL has a P/CF ratio of 7.85. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. TNL's P/CF compares to its industry's average P/CF of 13.18. Over the past 52 weeks, TNL's P/CF has been as high as 8.16 and as low as 4.94, with a median of 6.71.

Value investors will likely look at more than just these metrics, but the above data helps show that Travel Leisure Co. is likely undervalued currently. And when considering the strength of its earnings outlook, TNL sticks out as one of the market's strongest value stocks.

ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE:TNL) announced today it will release third quarter 2026 financial results on Tuesday, October 27, 2026, before the market opens, followed by a conference call at 8:30 a.m. EDT. Michael D. Brown, President and CEO, and Erik Hoag, CFO, will discuss the Company's financial performance and business outlook. Participants may listen to a simultaneous webcast of the conference call, which may be accessed through the Company's website at travel.

Bank of America Corp DE bought a new stake in Travel + Leisure Co. (NYSE:TNL – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 257,264 shares of the company’s stock, valued at approximately $19,663,000. Bank of America Corp DE owned about 0.42% of Travel + Leisure at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Travel + Leisure during the second quarter worth $543,957,000. Norges Bank bought a new position in shares of Travel + Leisure in the 4th quarter worth about $62,162,000. Bank of New York Mellon Corp bought a new position in shares of Travel + Leisure in the 2nd quarter worth about $55,087,000. Gotham Asset Management LLC lifted its stake in shares of Travel + Leisure by 139.2% in the 4th quarter. Gotham Asset Management LLC now owns 631,336 shares of the company’s stock valued at $44,528,000 after purchasing an additional 367,356 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in shares of Travel + Leisure by 21.7% in the 1st quarter. Quantinno Capital Management LP now owns 1,305,515 shares of the company’s stock valued at $90,329,000 after purchasing an additional 232,711 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades TNL has been the topic of several research analyst reports. Citigroup restated a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Mizuho lifted their target price on Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Barclays boosted their price target on Travel + Leisure from $74.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group upgraded Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Monday, June 1st. Finally, Morgan Stanley raised their price objective on shares of Travel + Leisure from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.18.

View Our Latest Report on Travel + Leisure Travel + Leisure Stock Performance NYSE:TNL opened at $62.80 on Friday. Travel + Leisure Co. has a 52 week low of $58.07 and a 52 week high of $81.00. The firm has a 50-day moving average price of $70.93 and a two-hundred day moving average price of $70.95. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 0.43 and a beta of 1.15.

Travel + Leisure (NYSE:TNL – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.88. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.65 EPS. As a group, sell-side analysts forecast that Travel + Leisure Co. will post 7.7 earnings per share for the current year.

Travel + Leisure Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, September 16th. Travel + Leisure’s dividend payout ratio is 65.57%.

Insider Buying and Selling at Travel + Leisure In other news, CAO Thomas Michael Duncan sold 20,000 shares of Travel + Leisure stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $74.16, for a total transaction of $1,483,200.00. Following the sale, the chief accounting officer directly owned 5,307 shares in the company, valued at $393,567.12. The trade was a 79.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kimberly Marshall sold 32,691 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total transaction of $2,451,825.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 86,635 shares of company stock worth $6,503,559 in the last quarter. 4.01% of the stock is currently owned by company insiders.

Travel + Leisure Profile (Free Report)

Travel + Leisure Co (NYSE:TNL) is a hospitality and leisure company focused primarily on vacation ownership, membership, and travel services. The company develops, sells, and manages vacation ownership interests and related travel products through brands that include Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and Travel + Leisure Co vacation ownership offerings.

The company also operates RCI, a vacation exchange network that enables members of affiliated vacation ownership programs to exchange accommodations in destinations around the world.

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WINTON GROUP Ltd lessened its holdings in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 96.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,500 shares of the company’s stock after selling 92,158 shares during the period. WINTON GROUP Ltd’s holdings in Travel + Leisure were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC raised its stake in Travel + Leisure by 13,195.5% during the 2nd quarter. NewEdge Advisors LLC now owns 2,925 shares of the company’s stock valued at $224,000 after acquiring an additional 2,903 shares in the last quarter. Nykredit A S bought a new position in shares of Travel + Leisure in the second quarter worth $216,000. Allianz Asset Management GmbH increased its holdings in shares of Travel + Leisure by 3,677.9% during the second quarter. Allianz Asset Management GmbH now owns 301,478 shares of the company’s stock valued at $23,042,000 after purchasing an additional 293,498 shares during the period. Corient Private Wealth LP increased its holdings in shares of Travel + Leisure by 23.8% during the second quarter. Corient Private Wealth LP now owns 171,547 shares of the company’s stock valued at $13,111,000 after purchasing an additional 33,002 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of Travel + Leisure by 5.9% during the second quarter. HighTower Advisors LLC now owns 47,706 shares of the company’s stock valued at $3,646,000 after purchasing an additional 2,671 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance TNL opened at $63.77 on Friday. The company has a market capitalization of $3.90 billion, a PE ratio of 17.42, a P/E/G ratio of 0.44 and a beta of 1.15. The stock’s fifty day moving average is $72.05 and its 200-day moving average is $71.35. Travel + Leisure Co. has a one year low of $58.07 and a one year high of $81.00.

Travel + Leisure (NYSE:TNL – Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.88. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.Travel + Leisure’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 earnings per share. On average, equities research analysts forecast that Travel + Leisure Co. will post 7.7 EPS for the current fiscal year. Travel + Leisure Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, September 16th. This represents a $2.40 annualized dividend and a dividend yield of 3.8%. Travel + Leisure’s dividend payout ratio (DPR) is 65.57%.

Analyst Upgrades and Downgrades Several equities research analysts recently weighed in on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a report on Thursday, July 23rd. Barclays raised their target price on shares of Travel + Leisure from $74.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Susquehanna assumed coverage on shares of Travel + Leisure in a research report on Tuesday, August 18th. They set a “positive” rating and a $95.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Travel + Leisure in a research note on Tuesday, July 21st. Finally, The Goldman Sachs Group raised shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Monday, June 1st. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average target price of $89.18.

Read Our Latest Research Report on TNL

Insider Activity In other news, insider Geoffrey Richards sold 33,744 shares of Travel + Leisure stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $75.65, for a total value of $2,552,733.60. Following the transaction, the insider owned 1,600 shares of the company’s stock, valued at $121,040. The trade was a 95.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kimberly Marshall sold 32,691 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total transaction of $2,451,825.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 86,635 shares of company stock worth $6,503,559. Corporate insiders own 4.01% of the company’s stock.

About Travel + Leisure (Free Report)

Travel + Leisure Co (NYSE:TNL) is a hospitality and leisure company focused primarily on vacation ownership, membership, and travel services. The company develops, sells, and manages vacation ownership interests and related travel products through brands that include Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and Travel + Leisure Co vacation ownership offerings.

The company also operates RCI, a vacation exchange network that enables members of affiliated vacation ownership programs to exchange accommodations in destinations around the world.

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Travel + Leisure Co. (TNL) Presents at Goldman Sachs Global Consumer and Retail Conference Transcript

Squarepoint Ops LLC lessened its holdings in Travel + Leisure Co. (NYSE:TNL – Free Report) by 52.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,244 shares of the company’s stock after selling 37,243 shares during the quarter. Squarepoint Ops LLC owned 0.06% of Travel + Leisure worth $2,617,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of Travel + Leisure by 42.0% in the first quarter. Royal Bank of Canada now owns 91,184 shares of the company’s stock worth $4,222,000 after buying an additional 26,965 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Travel + Leisure during the 1st quarter valued at about $396,000. Millennium Management LLC grew its position in Travel + Leisure by 129.5% during the 1st quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock worth $19,141,000 after acquiring an additional 233,345 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Travel + Leisure by 97.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 200,286 shares of the company’s stock worth $9,271,000 after acquiring an additional 98,647 shares during the last quarter. Finally, United Services Automobile Association purchased a new position in Travel + Leisure in the 1st quarter worth approximately $206,000. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Price Performance TNL opened at $66.83 on Monday. Travel + Leisure Co. has a one year low of $58.07 and a one year high of $81.00. The business has a 50 day simple moving average of $72.81 and a two-hundred day simple moving average of $71.64. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 0.45 and a beta of 1.15.

Travel + Leisure (NYSE:TNL – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $1.65 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that Travel + Leisure Co. will post 7.7 EPS for the current fiscal year. Travel + Leisure Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.60 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $2.40 annualized dividend and a yield of 3.6%. Travel + Leisure’s payout ratio is 65.57%.

Insider Activity at Travel + Leisure In other Travel + Leisure news, insider Kimberly Marshall sold 32,691 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $75.00, for a total transaction of $2,451,825.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Thomas Michael Duncan sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $74.16, for a total transaction of $1,483,200.00. Following the completion of the transaction, the chief accounting officer owned 5,307 shares of the company’s stock, valued at $393,567.12. This trade represents a 79.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 87,135 shares of company stock worth $6,541,139. 4.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets TNL has been the subject of several recent research reports. Morgan Stanley boosted their price objective on Travel + Leisure from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Travel + Leisure in a report on Tuesday, July 21st. Zacks Research downgraded shares of Travel + Leisure from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Wells Fargo & Company upped their price target on shares of Travel + Leisure from $87.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Susquehanna began coverage on shares of Travel + Leisure in a report on Tuesday, August 18th. They set a “positive” rating and a $95.00 price target for the company. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.18.

Get Our Latest Research Report on Travel + Leisure

About Travel + Leisure (Free Report)

Travel + Leisure Co (NYSE:TNL) is a hospitality and leisure company focused primarily on vacation ownership, membership, and travel services. The company develops, sells, and manages vacation ownership interests and related travel products through brands that include Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and Travel + Leisure Co vacation ownership offerings.

The company also operates RCI, a vacation exchange network that enables members of affiliated vacation ownership programs to exchange accommodations in destinations around the world.

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ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE:TNL), a leading leisure travel company providing more than six million vacations to travelers around the world every year, today released its 2025 Corporate Responsibility Report, highlighting progress across its environmental, social and governance priorities and outlining new 2030 environmental targets. The report comes as the company surpasses its decade-long goal to reduce greenhouse gas emissions intensity by 40%. The Travel + Leis.

ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE:TNL) announced today that Erik Hoag, Chief Financial Officer, will participate in a fireside chat session at the Goldman Sachs 33rd Annual Global Consumer and Retail Conference on Monday, September 14, 2026 at 9:15 a.m. EDT. A live audio webcast will be available in the investor relations section of the company's website at travelandleisureco.com/investors. A replay will be available approximately 24 hours after the ending of this event.

Jupiter Topco LLC acquired a new position in shares of Travel + Leisure Co. (NYSE: TNL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,830 shares of the company's stock, valued at approximately $1,899,000. Other hedge

Among the conditions, the Company must demonstrate compliance with the minimum bid price requirement by September 21, 2026 and the stockholders' equity requirement by October 30, 2026Tokyo, Japan--(Newsfile Corp. - August 25, 2026) - TNL Mediagene (NASDAQ: TNMG) (the "Company"), a technology and digital media company providing AI-driven advertising, marketing technology, content commerce and data analytics solutions, and operating multi-language digital media brands across Asia, today announced that on August 23, 2026, the Company received a written decision from the Nasdaq Hearings Panel (the "Panel") of The Nasdaq Stock Market LLC ("Nasdaq") granting the Company's request for continued listing on The Nasdaq Capital Market, subject to the Company's satisfaction of certain conditions. Those conditions include the following:

On or before September 21, 2026, the Company must demonstrate compliance with the Listing Rule 5550(a)(2) (the "Bid Price Rule"); and On or before October 30, 2026, the Company must demonstrate compliance with the Listing Rule 5550(b)(1) (the "Equity Rule").The Panel's decision also requires the Company to provide prompt notification of any significant events occurring during the exception period that may affect the Company's compliance with Nasdaq requirements, including any event that may call into question the Company's ability to meet the terms of the exception granted. The Panel has reserved the right to reconsider the terms of the exception based on any event, condition or circumstance that exists or develops that would, in the opinion of the Panel, make continued listing of the Company's securities on Nasdaq inadvisable or unwarranted. The foregoing summarizes certain terms of the Panel's decision and does not describe all of the terms and conditions of the decision.

The Panel's decision follows a hearing held on August 4, 2026, at which the Company presented its plan to regain compliance with the Bid Price Rule and the Equity Rule. The Company's ordinary shares will continue to be listed and traded on Nasdaq under the symbol "TNMG" during the exception period, subject to the Company's satisfaction of the conditions set forth in the Panel's decision. Any compliance submission by the Company will be subject to review by the Panel. There can be no assurance that the Company will satisfy the conditions of the Panel's decision or otherwise regain compliance with the applicable listing requirements, and a failure to do so would result in the delisting of the Company's securities from Nasdaq.

On June 22, 2026, the Company received a determination letter (the "Determination Letter") from the staff of the Listing Qualifications Department of Nasdaq notifying the Company of the staff's determination to delist the Company's securities from The Nasdaq Capital Market as a result of the Company's failure to regain compliance with the Bid Price Rule and the Company's previously notified non-compliance with the Equity Rule, as described in the Company's press release dated June 26, 2026. On June 29, 2026, the Company requested a hearing before the Panel. On July 1, 2026, Nasdaq notified the Company that the hearing request had been granted and scheduled the hearing for August 4, 2026.

About TNL Mediagene

Headquartered in Tokyo, TNL Mediagene (NASDAQ: TNMG) is a technology and digital media company providing AI-driven advertising, marketing technology, content commerce and data analytics solutions, and operating multi-language digital media brands across Asia. Formed in May 2023 through the merger of Japan's Mediagene Inc. and Taiwan's The News Lens Co., Ltd., the Company combines advertising and marketing technology platforms with a portfolio of established digital media brands to deliver integrated solutions for the evolving digital landscape.

The Company's technology offerings include AI-driven advertising, marketing and digital studio services, content commerce, and advanced data analytics capabilities. These solutions are supported by the Company's well-established multi-language digital media brands in Japanese, Chinese, and English, spanning business, technology, lifestyle, and culture, which provide audience engagement and first-party data.

Known for its appeal to younger audiences, and high-quality content, TNL Mediagene has approximately 480 employees with offices in Japan and Taiwan.

https://www.tnlmediagene.com/

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to TNL Mediagene. Forward-looking statements generally relate to future events or TNL Mediagene's future financial or operating performance. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "aim," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements in this communication include, but are not limited to, statements regarding the Company's ability to satisfy the conditions of the Panel's decision and to regain and maintain compliance with Nasdaq's continued listing requirements, and the potential delisting of the Company's securities from Nasdaq. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for TNL Mediagene to predict these events or how they may affect TNL Mediagene. In addition, risks and uncertainties are described in TNL Mediagene's filings with the Securities and Exchange Commission, including the risks and uncertainties set forth under the heading "Risk Factors" in TNL Mediagene's FY2025 Annual Report on Form 20-F filed on April 30, 2026, as may be supplemented or amended by the TNL Mediagene's Reports of a Foreign Private Issuer on Form 6-K. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. TNL Mediagene cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that TNL Mediagene presently does not know or that TNL Mediagene currently does not believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by TNL Mediagene, its directors, officers or employees or any other person. Except as required by applicable law, TNL Mediagene does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of TNL Mediagene as of any date subsequent to the date of this communication.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311390

Source: TNL Mediagene

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Deutsche Bank AG bought a new stake in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 96,806 shares of the company’s stock, valued at approximately $7,399,000. Deutsche Bank AG owned 0.16% of Travel + Leisure as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TNL. Louisiana State Employees Retirement System bought a new stake in Travel + Leisure in the first quarter worth approximately $1,294,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Travel + Leisure by 22.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 199,224 shares of the company’s stock worth $14,051,000 after buying an additional 36,308 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Travel + Leisure during the 4th quarter worth approximately $2,231,000. LSV Asset Management boosted its holdings in shares of Travel + Leisure by 1.1% during the 4th quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock worth $113,741,000 after buying an additional 17,377 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of Travel + Leisure during the 4th quarter worth approximately $2,829,000. Institutional investors own 87.54% of the company’s stock.

Insider Activity In other news, insider Kimberly Marshall sold 32,691 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total transaction of $2,451,825.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Herrera sold 500 shares of Travel + Leisure stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total value of $37,580.00. Following the sale, the director owned 1,353 shares in the company, valued at $101,691.48. The trade was a 26.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,135 shares of company stock worth $7,022,699 over the last quarter. Insiders own 4.01% of the company’s stock.

Travel + Leisure Stock Performance Shares of Travel + Leisure stock opened at $71.63 on Monday. The stock has a market capitalization of $4.38 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 0.49 and a beta of 1.17. Travel + Leisure Co. has a 52 week low of $58.07 and a 52 week high of $81.00. The stock has a 50 day moving average price of $75.15 and a two-hundred day moving average price of $72.12. Travel + Leisure (NYSE:TNL – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. Travel + Leisure’s revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts forecast that Travel + Leisure Co. will post 7.6 EPS for the current year.

Travel + Leisure Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.60 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $2.40 annualized dividend and a dividend yield of 3.4%. Travel + Leisure’s dividend payout ratio is presently 65.57%.

Wall Street Analyst Weigh In TNL has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Travel + Leisure in a research note on Tuesday, July 21st. Mizuho increased their target price on shares of Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Barclays raised their price target on shares of Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Wells Fargo & Company lifted their price target on shares of Travel + Leisure from $87.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Monday, June 1st. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Travel + Leisure currently has a consensus rating of “Moderate Buy” and an average price target of $87.82.

View Our Latest Stock Analysis on Travel + Leisure

Travel + Leisure Company Profile (Free Report)

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.

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Sy Esfahani, chief technology officer of Travel + Leisure Co. (TNL -0.73%), sold 52,617 shares of common stock on August 4, according to an SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$4.1 millionShares sold52,617Post-transaction shares (directly held)30,545Post-transaction value$2.38 millionTransaction value based on SEC Form 4 weighted average sale price ($78.00); post-transaction value based on August 4 market close ($78.06).

Key questionsHow does this disposition affect the executive's direct equity exposure?Esfahani retains 30,545 shares. This remaining direct position is valued at roughly $2.38 million based on the market close on the transaction date.What is the recent performance context for the stock relative to this trade?
The shares were sold at $78.00, while the stock has delivered a roughly 30% return over the 12-month period ending on the transaction date. As of the August 5 market close, the share price was $77.90.Are there additional equity components to consider beyond the direct common stock?
Footnotes in the filing indicate that the insider's holdings include restricted stock units, which were corrected in this filing due to an administrative error in previous reports. No other share classes or indirect holdings were disclosed.Company OverviewMetricValueShare Price (as of market close 2026-08-05)$77.90Market Capitalization$4.7 billionRevenue (TTM)$4.1 billionNet Income (TTM)$237 millionCompany SnapshotTravel + Leisure Co. operates through two primary divisions: Vacation Ownership, which develops, markets, and sells fractional vacation ownership interests (VOIs) directly to consumers with integrated consumer financing, and Travel & Membership, which provides travel services and membership-based offerings to a global customer base.The company generates revenue through the sale of vacation ownership interests, consumer financing operations, property management services across vacation ownership properties, and membership-based travel products and services.The company primarily serves affluent individual consumers seeking vacation ownership experiences and travel-related membership benefits, with a global customer base spanning multiple geographic markets.Travel + Leisure Co. is a global hospitality enterprise with a market capitalization of $4.7 billion and TTM revenue of $4.1 billion, positioning it as a significant player in the vacation ownership and travel services sectors. The company leverages a diversified business model combining fractional ownership sales, consumer financing, and membership-based travel services to generate recurring revenue streams and enhance customer lifetime value. With operations across multiple vacation ownership properties, TNL maintains a competitive advantage through its integrated platform that captures value across the vacation ownership lifecycle and travel experience spectrum.

What this transaction means for investorsThe sale is bigger than what's left, which is the detail that stands out here because it certainly seems like a larger reduction than the typical executive trim. That said, the timing, coming two weeks after earnings, and the stock’s return, up around 30% over the past year, make this read more like locking in gains than heading for the exit. It’s worth noting too that the filing corrected an earlier error in how his restricted units were reported, so the remaining figure now should be accurate.

The company, meanwhile, gave him a decent backdrop to sell into. Late last month, Travel + Leisure reported that it grew second-quarter revenue 4% to $1.06 billion, lifted adjusted earnings per share 14% to $1.88, and raised its full-year profit guidance, helped by two resort acquisitions adding more than 100,000 owners. CEO Michael Brown said 2026 is delivering "compounding growth across the P&L." Ultimately, that owner base is the engine worth watching, because the vacation ownership model runs on selling more to existing members, and the acquisitions just widened that pool.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Jeffrey Myers, an executive at Travel + Leisure Co. (TNL -0.73%), sold 34,000 shares of common stock on August 4, according to an SEC Form 4 filing.

Transaction summaryMetricValueShares sold34,000Transaction value$2.6 millionPost-transaction shares (directly held)67,787Post-transaction value$5.29 millionTransaction value based on SEC Form 4 weighted average sale price ($77.76); post-transaction value based on August 4 market close ($78.06).

Key questionsWhat was the execution strategy for this disposition?
The shares were sold in multiple blocks at prices ranging from $77.75 to $77.96, resulting in a weighted average execution price of $77.76 per share.How does this transaction affect the insider's total beneficial ownership?
Jeffrey Myers maintains a remaining direct position of 67,787 shares, including restricted stock units that were adjusted in this filing to correct a prior administrative error.What is the company's current scale and market position?
Travel + Leisure Co. operates as a global hospitality firm with approximately 19,000 employees and a market capitalization of $4.7 billion as of the August 5 market close.What are the core revenue drivers for the enterprise?
The company reported trailing 12-month revenue of $4.1 billion, derived primarily from its Vacation Ownership and Travel & Membership divisions.Company OverviewMetricValueShare Price (as of market close 2026-08-05)$77.90Market Capitalization$4.7 billionRevenue (TTM)$4.1 billionNet Income (TTM)$237 millionCompany SnapshotTravel + Leisure Co. operates through two primary divisions: Vacation Ownership, which develops, markets, and sells fractional vacation ownership interests (VOIs) directly to consumers with integrated consumer financing, and Travel & Membership, which provides travel services and membership-based offerings to a global customer base.The company generates revenue through the sale of vacation ownership interests, consumer financing operations, property management services, vacation ownership properties, and membership-based travel products and services.The company primarily serves affluent individual consumers seeking vacation ownership experiences and travel-related membership benefits, with a global customer base spanning multiple geographic markets.Travel + Leisure Co. is a global hospitality enterprise with a market capitalization of $4.7 billion and TTM revenue of $4.1 billion, positioning it as a significant player in the vacation ownership and travel services sectors. The company leverages a diversified business model combining fractional ownership sales, consumer financing, and membership-based travel services to generate recurring revenue streams and enhance customer lifetime value. With over 19,000 employees and operations across multiple vacation ownership properties, TNL maintains a competitive advantage through its integrated platform that captures value across the vacation ownership lifecycle and travel experience spectrum.

What this transaction means for investorsSelling in tight blocks just under $78 and keeping more than he sold, Myers trimmed his position without unwinding it and walked away with 67,787 shares, over half his direct stake, plus additional RSUs, still in hand. That's the shape of ordinary profit-taking, an executive clipping some gains near a stock that has climbed around 30% over the past year, not backing away from the company. The filing also cleaned up a prior paperwork error in how his restricted units were counted, which changes nothing about the sale.

The business gave him a firm backdrop. Travel + Leisure grew second-quarter revenue 4% to $1.06 billion, raised its full-year profit guidance, and returned $125 million to shareholders in the quarter through dividends and buybacks, helped by two resort deals that widened its owner base. CEO Michael Brown said 2026 is delivering "compounding growth across the P&L." That shareholder return is a steadying feature to weigh against a run of insider sales, because ultimately, a company buying back its own stock while raising guidance signals more confidence than a few executive sales undercut.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

DENVER, Aug. 04, 2026 (GLOBE NEWSWIRE) -- (247marketnews.com) -- Artificial intelligence is reshaping digital marketing, but not every company is pursuing the opportunity in the same way. Recent developments from TNL Mediagene (NASDAQ: TNMG) and Totaligent (OTCID: TGNT) illustrate two distinct strategies: one centered on enterprise AI services built atop an established media and consulting business, the other focused on developing an AI-powered marketing platform while broadening its strategic ambitions through acquisitions.

TNL Mediagene's latest partnership with Miro represents an expansion of its AI-powered digital studio business rather than a pivot into a new market. Through its Japan-based subsidiary Infobahn, the company plans to combine decades of design-thinking and enterprise consulting experience with Miro's AI-powered visual collaboration platform to deliver organizational design and human resource development services for large enterprises in Japan. The initiative aligns with TNL Mediagene's broader strategy of embedding AI into advertising, marketing technology, consulting and digital transformation services across Asia.

The partnership also builds on an important foundation: digital studio services already represent TNL Mediagene's largest business segment, according to the company's fiscal 2025 annual report. Rather than introducing an entirely new business line, the company is extending existing client relationships by integrating AI-enabled workflows into consulting engagements, organizational transformation projects and enterprise collaboration.

Totaligent, by contrast, has emphasized building an AI-powered person-based digital marketing platform designed to combine audience targeting, campaign execution and automation into a unified offering. The company has completed quality assurance testing across its marketing platform and has described AI integration as central to its long-term strategy. At the same time, Totaligent has announced plans to pursue acquisitions and joint ventures beyond its core marketing business, including transactions involving healthcare technology and biologics distribution, reflecting a broader diversification strategy.

The contrast is notable. TNL Mediagene is leveraging established enterprise consulting capabilities, media brands and first-party audience relationships to expand higher-value AI services for existing customers. Its partnership with Miro focuses on workplace transformation, organizational design and collaborative innovation, areas where AI increasingly serves as an accelerator rather than a replacement for human expertise.

Totaligent's strategy is more platform-centric. The company is working to create an integrated marketing ecosystem while simultaneously seeking strategic acquisitions that could broaden its technology portfolio. That approach offers potentially larger optionality but also introduces greater execution complexity, as platform development, commercialization and acquisition integration all require sustained operational progress.

Both companies are responding to the same macro trend: enterprises increasingly want AI embedded directly into business workflows rather than deployed as standalone software. Yet they are attacking different portions of the value chain. TNL Mediagene is positioning itself as an enterprise AI services and consulting provider with strong regional expertise across Asia. Totaligent is attempting to build proprietary marketing infrastructure while expanding through strategic transactions.

Sources

TNL Mediagene Investor Relations: https://www.tnlmediagene.com/Miro: https://miro.com/Totaligent News: https://www.globenewswire.com/search/organization/TotaligentTotaligent Announcement: https://www.globenewswire.com/news-release/2025/12/23/3209858/0/en/Totaligent-Wraps-Up-2025-with-Completion-of-Full-Marketing-Platform-Shares-Holiday-Message-from-CEO.htmlTotaligent 2026 Annual Report (OTC Markets): https://www.otcmarkets.com/filing/html?guid=BbI-kpbfgj_WJth&id=19319920 About 24/7 Market News

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Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to a number of factors, including without limitation, the Company's ability to continue as a going concern, general economic conditions, and other risk factors detailed in the Company's filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update such forward-looking statements except in accordance with applicable law.

TNL Mediagene's Board of Directors has established a special committee of independent directors to evaluate, and make recommendations to the Board regarding, potential strategic transactions and alternatives available to the Company.

The special committee is composed solely of independent directors - Priscilla Han (Chair), Lauren Zalaznick, and Naoko Okumoto.

The special committee has retained Greenberg Traurig, LLP as its independent legal counsel and Imperial Capital, LLC as its independent financial advisor, each reporting solely to the special committee.

Tokyo, Japan--(Newsfile Corp. - August 3, 2026) - TNL Mediagene (NASDAQ: TNMG) (the "Company"), a technology and digital media company providing AI-driven advertising, marketing technology, content commerce and data analytics solutions, and operating multi-language digital media brands across Asia, today announced that its Board of Directors (the "Board") has established a special committee of independent directors (the "Special Committee") to lead the Company's evaluation of potential strategic transactions and alternatives.

The Special Committee is composed solely of independent directors and consists of Priscilla Han, who serves as Chair, Lauren Zalaznick, and Naoko Okumoto. The Special Committee has been authorized by the Board to review, evaluate and, as appropriate, negotiate and make recommendations to the Board with respect to potential strategic transactions and alternatives available to the Company, which may include, among others, a financing, recapitalization, merger, business combination, share issuance, disposition or other strategic transaction, as well as the alternative of continuing to pursue the Company's existing operations. The Special Committee's mandate is to act in the best interests of the Company and its shareholders as a whole.

To assist in its work, the Special Committee has retained Greenberg Traurig, LLP as its independent legal counsel and Imperial Capital, LLC as its independent financial advisor. Each advisor was selected and engaged by, and reports solely to, the Special Committee. Imperial Capital's mandate is to identify and evaluate transactions that would maximize value for the Company's shareholders.

While the Special Committee conducts its evaluation, the Company's management will remain focused on the effective operation of the Company's businesses. Management will support the Special Committee's process as and when requested by the Special Committee, subject to the Special Committee's conflicts protocol and the recusal of any interested member of management from matters in which he or she has an interest.

No definitive course of action has been determined with respect to any strategic transaction or alternative, and there can be no assurance that the Special Committee's evaluation will result in any transaction, or as to the terms, structure or timing of any transaction that may be pursued. The Board cautions the Company's shareholders and others considering trading in the Company's securities that no decision has been made with respect to any transaction. The Company does not intend to disclose or comment on developments regarding the Special Committee's evaluation unless and until it determines that further disclosure is appropriate or required.

About TNL Mediagene

Headquartered in Tokyo, TNL Mediagene (NASDAQ: TNMG) is a technology company providing AI-powered advertising, marketing technology, content commerce, and data analytics solutions to brands and agencies across Asia. Formed in May 2023 through the merger of Japan's Mediagene Inc. and Taiwan's The News Lens Co., Ltd., the Company combines advertising and marketing technology platforms with a portfolio of established digital media brands to deliver integrated solutions for the evolving digital landscape.

The Company's technology offerings include AI-driven advertising, marketing and digital studio services, content commerce, and advanced data analytics capabilities. These solutions are supported by the Company's well-established multi-language digital media brands in Japanese, Chinese, and English, spanning business, technology, lifestyle, and culture, which provide audience engagement and first-party data.

Known for its appeal to younger audiences, and high-quality content, TNL Mediagene has approximately 480 employees with offices in Japan and Taiwan.

https://www.tnlmediagene.com/

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to TNL Mediagene. Forward-looking statements generally relate to future events or TNL Mediagene's future financial or operating performance. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "aim," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements in this communication include, but are not limited to, statements about TNL Mediagene's future business plan and growth strategies and statements by TNL Mediagene's management. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for TNL Mediagene to predict these events or how they may affect TNL Mediagene. In addition, risks and uncertainties are described in TNL Mediagene's filings with the Securities and Exchange Commission, including the risks and uncertainties set forth under the heading "Risk Factors" in TNL Mediagene's Annual Report on Form 20-F filed on April 30, 2026, as may be supplemented or amended by the TNL Mediagene's Reports of a Foreign Private Issuer on Form 6-K. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. TNL Mediagene cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that TNL Mediagene presently does not know or that TNL Mediagene currently does not believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by TNL Mediagene, its directors, officers or employees or any other person. Except as required by applicable law, TNL Mediagene does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of TNL Mediagene as of any date subsequent to the date of this communication.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307650

Source: TNL Mediagene

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Travel + Leisure (NYSE:TNL) raised its full-year 2026 outlook after reporting stronger second-quarter results and announcing two acquisitions that management said will expand its resort network and owner base.

President and Chief Executive Officer Michael Brown said the company’s second-quarter and first-half performance reflected “consistent execution” and the durability of its business model, citing healthy owner trends, robust travel demand, recurring upgrade sales and increasing new owner sales.

For the second quarter, Travel + Leisure reported revenue of $1.06 billion and adjusted EBITDA of $269 million. Brown said gross vacation ownership interest, or VOI, sales increased 6% and exceeded the company’s guidance range, supported by high-quality tours and strong owner engagement. Volume per guest rose 2% year over year to $3,318, also ahead of plan.

Chief Financial Officer Erik Hoag said revenue increased 4%, adjusted EBITDA rose 8% and adjusted earnings per share grew 14% in the quarter. Adjusted EBITDA margin expanded 70 basis points, which he attributed to operating leverage across the business.

Vacation Ownership Drives Growth The company’s Vacation Ownership segment remained the primary driver of results. Hoag said gross VOI sales increased 6% to $693 million, while segment revenue rose 6% to $907 million. Segment adjusted EBITDA increased 13% to $247 million.

Hoag said tours increased 1% in the quarter, reflecting solid demand and new owner acquisition. New owner mix was slightly higher year over year, with healthy transaction volume and close rates.

Brown said the company’s consumer remains healthy and continues to prioritize travel. He pointed to first-half arrivals, adjusted for strategic resort closures, increasing year over year, as well as strong forward bookings. The booking window was 109 days and the average length of stay was four days, both at or above prior-year levels.

In response to a question from Patrick Scholes of Truist Securities about the state of the consumer, Hoag said booking patterns, forward bookings, length of stay and distance traveled remained consistent with what the company saw in the first quarter. “We’ve not seen anything in our metrics that would indicate there’s a weakening occurring,” Hoag said.

Guidance Raised After Strong First Half and Acquisitions Travel + Leisure raised its full-year outlook, citing stronger-than-expected core business performance and the expected contribution from the acquisitions of Yes& Vacations and Spinnaker Resorts.

Hoag said that, excluding acquisitions, the company now expects full-year adjusted EBITDA of $1.05 billion to $1.065 billion. Including the expected contribution from the acquisitions, Travel + Leisure now expects:

Gross VOI sales of $2.6 billion to $2.675 billion; Adjusted EBITDA of $1.065 billion to $1.085 billion; A consolidated loan loss provision rate of approximately 21%; A full-year adjusted tax rate of approximately 29%; Free cash flow conversion of roughly half of adjusted EBITDA; and Year-over-year adjusted EPS growth of approximately 20%. For the third quarter, the company expects gross VOI sales of $700 million to $740 million, adjusted EBITDA of $275 million to $285 million, and volume per guest of $3,300 to $3,350.

Yes& Vacations and Spinnaker Resorts Add Resorts and Owners Brown said the acquisitions of Yes& Vacations and Spinnaker Resorts add 23 resorts, including six properties in Hilton Head and seven in Maui. He described those markets as high-demand leisure destinations where new development is challenging.

The acquisitions also add more than 100,000 owners, expanding Travel + Leisure’s owner base by more than 10%. Brown said the acquired owners are similar in age and average income to the company’s existing owner base, and approximately 80% have fully paid off their timeshare loans.

Hoag said Travel + Leisure is investing approximately $340 million to acquire businesses expected to generate about $50 million of adjusted EBITDA on a full-year synergized basis. After securitizing roughly $80 million of finance receivables, he said net capital deployed falls to about $260 million, implying a net investment multiple of approximately 5 times adjusted EBITDA.

Hoag said the transactions add approximately 0.2 turn of leverage, and the company expects to end 2026 with leverage of 3.2 times. He said the deals were funded through cash and existing debt capacity and did not require a change to the company’s capital return commitment.

During the question-and-answer portion of the call, Brown said the acquisitions provide both resort portfolio expansion and a larger owner base for potential future upgrades, particularly as owners are introduced to Travel + Leisure’s broader network and points-based system.

Capital Returns Continue Management emphasized that shareholder returns remain a priority. Brown said the company returned $253 million to shareholders through dividends and share repurchases during the first half of the year and reduced common shares outstanding by 4%.

Hoag said the company repurchased approximately $88 million of common stock in the second quarter, up 25% from the prior year, while continuing to pay its quarterly dividend. He said Travel + Leisure expects a similar level of buybacks in 2026 compared with 2025, even after the announced acquisitions.

The company ended the quarter with more than $1.2 billion of available liquidity across cash and its revolving credit facility. Hoag also said Travel + Leisure completed its second asset-backed securities transaction of the year, raising $300 million at a 98% advance rate and a 5.52% coupon.

Loan Performance and Segment Trends Hoag said credit performance remained consistent with underwriting standards. Weighted average FICO scores at origination remained above 740, down payment levels improved year over year, and the loan provision rate was flat year over year. Delinquency rates improved sequentially from the first quarter.

Asked about loan loss trends, Hoag said early-stage delinquencies improved by roughly 80 basis points from the first quarter, more than the roughly 40 basis points of seasonal improvement the company would typically expect. He reiterated that Travel + Leisure expects its organic 2026 loan loss provision to be below 2025 levels, though the acquired portfolios are expected to add some pressure.

The Travel and Membership segment remained under pressure. Hoag said second-quarter revenue declined 5% to $157 million, while segment adjusted EBITDA fell 11% to $49 million, reflecting the continued evolution of the exchange business. He said the company is focused on stabilizing long-term earnings and free cash flow through operational improvements, strategic partnerships and digital initiatives.

Brown also highlighted progress in Travel + Leisure’s multi-brand strategy, saying Margaritaville is on track to exceed $150 million in annual VOI sales, Accor Vacation Club sales are on track to nearly double in 2026, and Eddie Bauer Adventure Club sales are exceeding expectations. Sports Illustrated Resorts is progressing, with the Nashville resort expected to open in the third quarter and sales already underway at a new sales center.

Brown closed the call by saying 2026 is “shaping up to be another great year” for the company, supported by first-half growth, the two acquisitions and continued capital discipline.

About Travel + Leisure (NYSE:TNL) Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.

Travel + Leisure Co. (TNL) Q2 2026 Earnings Call Transcript

Travel + Leisure Co. (TNL - Free Report) reported $1.06 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 4.4%. EPS of $1.88 for the same period compares to $1.65 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.06 billion, representing a surprise of +0.56%. The company delivered an EPS surprise of -2.59%, with the consensus EPS estimate being $1.93.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Travel Leisure Co. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Revenues- Vacation Ownership: $907 million versus $903.41 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.Net Revenues- Travel and Membership: $157 million compared to the $159.43 million average estimate based on three analysts. The reported number represents a change of -5.4% year over year.Adjusted EBITDA- Travel and Membership: $49 million versus $52.9 million estimated by two analysts on average.Adjusted EBITDA- Corporate and Other: $-27 million versus the two-analyst average estimate of $-22.79 million.Adjusted EBITDA- Vacation Ownership: $247 million compared to the $242.65 million average estimate based on two analysts.View all Key Company Metrics for Travel Leisure Co. here>>>

Shares of Travel Leisure Co. have returned -3% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.

ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE:TNL), a leading leisure travel company, today reported second quarter 2026 financial results for the three months ended June 30, 2026. Highlights and outlook include: Net revenue of $1.06 billion. Gross VOI sales of $693 million, up 4% and 6% year-over-year, respectively(1) Net income of $109 million (diluted earnings per share of $1.72) Adjusted EBITDA of $269 million and Adjusted diluted earnings per share of $1.88, representing 8% an.

ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE: TNL), a leading leisure travel company, today announced the closing of the acquisition of Yes& Vacations and, separately, entering into a definitive agreement to acquire Spinnaker Resorts, for a combined upfront purchase price of $343 million, subject to customary adjustments and contingent performance-based payments of up to $10 million. The Spinnaker Resorts acquisition is expected to close in the third quarter of 2026, subject to customary closing conditions. The transactions are expected to be immediately accretive to Adjusted EBITDA, Adjusted Diluted EPS and Adjusted Free Cash Flow. The Company is funding the acquisitions through cash and existing debt capacity and expects to end the year at a 3.2x leverage ratio, while sustaining share repurchases at similar levels to 2025.

Together, the transactions add more than 100,000 owners and 23 resorts to Travel + Leisure Co.’s vacation ownership network, expanding its presence in two of leisure travel’s most sought-after destinations, Maui and Hilton Head. Yes& Vacations added seven properties in Maui, and a flagship island-inspired resort on the Las Vegas Strip. Spinnaker Resorts will add six properties in Hilton Head, as well as resorts in attractive drive-to leisure destinations including Ormond Beach, Branson, and Williamsburg.

“Acquiring these companies strategically expands our presence in premier leisure destinations, adding quality inventory in markets where new development is challenging,” said Michael D. Brown, President and CEO of Travel + Leisure Co. “Combined, these transactions significantly expand our resort and owner base, creating meaningful opportunities to generate incremental revenue across our vacation ownership ecosystem.”

The upfront cash purchase price of $343 million is expected to be reduced by securitizing approximately $80 million of acquired consumer financing receivables, resulting in net capital deployed of approximately $263 million. On a full year basis, inclusive of identified synergies, these acquisitions are expected to contribute approximately $50 million of Adjusted EBITDA. Additional details regarding the strategic benefits and financial impact of these acquisitions will be discussed during the upcoming earnings call on July 22, 2026.

“These acquisitions reflect our approach to capital allocation – deploying capital where we believe it can generate attractive long-term returns while maintaining balance sheet flexibility and continuing our consistent approach to returning capital to shareholders,” added Erik Hoag, Chief Financial Officer at Travel + Leisure Co. “They are immediately accretive and create meaningful opportunities through owner monetization, receivables optimization and recurring management fee growth.”

“We are proud of what our team has built and deeply grateful to the owners and associates who have been part of this journey,” said Anthony Twist, CEO of Yes& Companies. “Joining Travel + Leisure Co. creates extraordinary opportunities for our people, our owners and our resorts. The company is a recognized leader in vacation ownership, shares our commitment to hospitality and has the scale and resources to carry Yes& Vacations into its next chapter.”

PJT Partners served as exclusive financial advisor to Travel + Leisure Co. in connection with the transactions. BofA Securities, Inc. served as exclusive financial advisor to Yes& Companies and J.P. Morgan served as exclusive financial advisor to Spinnaker Resorts.

To learn more about Travel + Leisure Co., please visit travelandleisureco.com.

Forward Looking Statements

This press release includes “forward-looking statements” as that term is defined by the Securities and Exchange Commission (“SEC”). Forward-looking statements are any statements other than statements of historical fact, including statements regarding our expectations, beliefs, hopes, intentions or strategies about the effects of the strategic transactions and closing of the Spinnaker Resorts transaction discussed in this press release and the future. In some cases, forward-looking statements can be identified by the use of words such as “will,” “intends,” or “expects,” or other words of similar meaning. Forward-looking statements are subject to risks and uncertainties that could cause actual results of Travel + Leisure Co. and its subsidiaries (“Travel + Leisure Co.” or “we”) to differ materially from those discussed in, or implied by, the forward-looking statements. Factors that might cause such a difference include, but are not limited to, risks associated with: the future prospects and plans for Travel + Leisure Co., including our ability to compete in the highly competitive timeshare and leisure travel industries; the health of the travel industry and declines or disruptions caused by adverse economic conditions (including inflation, recent tariff and other trade restrictions, higher interest rates, recessionary pressures, and any potential adverse economic impacts resulting from the U.S. federal government shutdown), travel restrictions, terrorism or acts of gun violence, political strife, war (including hostilities in Ukraine and the Middle East), pandemics, and severe weather events and other natural disasters; adverse changes in consumer travel and vacation patterns, consumer preferences and demand for our products; increased or unanticipated operating costs and other inherent business risks; our ability to comply with financial and restrictive covenants under our indebtedness; our ability to access capital and insurance markets on reasonable terms, at a reasonable cost or at all; maintaining the integrity of internal or customer data and protecting our systems from cyber-attacks; and those other factors disclosed as risks under “Risk Factors” in documents we have filed with the SEC, including in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 18, 2026. We caution readers that any such statements are based on currently available operational, financial and competitive information, and they should not place undue reliance on these forward-looking statements, which reflect management’s opinion only as of the date on which they were made. Except as required by law, we undertake no obligation to review or update these forward-looking statements to reflect events or circumstances as they occur.

Certain Financial Measures

The Company calculates its leverage ratio as its net debt (total debt outstanding, less non-recourse vacation ownership debt and cash and cash equivalents) divided by Adjusted EBITDA as defined in its credit agreement. Adjusted Diluted Earnings Per Share (EPS), Adjusted Free Cash Flow, EBITDA and Adjusted EBITDA are non-GAAP financial measures. EBITDA is defined by the Company as net income from continuing operations before depreciation and amortization, interest expense (excluding consumer financing interest), early extinguishment of debt, interest income (excluding consumer financing revenues) and income taxes, each of which is presented on the condensed consolidated statements of income. Adjusted EBITDA also excludes stock-based compensation costs, separation and restructuring costs, legacy items, transaction and integration costs associated with mergers, acquisitions, and divestitures, asset impairments/recoveries and inventory write-downs associated with the Company’s resort optimization initiative, gains and losses on sale/disposition of business, and items that meet the conditions of unusual and/or infrequent. Legacy items include the resolution of and adjustments to certain contingent assets and liabilities related to acquisitions of continuing businesses and dispositions, including the separation of Wyndham Hotels & Resorts, Inc. and Avis Budget Group, Inc. (ABG), and the sale of the vacation rentals businesses. Integration costs represent certain non-recurring costs directly incurred to integrate mergers and/or acquisitions into the existing business. We believe that when considered with GAAP measures, Adjusted EBITDA is useful to assist our investors in evaluating our ongoing operating performance for the current reporting period and, where provided, over different reporting periods. We also internally use this measure to assess our operating performance, both absolutely and in comparison to other companies, and in evaluating or making selected compensation decisions. Adjusted EBITDA should not be considered in isolation or as a substitute for net income/(loss) or other income statement data prepared in accordance with GAAP and our presentation of Adjusted EBITDA may not be comparable to similarly-titled measures used by other companies. Adjusted Free Cash Flow is defined by the Company as net cash provided by operating activities from continuing operations less property and equipment additions (capital expenditures) plus the sum of proceeds and principal payments of non-recourse vacation ownership debt, while also adding back cash paid for transaction costs for acquisitions and divestitures, separation adjustments associated with the spin-off of Wyndham Hotels, and certain adjustments related to COVID-19. TNL believes adjusted FCF to be a useful operating performance measure to evaluate the ability of its operations to generate cash for uses other than capital expenditures and, after debt service and other obligations, its ability to grow its business through acquisitions and equity investments, as well as its ability to return cash to shareholders through dividends and share repurchases. A limitation of using Adjusted free cash flow versus the GAAP measure of net cash provided by operating activities as a means for evaluating TNL is that Adjusted free cash flow does not represent the total cash movement for the period as detailed in the consolidated statement of cash flows. Adjusted Diluted EPS is defined by the Company as Adjusted net income divided by the diluted weighted average number of common shares. Adjusted Diluted EPS is useful to assist our investors in evaluating our ongoing operating performance for the current reporting period and, where provided, over different reporting periods.

About Travel + Leisure Co.

Travel + Leisure Co. (NYSE: TNL) is a leading leisure travel company, providing more than six million vacations to travelers around the world every year. The company operates a diverse portfolio of vacation ownership, travel club, and lifestyle travel brands designed to meet the needs of the modern leisure traveler, whether they’re traversing the globe or enjoying destinations closer to home. This includes experiential brands such as Sports Illustrated Resorts, Eddie Bauer Adventure Club, Margaritaville Vacation Club, and Accor Vacation Club, as well as cornerstone brands, Club Wyndham, WorldMark, and RCI. With hospitality and responsible tourism at its heart, the company’s more than 19,000 dedicated associates worldwide help fulfill its mission to put the world on vacation. Learn more at travelandleisureco.com.

About Yes& Companies

Yes& Companies is an operating and investment platform with a long history of founding, acquiring, scaling and monetizing businesses across multiple industries. Rooted in hospitality, the company applies decades of entrepreneurial and operational experience to create, acquire and grow businesses, develop scalable platforms and create long-term enterprise value. Through its vacation ownership platform, Yes& Vacations, the company has developed, owned and managed premier resort communities in some of the world’s most sought-after leisure destinations. Today, Yes& Companies continues to own, operate and invest in businesses through disciplined execution, thoughtful capital allocation and a long-term approach to value creation. Learn more at www.yesandco.com or contact The Ferraro Group – [email protected].

About Spinnaker Resorts

Spinnaker operates 11 resorts, each offering a different experience and the local flavor of the unique locations. From the low-key coastal paradise of Hilton Head Island, South Carolina, to the sunny shores of Ormond Beach, Florida to the neon/natural draw of the Ozarks in Branson, Missouri and the historical playground of Williamsburg, Virginia – Spinnaker has developed resorts you’ll love to return to year after year. Our daily goal is to make sure you have the best possible vacation experience. Learn more at spinnakerresorts.com.

More News From Travel + Leisure Co.

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One stock to keep an eye on is Travel Leisure Co. (TNL - Free Report) . TNL is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 8.65 right now. For comparison, its industry sports an average P/E of 16.81. Over the past 52 weeks, TNL's Forward P/E has been as high as 9.08 and as low as 5.73, with a median of 7.93.

Investors should also note that TNL holds a PEG ratio of 0.53. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. TNL's industry currently sports an average PEG of 1.21. TNL's PEG has been as high as 0.74 and as low as 0.31, with a median of 0.54, all within the past year.

Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. TNL has a P/S ratio of 1.13. This compares to its industry's average P/S of 2.15.

Finally, investors will want to recognize that TNL has a P/CF ratio of 7.85. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 12.48. Within the past 12 months, TNL's P/CF has been as high as 8.16 and as low as 4.94, with a median of 6.71.

These are just a handful of the figures considered in Travel Leisure Co.'s great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that TNL is an impressive value stock right now.

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