For Q3, the company expects 4-6% revenue growth and 19-21% adjusted EBITDA margin, with specific growth expectations for Viator, Tripadvisor, and TheFork.
Viator anticipates high single-digit revenue growth and a 16-18% EBITDA margin, with bookings improving sequentially in July.
The company remains confident about revenue reacceleration in Q4 despite tough comps, driven by healthy booking trends and ongoing product enhancements.
Acushnet Holdings reported Q2 2025 worldwide net sales of $720 million, a 5% increase year-over-year, driven by strength in Golf Equipment and Gear segments.
Adjusted EBITDA for Q2 was $143 million, up $12 million from the prior year, reflecting a 9% year-over-year increase.
Capital expenditures for the first half were $25 million, with full-year guidance lowered to approximately $70 million from $85 million.
Effective tax rate improved to 19.9% in Q2 from 23.2% last year, driven by jurisdictional mix changes.
For the first half of 2025, net sales increased 3% to $1.42 billion, while adjusted EBITDA decreased 1% to $282 million, in line with expectations due to investments in innovation and technology.
Gross profit in Q2 was $354 million, up $21 million from 2024, with gross margin improving by 40 basis points to 49.2%.
Interest expense rose to $15 million in Q2, up $1 million due to increased borrowings.
Inventories increased 11% compared to Q2 2024, reflecting inventory build ahead of tariff deadlines and new product launches.
Returned $154 million to shareholders through $125 million in share repurchases and $29 million in dividends.
SG&A expenses increased by $14 million in Q2, including $6.4 million in restructuring costs related to a voluntary bridge to retirement program.
G&A expenses declined 1% year-over-year due to lower compensation costs and efficiency initiatives.
International RevPAR rose over 5%, led by APAC (+9%) and EMEA (+7%), while Greater China declined 0.5%.
Marriott reported strong Q2 2025 financial results, with global RevPAR rising 1.5% driven by nearly 2% ADR growth, offsetting a 30 basis point decline in occupancy.
Owned, leased, and other revenue net of expenses rose 14%, driven by Sheraton Grand Chicago contributions and favorable currency impacts.
RevPAR growth was strongest in luxury (+4%) and weakest in select service and extended stay segments (-1.5%) primarily due to government demand declines.
Total gross fee revenues increased 4% year-over-year to $1.4 billion, with incentive management fees rising 3% to $200 million.
U.S. and Canada RevPAR was flat year-over-year, growing nearly 1% when adjusting for Easter timing.
Dafinchi
