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AI brief of an SEC Form 8-K · Travel + Leisure (TNL)

Travel + Leisure Q1 profit rises 11% to $73 million; reaffirms full-year EBITDA guidance

Positive Impact 3 of 5 earnings Written later

Travel + Leisure reported first-quarter 2025 net income of $73 million, up 11% from $66 million, and diluted EPS of $1.07 versus $0.92 a year earlier, on net revenue of $934 million, up 2%. The company reaffirmed full-year 2025 adjusted EBITDA guidance of $955 million to $985 million, which matters to shareholders because it signals that management still expects the year to track its prior outlook, even though the Travel and Membership segment weakened.

Key points

  • Net revenue rose 2% to $934 million; diluted EPS was $1.07 versus $0.92 a year earlier
  • Adjusted EBITDA rose 6% to $202 million; Vacation Ownership segment adjusted EBITDA rose 18% to $159 million
  • Travel and Membership revenue fell 7% to $180 million and its adjusted EBITDA fell 9% to $68 million
  • Full-year 2025 adjusted EBITDA guidance of $955 million to $985 million was reaffirmed; second-quarter guidance is $245 million to $255 million

The filing

CompanyTravel + Leisure (TNL)
Form8-K, current report
Filed with the SECApr 23, 2025, 6:30 AM ET
Accession number0001361658-25-000184

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.