As I discussed earlier, We are accelerating the operational coordination in our experiences offerings across Viator and Brand Trip Advisor. While these brands serve very different travelers and at very different moments in the traveler journey, we are thinking much more holistically about how we leverage product, supply, and marketing investments across both brands to better optimize growth, profitability, and market share in our core as well as new markets.

Aug 7, 2025 / CFO / receipt, needs a key / Mike Noonan, CFO | earnings call 2025-08-07 | transcript 1a4bd109-3fcc-4f4c-b012-e68a3500ed33 | chars 21238-21700 | segment 21

Year-over-year deleverage of approximately 400 base points was related primarily to higher headcount costs as percent of revenue, despite lower headcount dollars year-over-year due to lower hotel meta revenue.

Nov 6, 2024 / CFO / receipt, needs a key / Mike Noonan, CFO | earnings call 2024-11-06 | transcript 208afc56-7b49-4cc4-a9f3-58121c3b6d6f | chars 16923-17132 | segment 17

As we have discussed on prior calls, Viator's profitability is impacted by the size and mix of new traveler acquisition. As future growth becomes increasingly driven by repeat bookers, we expect to see attractive and sustainable margin flow through driven by these large and growing repeat cohorts.

Feb 14, 2024 / CFO / receipt, needs a key / Mike Noonan, CFO | earnings call 2024-02-14 | transcript 3dae5c2e-1f12-43a5-b0c0-6cfc5cc7dcd1 | chars 18662-18960 | segment 18

In the U.S., we continue to see strong pricing as a result of solid execution from our team, as well as a healthy domestic travel market.

Aug 3, 2023 / CFO / receipt, needs a key / Mike Noonan, CFO | earnings call 2023-08-03 | transcript 99509efa-ec44-4e43-9f9b-a17d41aed163 | chars 13504-13641 | segment 13

As a reminder, Q2 is a tougher year-over-year comparable period, as last year we witnessed a surge of travel demand as we emerged from the impact of Omicron in Q1. As such, we are expecting growth rates to moderate through the second quarter of this year.

May 4, 2023 / CFO / receipt, needs a key / Mike Noonan, CFO | earnings call 2023-05-04 | transcript 2abd7271-4e4d-4e8f-be61-fd541a126146 | chars 20712-20967 | segment 21