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Co-branded Credit Card

1 story · First covered May 4, 2026 · Latest 10h ago
Co-branded Credit Card Coverage
Wyndham's EBITDA Grew 8%. Strip Out the Marketing Fund and It Shrank.

Wyndham's EBITDA Grew 8%. Strip Out the Marketing Fund and It Shrank.

Wyndham's Q1 headline looks strong until you pull apart the $156 million adjusted EBITDA and find $13 million of it came from marketing fund timing, not operations. The raised revenue outlook has a similar asterisk worth reading before you celebrate.