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are approximately make progress However, in order this a some through debt, targeting year. of ratio and investment growth our by further the leverage to fortify to of the rating, And potentially grade of retirement expect EBITDA we early Xx. towards end we goal
the is have rating we all news actions from of taken upgraded are agencies, strength great financial or demonstrating received we recently three being the outlooks ratings improve The the well have received. to business
believe stock have X Year-to-date, ample and long remaining term undervalued this have XX.X on basis. a of as million capital approximately repurchases stock authorizations relative flow one given is shares. of Post future cash our million our at levels we our back far price As existing that allocation, we of an our under buybacks buying shares. buybacks, largest of to shares $XXX strong opportunistically million free expected levels levels accelerated our we been remains or nearly for these performance,
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we ahead, margin line in strength of reiterating to business, the we expansion. growth year our our are double-digit top with given outlook full Looking see continue
post we to that Omicron Vrbo driven from the As quarter, top strength migration in the as see saw to immediate growth we some expect mid-single disruption short rebound travel short to it line to by a resulting it the pertains as core given the year its important business continue second to demand, to the tougher Expedia term last compare primarily remember digits, stack. to moderate is term well from we the in strong year-over-year although
as membership lean app second and similar to and half. all in for to the quarter, usage of of stronger should quarter which gross season, marketing us into to summer busy loyalty bookings we invest back set we first increase ahead drive the the In addition, expect a up
second to we Overall, in the year. quarter be expect see relatively in EBITDA last line to with margins
strong shareholder our momentum. appears off In travel well believe revenue this and we growth drive record industry great The all term is growth growing initiatives returns. gaining long and to And start closing, and XXXX to be flow. of are a positions as cash with to and
the now would I that, to like for with Thank questions. And open call you.
