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Smith has previously said Lonely Planet has a "solid underlying performance" while refusing to comment on whether after five years of ownership it is profitable.
"We see solid underlying performance in much of the business in these numbers," Peter Hutton, an analyst at RBC Capital Markets in London, wrote in a research note.
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"This points to a very solid underlying business performance".
Henderson said the company's underlying performance was solid, with growth in its main markets of the UK, Spain and Italy.
Nick Batram at Peel Hunt said: The fourth quarter was a solid update and reflected a continued impressive underlying performance from online sportsbook.
The underlying performance at constant currencies was resilient, with a solid performance in developed markets and mixed conditions in emerging markets.
We don't have underlying performance issues," she insisted.
"The directors consider the underlying performance of the company to be highly-satisfactory," the company said.
Richard Griffith, analyst at Evolution Securities, said BP's underlying performance was better than expected.
But even without that, the underlying performance was still pretty dismal.
Vivendi's shares fell 25% on the news.Moreover, News Corp's underlying performance is healthy.
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