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Tripadvisor Q1 revenue falls 4%, slightly misses estimates

Overview

Online travel platform's Q1 revenue fell 4% yr/yr, slightly missing analyst expectations

Adjusted net loss for Q1 was wider than analyst estimates

Company cites growth in Experiences and TheFork, but Hotels and Other revenue dropped 20%

Outlook

Tripadvisor did not provide specific financial guidance for the current or upcoming periods

Result Drivers

EXPERIENCES GROWTH - Co said Experiences segment saw accelerated growth, reflecting strength of combined offering and global scaling efforts

THEFORK PERFORMANCE - TheFork revenue rose 23% yr/yr, supported by strategic focus on this segment

HOTELS AND OTHER DECLINE - Hotels and Other revenue fell 20% yr/yr; co did not provide detailed reasons for the drop

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueSlight Miss*$382.40 mln$384.16 mln (14 Analysts)
Q1 Adjusted Net IncomeMiss-$13.10 mln-$7.21 mln (11 Analysts)
Q1 Net Income-$32.40 mln
Q1 Adjusted EBITDA$22.10 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers. Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 8 "hold" and 4 "sell" or "strong sell" Wall Street's median 12-month price target for Tripadvisor Inc is $13.35, about 19.4% above its May 6 closing price of $11.18 The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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