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Consumer CyclicalsAdventurousMid CapNeutral

Tripadvisor Q3 revenue growth short of estimates

Overview

Tripadvisor Q3 revenue grows 4% yr/yr but misses analyst expectations

Adjusted net income for Q3 beats estimates

Outlook

Tripadvisor expects $85 mln in annualized cost savings by 2027

Company to focus on experiences-led growth and AI opportunities

Tripadvisor aims to enhance profitability by simplifying legacy offerings

Result Drivers

EXPERIENCES STRATEGY - Co is focusing on experiences-led growth by unifying Viator and Tripadvisor under one strategy

AI OPPORTUNITIES - Co aims to leverage data and AI to transform travel experiences

COST SAVINGS - Co expects $85 mln in annualized cost savings through operational changes

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueMiss$553 mln$562.10 mln (14 Analysts)
Q3 Adjusted EPS$0.65
Q3 Adjusted Net IncomeBeat$80 mln$71.50 mln (11 Analysts)
Q3 Net Income$53 mln
Q3 Adjusted EBITDA$123 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 10 "hold" and 6 "sell" or "strong sell" The average consensus recommendation for the leisure & recreation peer group is "buy." Wall Street's median 12-month price target for Tripadvisor Inc is $19.00, about 18.8% above its November 5 closing price of $15.43 The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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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