CFO Ernst Teunissen said, “Q3 had a number of very positive developments. Revenue per hotel shopper grew 5%, and revenue growth accelerated in our key Non-Hotel offerings.”
“Hotel Adjusted EBITDA nearly doubled year-over-year and consolidated adjusted EBITDA grew 54%. We are on track to deliver strong profit growth in 2018, and we are well-positioned heading into 2019,” he said.
GAAP net income grew 176% to $69 million. Total adjusted EBITDA from Hotel segment almost doubled to $99 million during the quarter, while that from non-Hotel segment gained a modest 7% to $47 million.
Earnings: Booking Holdings shares jump 8% following Q3 results
Earlier, shares of rival Booking Holdings (BKNG) rose 8% after the company reported market-beating third quarter results. Expedia (EXPE) also posted better-than-expected third-quarter results, sending its shares up 8% following the announcement.
TripAdvisor shares have gained 64% so far this year. The stock gained 8% during pre-market trading on Thursday.