Categories AlphaGraphs, Earnings, Other Industries

After Expedia and Booking, TripAdvisor posts strong quarterly results

TripAdvisor (TRIP) shares jumped 12% during the after-market hours on Wednesday after the travel company reported huge earnings beat in the third quarter. Earnings stood at 72 cents per share, compared to 48 cents per share expected by analysts.

Total revenue grew 4% to $458 million driven by solid performance in the Non-Hotel segment, but missed analysts’ projection of $469.1 million.

TripAdvisor third quarter 2018 Earnings Infographic

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.

Get access to timely and accurate verbatim transcripts that are published within hours of the event

Most Popular

Thermo Fisher Scientific (TMO) Q4 earnings drop despite higher revenues

Thermo Fisher Scientific Inc. (NYSE: TMO) announced fourth-quarter 2022 financial results, reporting a double-digit fall in adjusted earnings and an increase in revenues. Fourth-quarter revenues increased 7% annually to $11.5

Altria Group (MO) Q4 2022 Earnings: Key financials and quarterly highlights

Altria Group Inc. (NYSE: MO) reported fourth quarter 2022 earnings results today. Net revenues decreased 2.3% year-over-year to $6.1 billion. Net earnings attributable to Altria increased 65.6% to $2.6 billion

AMD Earnings: Advanced Micro Devices Q4 revenue up 16%, profit drops

Semiconductor company Advanced Micro Devices, Inc. (NASDAQ: AMD) reported a decline in fourth-quarter earnings, despite an increase in revenues. Earnings, excluding special items, dropped to $0.69 per share in the

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top