Tripadvisor Q3 revenue misses estimates on hotels, experiences weakness

By Reuters News


Overview

  • Online travel platform's Q3 revenue fell 11% and missed analyst expectations

  • Adjusted net income for Q3 missed analyst expectations

  • Company posted large net loss due to non-cash goodwill impairment charge


Outlook

  • Tripadvisor did not provide specific guidance for the current quarter or full year


Result Drivers

  • SEGMENT PERFORMANCE - Co reported a 3% decline in Experiences revenue and a 23% decline in Hotels and Other revenue

  • COST INCREASES - Total costs and expenses rose 81% year-over-year, mainly due to a $369.5 mln non-cash goodwill impairment charge


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$436.40 mln

$458.35 mln (14 Analysts)

Q3 Adjusted Net Income

Miss

$43.40 mln

$53.83 mln (11 Analysts)

Q3 Net Loss

$316.90 mln

Q3 Adjusted EBITDA

$71.10 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "hold" and 4 "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 $12.00, about 17.6% above its November 4 closing price of $10.20

  • The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago


Reuters Recommended Reads

  • Nov 4 - Expedia Q3 revenue beats on B2B strength, lifts outlook

  • Nov 3 - Booking Holdings Q3 revenue misses estimates on FTC-related reduction

  • Nov 4 - Expedia's downbeat revenue forecast dims strong quarter on steady travel demand


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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