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Tripadvisor says CEO, CFO to step down, misses Q3 estimates, shares fall

By Reuters News

** Online travel booking firm Tripadvisor's TRIP.O shares down 19% at $8.27 premarket

** CEO Matt Goldberg to step down and leave the board; will remain in the role through February to ensure orderly leadership transition

** CFO Michael Noonan to resign to pursue another opportunity; will remain in role through December

** Q3 revenue falls 11% to $436.4 mln, below est. of $458.4 mln, per LSEG data

** Q3 adj. EPS of $0.37 misses est. of $0.44

** Q3 net loss of $316.9 mln driven by non-cash goodwill impairment in Hotels and Other segment

** Q3 adjusted EBITDA down 34% to $71.1 mln

** Experiences revenue falls 3%, though bookings rise about 2%; Hotels and Other revenue drops 23%

** Co completes sale of TheFork to American Express for about $741 mln net cash

** As of last close, stock down 30% YTD

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