CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

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

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.