Tripadvisor logged lower sales and profit in the second quarter, as the company aims to shift its focus away from its declining hotels segment.

The travel review platform on Thursday posted a profit from continuing operations of $22.8 million, or 19 cents a share, compared with $36.5 million, or 28 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were 35 cents, below the 38 cents anticipated by analysts, according to FactSet.

Revenue fell 7% to $441.9 million. Analysts surveyed by FactSet had forecast revenue of $506.3 million.

The decline in sales was driven by a 21% drop in revenue from hotels and other, while sales from Tripadvisor's experiences segment increased 3%.

Tripadvisor is focusing more on its experiences segment, which it sees as a growing business despite macroeconomic fluctuations.

The company initiated a cost-cutting initiative at the end of 2025, which resulted in a $3.9 million pre-tax expense during the most recent quarter, mainly from severance for employees in the hotels and other segment.

Earlier this month, Tripadvisor signed an equity purchase agreement to sell TheFork, a European restaurant reservation platform, to American Express for $700 million in cash.

The sale, which is set to close by the end of this year, will give Tripadvisor more financial flexibility and allow it to invest in centering its business around its experiences segment, Chief Executive Matt Goldberg said.