Overview
Tripadvisor Q3 revenue grows 4% yr/yr but misses analyst expectations
Adjusted net income for Q3 beats estimates
Outlook
Tripadvisor expects $85 mln in annualized cost savings by 2027
Company to focus on experiences-led growth and AI opportunities
Tripadvisor aims to enhance profitability by simplifying legacy offerings
Result Drivers
EXPERIENCES STRATEGY - Co is focusing on experiences-led growth by unifying Viator and Tripadvisor under one strategy
AI OPPORTUNITIES - Co aims to leverage data and AI to transform travel experiences
COST SAVINGS - Co expects $85 mln in annualized cost savings through operational changes
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $553 mln | $562.10 mln (14 Analysts) |
Q3 Adjusted EPS | $0.65 | ||
Q3 Adjusted Net Income | Beat | $80 mln | $71.50 mln (11 Analysts) |
Q3 Net Income | $53 mln | ||
Q3 Adjusted EBITDA | $123 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 10 "hold" and 6 "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 $19.00, about 18.8% above its November 5 closing price of $15.43
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)