Tripadvisor Q1 revenue falls 4%, slightly misses estimates
TripAdvisor, Inc. TRIP | 0.00 |
Overview
Online travel platform's Q1 revenue fell 4% yr/yr, slightly missing analyst expectations
Adjusted net loss for Q1 was wider than analyst estimates
Company cites growth in Experiences and TheFork, but Hotels and Other revenue dropped 20%
Outlook
Tripadvisor did not provide specific financial guidance for the current or upcoming periods
Result Drivers
EXPERIENCES GROWTH - Co said Experiences segment saw accelerated growth, reflecting strength of combined offering and global scaling efforts
THEFORK PERFORMANCE - TheFork revenue rose 23% yr/yr, supported by strategic focus on this segment
HOTELS AND OTHER DECLINE - Hotels and Other revenue fell 20% yr/yr; co did not provide detailed reasons for the drop
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 Revenue |
Slight Miss* |
$382.40 mln |
$384.16 mln (14 Analysts) |
Q1 Adjusted Net Income |
Miss |
-$13.10 mln |
-$7.21 mln (11 Analysts) |
Q1 Net Income |
|
-$32.40 mln |
|
Q1 Adjusted EBITDA |
|
$22.10 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 8 "hold" and 4 "sell" or "strong sell"
Wall Street's median 12-month price target for Tripadvisor Inc is $13.35, about 19.4% above its May 6 closing price of $11.18
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago
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