A month has gone by since the last earnings report for TripAdvisor (NASDAQ:TRIP). Shares have lost about 2.8% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is TripAdvisor due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
TripAdvisor Q4 Earnings & Revenues Beat, Rise Y/Y
TripAdvisor reported non-GAAP fourth-quarter 2023 earnings of 38 cents per share, beating the Zacks Consensus Estimate by 72.7%. The bottom line significantly jumped from the prior-year quarter's figure of 7 cents.
Revenues of $390 million increased 10% year over year and surpassed the Zacks Consensus Estimate of $372.9 million.
Top-line growth was driven by strong momentum in the Viator segment. A well-performing TheFork segment also benefited the company.
However, weakness in hotel meta offerings in Europe was a concern.
Quarterly Details
TripAdvisor reports revenues under three segments: Tripadvisor Core, Viator and TheFork.
Tripadvisor Core: Revenues summed $218 million (accounting for 55.9% of revenues), up 0.5% year over year. The figure came above the consensus mark of $208 million. Media and advertising revenues jumped 6% year over year to $35 million.
Revenues from Tripadvisor ...
TRIP) Down 2.8% Since Last Earnings Report?>Full story available on Benzinga.com