For a growth-oriented business, TripAdvisor (NASDAQ: TRIP) isn't seeing much growth. The vacation booking specialist just closed out a 2019 fiscal year that included 3% sales declines, marking the third time in the past five years that revenue has dropped from one year to the next.
TripAdvisor notched some important wins last year, including higher profitability and robust growth in new business lines outside of the core hotel booking business. In a conference call with investors, CEO Stephen Kaufer and his team discussed those successes while cautioning that the broader sales environment still looks challenging heading into fiscal 2020.
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