TripAdvisor reports Q3 EPS 50c, consensus 44c

Reports Q3 revenue $532M, consensus $527.9M. The company said, “We are pleased with the Group’s third quarter results, which are representative of the diverse categories in which we operate, and the segment strategies we are executing. All three of our segments delivered profitability, a testament to the operational rigor, product innovation, and hard work of our teams to transform our portfolio. We will continue to build on our distinct advantages as the foundation for durable revenue and profit growth over the long-term. Revenue of $532 million was flat with the same period a year ago, and adjusted EBITDA of $122 million, or 23% of revenue, outpaced expectations due to solid execution from our teams as well as the timing of certain growth initiatives. We remain focused on the execution of our segment strategies, including our shift to an engagement-led focus at Brand Tripadvisor (TRIP), and the higher-growth opportunities in Viator and TheFork.”