TripAdvisor (TRIP) Tops Q2 EPS by 1c
TripAdvisor (NASDAQ: TRIP) reported Q2 EPS of $0.41, $0.01 better than the analyst estimate of $0.40. Revenue for the quarter came in at $433 million versus the consensus estimate of $434.92 million.
• | User reviews and opinions grew 24% year-over-year and reached 661 million at June 30, 2018, covering approximately 7.7 million places to stay, places to eat and things to do – including 1.2 million hotels, inns, B&Bs and specialty lodging, 855,000 rental properties, 4.7 million restaurants and 975,000 travel activities and experiences worldwide. |
• | Average monthly unique visitors on TripAdvisor-branded websites and apps reached 456 million*, up 10% year-over year and average monthly unique hotel shoppers decreased by 3% to approximately 149 million, primarily due to our ongoing initiative to operate our paid online marketing channels to improved profitability levels. |
• | Bookable Experiences products grew by 98% year-over-year to 121,000. |
• | Total Revenue was $433 million, an increase of $9 million, or 2% year-over-year. Total Adjusted EBITDA was $109 million, an increase of $8 million, or 8% year-over-year. We estimate that changes in foreign currency had a 2% and 5% positive impact to our Total Revenue and Total Adjusted EBITDA, respectively. |
• | Hotel Revenue was $313 million, a decrease of $13 million, or 4% year-over-year. Hotel Adjusted EBITDA was $89 million, an increase of $5 million, or 6% year-over-year, and Hotel Adjusted EBITDA margin improved to 28%. |
• | Non-Hotel Revenue was $120 million, an increase of $22 million, or 22% year-over-year despite a difficult year-over-year growth comparison, driven by growth in Experiences and Restaurants. Non-Hotel Adjusted EBITDA was $20 million, an increase of $3 million, or 18% year-over-year. |
For earnings history and earnings-related data on TripAdvisor (TRIP) click here.
