TripAdvisor (TRIP) Tops Q4 EPS by 16c
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TripAdvisor (TRIP) shares climb following earnings, revenue beat
February 15, 2024 8:28 AM ESTTripAdvisor (NASDAQ: TRIP) shares gained 4.2% premarket following the announcement of its fourth-quarter earnings, which surpassed analyst expectations. The travel platform reported adjusted earnings per share (EPS) of $0.38, significantly higher than the $0.22 consensus estimate. Revenue for the quarter was also above forecasts, coming in at $390 million against analysts' predictions of $375.47 million.
The company's fourth-quarter performance reflects a 10% increase in revenue compared to the same period last year, showcasing a robust recovery trajectory. TripAdvisor's full-year revenue reached a record $1.788 billion, marking a 20% growth YoY. The adjusted EBITDA for the quarter stood at $84 million, or 22% of... More
