TripAdvisor reports Q3 EPS 52c, consensus 46c

Reports Q3 revenue $533M, consensus $505.03M. “We are pleased to deliver another quarter of healthy growth, driven by our efforts to capitalize on our leadership position in the large and growing experiences category,” said CEO Matt Goldberg. “Our teams delivered results that exceeded expectations financially while continuing to execute more efficiently and effectively in pursuit of our strategic goals.” “We delivered solid financial results in the third quarter,” said Chief Financial Officer Mike Noonan. “Revenue of $533 million grew 16% year over year, performing better than expected across experiences and in our Tripadvisor Core hotel meta offering. We also exceeded expectations for adjusted EBITDA, at $127 million or 24% of revenue, in large part due to revenue performance.”