Tripadvisor Q3 revenue $303M (+101% YoY); CEO Kaufer to step down in 2022

TripAdvisor, Inc.

2021-Q3 EPS reported -$0.87 revenue$661,000,000

GAAP net income $1M vs ($48M) loss YoY; adjusted EBITDA $72M (24% margin).
Revenue $303M (71% of Q3 2019); Hotels segment $172M, Experiences & Dining $114M, both +115% YoY.
CEO Steve Kaufer stepping down after 20+ years; will continue until successor is appointed.
Experiences bookings via Viator exceeded 2019 levels in October; Tripadvisor Plus testing Vacation Funds feature.
Cash and equivalents $682M; cautious Q4 outlook due to pandemic uncertainty and seasonal step-down.

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