Tripadvisor Q3 revenue up 16% to $533M, adjusted EBITDA $127M exceeds expectations

TripAdvisor, Inc.

2023-Q3 EPS reported -$0.16 revenue$1,398,000,000

Revenue $533M (+16% YoY); net income $27M ($0.19 diluted EPS); non-GAAP net income $74M ($0.52 EPS).
Adjusted EBITDA $127M (24% of revenue) exceeded expectations; Viator segment revenue surged 41% to $245M.
Tripadvisor Core revenue grew 2% to $290M; TheFork revenue up 20% to $42M; intersegment eliminations $44M.
Free cash flow was negative $2M vs. positive $46M in prior year; operating cash flow $14M (down 77% YoY).
CEO Matt Goldberg cited strong experiences category leadership; CFO Mike Noonan noted better-than-expected Q3.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

TripAdvisor, Inc. reported preliminary financial results for three and nine months ended September 30, 2023.

Period: three and nine months ended September 30, 2023
Result: preliminary results

Exact text from the filing

On November 6, 2023, Tripadvisor, Inc. issued a press release announcing its preliminary financial results for the three and nine months ended September 30, 2023.

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Source: SEC EDGAR

accession 0000950170-23-059372

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