TripAdvisor Q4 EPS Misses by 73%, Experiences Grow 10% While Hotels Decline
TripAdvisor reported Q4 non-GAAP EPS of $0.04, missing estimates by 73% while revenues of $411 million were flat year-over-year and 0.6% below forecasts. Experiences segment grew 10% to $204 million but hotel revenues fell 14% to $107 million as company begins strategic review of TheFork.
1. Q4 Earnings and Revenue
TripAdvisor reported Q4 non-GAAP EPS of $0.04, missing consensus by 73%, while revenues were $411 million, flat year-over-year and 0.6% below estimates.
2. Segment Performance
Experiences revenues rose 10% to $204 million with bookings up 18%, whereas Hotels & Other declined 14% to $107 million and media advertising fell 17%. TheFork grew 18% to $57 million, driven by a 9% increase in bookings.
3. Strategic Review of TheFork
The company announced it is evaluating strategic alternatives for TheFork as part of a portfolio review aimed at unlocking value and reinforcing its shift toward an experiences-first focus.
4. Cash Position and Buybacks
As of December 31, TripAdvisor held $1.0 billion in cash versus $1.2 billion previously, carried $819 million of long-term debt, generated negative $103 million in operating cash flow, and repurchased $50 million of shares.