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TripAdvisor TRIP reported a fourth-quarter 2024 non-GAAP earnings of 30 cents per share, which declined 21% from the prior-year quarter. The figure beat the Zacks Consensus Estimate by 42.86%.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
Revenues of $411 million increased 5% year over year. The figure beat the Zacks Consensus Estimate of $401 million.
The top line was impacted by a good improvement in sequential growth across all segments.
TripAdvisor, Inc. Price, Consensus and EPS Surprise
TripAdvisor, Inc. price-consensus-eps-surprise-chart | TripAdvisor, Inc. Quote
Quarterly Details of TRIP
Brand Tripadvisor: Revenues summed $204 million (accounting for 49.6% of the total revenues) for the segment, down 6% year over year. The figure beat the consensus mark of $196 million. Media and advertising revenues increased 3% year over year to $36 million. This growth was driven by creative offerings and programmatic advertising, which offset the decline in traditional display advertising,
Revenues from experiences and dining were $35 million, decreasing 8% year over year. Performance in experiences was driven by Brand Tripadvisor’s segment-specific marketing strategy and ROI targets. Revenues from branded hotels decreased 7% year over year to $125 million but was an improvement over the third quarter due to more favorable pricing in hotel meta. Other revenues within the segment were $8 million, which declined 20% year over year.
Viator: The segment’s revenues totaled $186 million (accounting for 45.3% of the total revenues). The figure increased 16% year over year and beat the Zacks Consensus Estimate of $184 million.
TheFork: Revenues for the segment were $48 million (accounting for 11.7% of the total revenues), increasing 23% year over year. The figure beat the consensus mark of $47.56 million.
TRIP’s Operating Results
TripAdvisor’s cost of sales decreased 7% year over year to $27 million for the fourth quarter.
As a percentage of revenues, the figure remained flat year over year at 7%.
Marketing costs were up 22% from the year-ago quarter to $152 million. As a percentage of revenues, the figure expanded 500 bps year over year.
General and administrative costs were up 6% from the year-ago quarter to $19 million. As a percentage of revenues, the figure remained flat year over year at 5%.
Technology costs of $24 million increased 9% on a year-over-year basis. As a percentage of revenues, the figure remained unchanged year over year at 6%.
TRIP reported an operating margin of 0% in the fourth quarter, which contracted 790 bps year over year.
In the reported quarter, the total adjusted EBITDA margin was 18%, which contracted by 13% on a year-over-year basis.