Yahoo Movies TripAdvisor Shares Fall After Q4 Earnings, Revenue Miss
By Sam Boughedda
Investing.com -- TripAdvisor Inc (NASDAQ:TRIP) announced a loss per share of 1 cent on revenue of $241 million. Analysts polled by Investing.com anticipated EPS of 7 cents on revenue of $249.23 million.
Hotels, Media and Platform revenue for the quarter was $133 million, an 80% rise year over year. In addition, Experiences & Dining revenue came in at $98 million from $36 million during the same period the previous year.
During the fourth quarter, the company's average monthly unique users on TripAdvisor-branded websites were approximately 73% of 2019. The company said the improvement during 2021 was driven by vaccine progress, various government restrictions being gradually lifted, albeit unevenly, and consumer travel demand’s improving recovery.
“Coming out of 2021, we expect significant improvement in the travel market in 2022 due to the expected easing of the pandemic and the significant pent-up demand for travel, especially in the second half of the year," said TripAdvisor's Chief Financial Officer Ernst Teunissen.
"In particular, we expect our Experiences and Dining segment to buoy our overall revenue performance," he added.
TripAdvisor shares are down 9.85% in extended trading to $26.35.
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