TripAdvisor (TRIP) Misses Q4 EPS by 10c

TripAdvisor (NASDAQ: TRIP) reported Q4 EPS of ($0.01), $0.10 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $241 million versus the consensus estimate of $250.24 million.

“The progress we made between the first quarter of the year and the last quarter of the year was remarkable,” said Chief Executive Officer Steve Kaufer. "Despite unexpected periods of virus resurgence, the teams continued to execute to our operating plan, and innovate with sights set on the future. Now with over a billion reviews from our customers—driven by their enthusiasm for travel and willingness to share their experiences with the Tripadvisor family—we are more focused than ever on continuing to create value for those on their travel journey.”

Chief Financial Officer Ernst Teunissen continued, “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. In particular, we expect our Experiences and Dining segment to buoy our overall revenue performance.”

For earnings history and earnings-related data on TripAdvisor (TRIP) click here.

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