Tripadvisor Inc (TRIP) Reports $255.1M In Q3 Revenues
Tripadvisor Inc (NASDAQ:TRIP) announced their Q3 revenues today and it was in line with analyst expectations. The adjusted earnings per share was in line with Wall Street’s target at 45 cents. The company’s third quarter revenues were at $255.1 million compared to analyst expectations of $257 million.
“Total traffic to TripAdvisor, member count and our valuable user-generated content continue to grow rapidly off a large, global base, driving powerful network effects and making the site better for every user,” stated TripAdvisor chief executive officer Steve Kaufer.
Tripadvisor Inc (NASDAQ:TRIP) also repurchased $100 million in stock for the third quarter. TripAdvisor’s click-based ad revenue for the quarter jumped 13% from the same period a year ago, which represents 74% of total revenues. Their display-based ad revenue jumped 29%. Subscription, transaction, and other revenues jumped 68%.
TripAdvisor’s sales and marketing expenses jumped 45% year-over-year to $98 million as they launched a national TV campaign and tested TV ads in international market.
[Source: AllThingsD]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry