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TripAdvisor Q2 Earnings Call Highlights
['Logan Wallace']
Ticker Report
TheFork generated $61 million of revenue and $11 million of adjusted EBITDA during the quarter.
TripAdvisor’s experiences segment recorded 5% growth in experiences booked, while gross booking value rose 3% to about $1.4 billion.
Noonan estimated that the SEO pressure represented approximately five percentage points of headwind to experiences booking and gross booking value growth.
Experiences adjusted EBITDA was $31 million, or 11% of segment revenue, down 290 basis points from the prior year.
In hotels and other, TripAdvisor forecast revenue declines of approximately 20% to 23% and adjusted EBITDA margins of 22% to 25%.