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Tripadvisor Shares Up 35 percent Since Q2 Earnings Announcement

Tripadvisor, Inc. (NASDAQ:TRIP) shares rose more than 35% since the company’s reported Q2 results at the start of the month. The EPS came in at $0.37, beating the Street estimate of $0.26. Revenue was $417 million, better than the Steet estimate of $389.61 million.
The company guided for Q3 sequential revenue improvement, low mid-single-digits above 2019 levels, while EBITDA margin guidance of low-to mid-20% is below Q3/19 level of 30%, on Viator/TheFork reinvestments, and higher margin Hotel B2B still lagging 2019. July Hotel Auction revenue improved in the back-half of the month to above 2019, while the rest of the business exhibited no weakness.
Analysts at Oppenheimer provided a review of the company following the earnings report, noting that the strong quarter was a result of strong Viator results (160% of 2019 levels) and US/Europe hotel auction reaching 100% of 2019 levels.
According to the analysts, the new segment disclosure provides better detail into Viator/TheFork, allowing investors to perform better SOTP analysis. The new CEO highlighted leveraging the company’s data to create a customer-centric approach, ultimately leading to higher engagement, and monetization.

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