Market Updates
Tripadvisor Revenues Double as Travel, Dining Pick Up
Scott Peters
05 May, 2022
New York City
Tripadvisor, Inc reported first quarter 2022 revenues increased 113% to $262 million and net loss declined to $34 million from $80 million.
Revenues in the quarter were 70% of the comparable period in 2019.
Diluted loss per share declined 75% to $13 million from a loss of $75 million a year ago.
Hotels, media, and platform segment revenues soared 82% to $160 million and experiences and dining segment revenues surged 229% to $92 million.
In the first quarter average monthly unique users on Tripadvisor-branded websites rose 27% from a year ago and reached 71% in the comparable period in 2019.
The company appointed media veteran Matt Goldberg as its chief executive officer replacing long-time CEO and co-founder Stephen Kaufer.
Tripadvisor Inc is headquartered in Needham, Massachusetts.
Tripadvisor stock increased 2.4% to $25.14 and has declined 11.4% in the year-so-far.
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