Tripadvisor beats 2019 revenue for first time
The company is "deeply exploring" direct-to-consumer offerings as part of its broader strategy work
Tripadvisor now provides a breakdown of revenue and adjusted EBITDA coming from Viator and TheFork separate from what it calls Tripadvisor Core.
Tripadvisor Core comprises Tripadvisor-branded hotels, display and platform, Tripadvisor experiences and dining and other offerings such as cruises, rental, flights and cars.
Key takeaways
- Tripadvisor revenue in the third quarter of this year was $459 million, up 51% year-over-year and exceeding Q3 of 2019 by $31 million;
- Building on a trend seen in the last several quarters, Viator and TheFork saw the strongest recovery of revenue;
- Selling and marketing costs were up 58% year-over-year in Q3 to $234 million.
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