Tripadvisor Q3 revenue up, again thanks to Viator

The company posted revenue of $533 million in the period, surpassing Wall Street expectations

Nov 7, 2023

Every quarter, Tripadvisor's financial outcomes consistently convey a familiar narrative: Viator is experiencing the most substantial growth, with its revenue steadily approaching the point of surpassing the revenue generated by the Tripadvisor Core. The Tripadvisor Core encompasses hotel metasearch, subscriptions, display ads, Tripadvisor experiences, and dining.

Key takeaways

  • In Q3, Viator's revenue reached $245 million, marking a 41% year-over-year increase and constituting 46% of Tripadvisor's overall Q3 revenue, which amounted to $533 million. The company's total revenue experienced a 16% year-over-year growth during this period;
  • Meanwhile, Tripadvisor Core reported quarterly revenue of $290 million, reflecting a modest 2% year-over-year increase. In the company's statement on the results, it was highlighted that within the Core segment, revenue from branded hotels amounted to $181 million, indicating a 4% year-over-year decline;
  • “Within branded hotels, growth in the hotel B2B offering was offset by declines in the hotel meta offering. Hotel meta performance was primarily a result of declines in Europe, and lesser so in the United States, which more than offset growth in Rest of World,” the company said.

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