From Nasdaq: 2024-05-09 11:45:00

TripAdvisor (TRIP) reported first-quarter earnings of 12 cents per share, up from 5 cents last year, beating estimates. Revenues of $395 million grew 6% driven by strong Viator and TheFork segments, but brand hotels lagged, causing TRIP’s stock to drop 15.7% year to date.

In quarterly details, revenues were led by Viator with $141 million and TheFork with $41 million, while TripAdvisor Core saw mixed results. Operating costs increased, but adjusted EBITDA margin expanded to 12%.

On the balance sheet, cash and equivalents were $1.17 billion, while long-term debt was $840 million. Cash flow from operations was $139 million, with free cash flow at $123 million in Q1.

TripAdvisor currently holds a Zacks Rank #3 (Hold), but investors may look to better-ranked stock options like The Gap (GPS), Amazon (AMZN), and Target (TGT) for potential growth opportunities. The Gap and Amazon have shown gains, while Target offers steady growth prospects.

Zacks experts have identified an American AI company with the potential to double or quadruple in the coming year, counting on clients like BMW and GE for growth. For more insights and top stock picks, visit Zacks Investment Research for the latest recommendations.



Read more at Nasdaq: TripAdvisor (TRIP) Q1 Earnings & Revenues Beat, Rise Y/Y