Tripadvisor stock down 35% due to tough competition from Google and limited growth potential.

From Nasdaq: 2024-09-08 22:22:21

Tripadvisor stock has plunged 35% this year to $14, as compared to Booking Holdings, which grew 8%. The company faces tough competition from Google and limited growth potential.

Tripadvisor’s revenue growth has been sluggish, with core brand revenue only slightly increasing. The stock has underperformed the market for 3 years, raising concerns about future performance.

In Q2, Tripadvisor reported 1% revenue growth to $497 million. Viator, responsible for 50% of revenues, saw strong growth. Profit margins are expected to decline in the third quarter.

Peer comparisons show Tripadvisor’s stock has declined 35% this year while the S&P 500 has grown 16%. Trefis Reinforced Value Portfolio has outperformed both.



Read more at Nasdaq: Why Has Tripadvisor Stock Slumped 35% This Year?