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Investing.com -- Tripadvisor Inc (NASDAQ:TRIP) shares jumped more than 3% in premarket trading Thursday after the company reported Q4 results that topped analyst estimates.
The online travel agency reported Q4 earnings per share (EPS) of $0.30, above analysts’ estimate of $0.21. Revenue for the period climbed 5% year-over-year to $411 million, also exceeding the consensus forecast of $401.19 million.
Adjusted EBITDA for the quarter was $73 million, representing 18% of total revenue.
“Across Tripadvisor Group, we exited 2024 with momentum, delivering meaningful progress against our strategic priorities, and strengthening our portfolio revenue and adjusted EBITDA mix,” said TripAdvisor CEO Matt Goldberg. “
"In 2025, we expect to continue our strategic progress across segments, leaning into our Group capabilities and strengths to extend our reach as the world’s most trusted source for travel and experiences."
By segment, Branded Hotels revenue for the quarter came in at $125 million, down 7.4% year-over-year but above the estimated $118.6 million.
Viator generated $186 million in revenue, a 16% increase from the prior year, aligning with the projected $185.9 million.
TheFork, the online restaurant booking and discovery platform, posted $48 million in revenue, up 23% year-over-year, slightly below the expected $48.4 million.