Tripadvisor (NASDAQ:TRIP) popped in postmarket trading after cruising past consensus estimates with its Q4 earnings report.
Revenue was up 47% year-over-year to $354M and adjusted EBITDA rose almost 50% to $43M vs. $36M consensus. The online travel service company narrowed its operating loss to -$3M for the quarter. The solid performance for the year was attributed in part to Viator executing against strong demand in experiences, as well as solid performance in the hotel meta offering within the Tripadvisor Core segment.
The company exited the fiscal year with approximately $1.0B in cash and cash equivalents.
Looking ahead, TRIP expects consolidated adjusted EBITDA margin to remain flat year-over-year, which assumes approximately flat year-over-year margins in Tripadvisor Core. Full year consolidated revenue growth is anticipated that reflects the diverse growth profiles across the portfolio, and is consistent with broader travel growth trends.
Shares of TRIP jumped 5.55% in postmarket trading to add to the 2.91% gain during the regular session.
Tripadvisor jumps 5% after solid travel demand leads to earnings topper
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