Tripadvisor shares gain 6% as Q4 results exceed estimates

By Ben Glickman

Shares of Tripadvisor (TRIP) rose late Wednesday as the company's revenue and profit in the fourth quarter topped expectations despite the company's core brand stagnating.

The stock was up 5.8% to $26.80 in after-hours trading, following a 0.5% drop at Wednesday's close. Shares are up 18% since the start of the year.

The travel site's revenue rose 10% and surpassed analysts' expectations. Despite the core Tripadvisor brand posting flat revenue compared to a year ago, the company's other segments - Viator, a provider of tours, and TheFork, for online restaurant bookings - had double-digit revenue growth.

Tripadvisor swung to a profit of $32 million, or 22 cents a share, in the quarter ended Dec. 31, compared with a year-ago loss of $3 million, or 2 cents a share. Analysts expected a per-share profit of 7 cents.

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02-14-24 1845ET

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