tripadvisor inc (TRIP) Key Developments
TripAdvisor Introduces New Feature to Help Travelers Research, Compare and Book Tours
Nov 13 14
TripAdvisor announced the launch of its new feature that allows users to easily compare and book tours and tickets for attractions around the world by integrating tour inventory and pricing information from Viator, which was acquired by TripAdvisor in August. When travelers visit attractions on TripAdvisor-such as the Eiffel Tower or the Taj Mahal-they will now be presented with up to three tour options, such as small group, private or skip-the-line options, along with descriptions and prices for each. Once travelers have identified the tour that best fits their travel preferences, they may click to book their tour of choice through Viator. The tour feature currently covers more than 7,900 attractions worldwide and is available on desktop and mobile versions for all TripAdvisor English-language sites with plans to expand to more languages over time.
TripAdvisor Inc. Provides Earnings Guidance for the Year 2014
Nov 4 14
TripAdvisor Inc. announced that it continues to expect GAAP effective tax rate for the full year 2014 to be in line with 2013 rate of approximately 28%. As for 2014 revenue expectations, the company is reiterating full year total revenue growth expectation of high 20s to low 30s. Rolling it up, the company now expects full year adjusted EBITDA growth in the low 20s.
TripAdvisor Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 4 14
TripAdvisor Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $354 million compared to $255 million a year ago. Operating income was $84 million compared to $84 million a year ago. Income before income taxes was $75 million compared to $84 million a year ago. Net income was $54 million or $0.37 per diluted share compared to $56 million or $0.38 per diluted share a year ago. Net cash provided by operating activities was $58 million compared to $145 million a year ago, primarily due to seasonality and timing in deferred merchant payables, as well as the timing of offline ad campaign, customer receipts, and vendor payments. Free cash flow was $45 million compared to $129 million a year ago. Capital expenditures, including internal-use software and website development were $13 million compared to $16 million a year ago. Non-GAAP net income was $71 million or $0.48 per diluted share compared to $65 million or $0.45 per diluted share a year ago. Adjusted EBITDA was $119 million compared to $104 million a year ago, primarily due to the timing of offline advertising spend, compared to third quarter of 2013, which did not contain offline advertising spend.
For the nine months, the company reported revenue of $958 million compared to $732 million a year ago. Operating income was $280 million compared to $266 million a year ago. Income before income taxes was $267 million compared to $258 million a year ago. Net income was $190 million or $1.30 per diluted share compared to $185 million or $1.27 per diluted share a year ago. Net cash provided by operating activities was $326 million compared to $278 million a year ago. Capital expenditures, including internal-use software and website development were $55 million compared to $39 million a year ago. Non-GAAP net income was $232 million or $1.58 per diluted share compared to $214 million or $1.47 per diluted share a year ago. Adjusted EBITDA was $370 million compared to $326 million a year ago. Free cash flow was $271 million compared to $239 million a year ago.
TripAdvisor Inc. Presents at RBC Capital Markets' Technology, Internet, Media & Telecommunications Conference, Nov-10-2014 11:20 AM
Nov 3 14
TripAdvisor Inc. Presents at RBC Capital Markets' Technology, Internet, Media & Telecommunications Conference, Nov-10-2014 11:20 AM. Venue: Westin Times Square, 270 West 43rd Street, New York, New York, United States. Speakers: Julie M. B. Bradley, Chief Financial Officer, Chief Accounting Officer, Senior Vice President and Treasurer.
Helena Egan Joins TripAdvisor as Director, Industry Relations
Sep 10 14
TripAdvisor has appointed Helena Egan as Director, Industry Relations. In this newly created role, Helena will lead industry relations' efforts within TripAdvisor for Business, a dedicated division that provides the tourism sector with free marketing tools and resources. Helena will act as a liaison for hospitality trade associations and government organisations, building awareness about the benefits, resources, policies, products and services of TripAdvisor. Helena joined TripAdvisor in 2008 as the first dedicated destination marketing specialist in Europe, covering Europe, the Middle East and Africa. In her five years at the company, her key focus has been building relationships within the destination marketing organisation (DMO) sector and educating the industry on the benefits of leveraging user-generated content. As Director of Industry Relations, Helena will act as an ambassador to the global hospitality sector, opening communication channels with leading trade and tourism associations. Prior to joining TripAdvisor, Helena lead regional sales and strategic partnership efforts at Northstar in London, frequently presenting at key industry events across 14 countries.