Financial PerformanceBrand Tripadvisor revenues/EBITDA were down 12%/22% respectively and guidance suggests Core EBITDA will be down ~40% in Q4.
Revenue And Market ShareTRIP's trend compared to online travel agency spend was similar to the previous quarter, with a gap widening due to share loss to other channels like Google and social media.
Revenue DeclineHotel-related revenue, which makes up more than 75% of core revenue, was down by 13%.