Consolidated Revenue Growth
Tripadvisor reported consolidated revenue growth of 4% to $553 million and adjusted EBITDA of $123 million, or 22% of revenue, beating expectations on adjusted EBITDA.
Viator Segment Growth
Viator reported an 18% growth in the number of experiences booked and a 9% revenue growth to $294 million, with an adjusted EBITDA of $50 million or 17% of revenue.
TheFork Performance
TheFork segment experienced 28% revenue growth and a 22% adjusted EBITDA margin, nearly double from last year.
AI and Future Strategy
Tripadvisor plans to leverage AI for future growth, with an AI-native MVP launch expected in Q4 and strategic partnerships with leading AI companies.
Cost Savings Program
An annualized gross cost savings program of $85 million has been initiated, expected to be fully realized by 2027.