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TRIP ADVISOR - Q1 2018 Results

“We had a strong start to 2018; our Hotel results were ahead of our expectations, and we delivered accelerated Non-Hotel revenue growth,” said Chief Executive Officer Steve Kaufer. “We are expanding our global platform for the benefit of users and partners and we are executing along our key product, supply and marketing initiatives that position our business for long-term profitable growth.”

First Quarter 2018 Operational and Financial Highlights

 User reviews and opinions grew 26% year-over-year and reached 630 million at March 31, 2018, covering approximately  7.5million places to stay, places to eat and things to do – including 1.2 million hotels, inns, B&Bs and specialty lodging, 800,000 rental properties, 4.6 million restaurants and 940,000 travel activities and experiences worldwide.
 Average monthly unique visitors on TripAdvisor-branded websites and apps grew 12% year-over year to approximately 433 million and average monthly unique hotel shoppers remained flat year-over-year at approximately 149 million.
 TripAdvisor rebranded its Attractions offering to “Experiences” and grew bookable products by more than 80% year-over-year in Q1 to 104,000.
 Total Revenue was $378 million, an increase of $6 million, or 2% year-over-year. Total Adjusted EBITDA was $80 million, an increase of $7 million, or 10% year-over-year. We estimate that changes in foreign currency had a 5% and 7% positive impact to Total Revenue and Total Adjusted EBITDA, respectively.
 Hotel Revenue was $299 million, a decrease of $15 million, or 5% year-over-year. Hotel Adjusted EBITDA was $88 million, or flat compared to Q1 2017, and Hotel Adjusted EBITDA margin improved to 29%. We estimate that changes in foreign currency
had a 3% and 7% positive impact to Hotel Revenue and Hotel Adjusted EBITDA, respectively.
 Non-Hotel Revenue was $79 million, an increase of $21 million, or 36% year-over-year driven by growth in Experiences and Restaurants. Non-Hotel Adjusted EBITDA was negative $8 million, an improvement of $7 million, or 47% year-over-year. We  estimate that changes in foreign currency had an 8% positive impact and 0% impact to Non-Hotel Revenue and Non-Hotel
Adjusted EBITDA, respectively.
 TripAdvisor’s Board of Directors authorized up to $250 million for the repurchase of our common stock on January 31, 2018. As of May 7, 2018, TripAdvisor repurchased approximately 2.6 million shares of outstanding common stock for $100 million year to-date.


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PHOCUSWIRE: TripAdvisor's Experiences and restaurants boost revenue, hotel growth flat
https://www.phocuswire.com/TripAdvisor-Q1-earnings-2018

SKIFT: TripAdvisor Q1 Shows Some Positives Although Core Hotel Business Is Still Tough Going
https://skift.com/2018/05/08/tripadvisor-q1-shows-some-positives-although-core-hotel-business-is-still-tough-going/
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