TripAdvisor (NASDAQ:TRIP) reported third-quarter results that topped analyst expectations, yet its stagnant revenue growth led to a 4% drop in share price in pre-market today.
The travel platform posted adjusted earnings per share of $0.50, surpassing the forecasted $0.44, while revenue reached $532 million, above the $527.72 million estimate but unchanged year-over-year. Net income stood at $39 million, or $0.27 per share, with adjusted EBITDA totaling $122 million, representing 23% of total revenue.
The company refrained from providing specific guidance for the upcoming quarters, leaving investors uncertain about future growth prospects.