
Trip Advisor Posts Solid Numbers in Quarter
Trip Advisor (TRIP) reported solid 4Q earnings with rev. 3% above our estimate, helped by strength in Display (46% y/y) and Other (53% y/y). Adj. EBITDA was 1% below consensus and 9% below our forecast largely due to higher than expected TV ad spend, which we believe was amplified in the quarter as the company sought to test and refine within the somewhat new channel. … Continue reading Trip Advisor Posts Solid Numbers in Quarter