TripAdvisor Reveals Details on Experiences and Restaurants Growth
Photo Credit: A view of the lobby in the global headquarters of TripAdvisor in Needham, Massachusetts. In the first quarter of 2019, TripAdvisor's revenue declined 1 percent year-over-year, to $376 million. But its new business units grew at a double-digit pace during that time. TripAdvisor
Skift Take
TripAdvisor's greater transparency in its financial reporting is to be applauded, showing its investment in growing units. But the stuttering of its legacy businesses is notable, too.
Troubled businesses don't exist — at least not if you take company earnings reports at face value. But sometimes growing businesses are trapped inside of sluggish ones. Exhibit A: TripAdvisor, which has done some spin on its financial reporting to highlight its fast-growing businesses and downplay its weaker segments.
In the first three months of the year, TripAdvisor's revenue declined 1 percent year-over-year, to $376 million. However, during the same quarter, revenue from TripAdvisor's restaurants and experiences units grew by 29 percent, to $80 million.
That latter figure is significant. Beginning with this quarter, TripAdvisor has a new way of reporting its earnings. TripAdvisor has more transparently split out its weak units (fl
