TripAdvisor Q3 2020 Earnings Report
Key Takeaways
TripAdvisor's Q3 2020 results demonstrated improvement from Q2, achieving positive EBITDA despite significantly reduced revenue levels. The company remains focused on cost controls, strategic investments, and positioning the business for long-term recovery.
Q3 revenue reached $151 million, 35% of the prior year's comparable period, showing improvement from Q2's 14%.
Monthly unique users on Tripadvisor sites were approximately 74% of last year’s comparable period in September.
The company had $446 million in cash and cash equivalents as of September 30, 2020.
Positive adjusted EBITDA was achieved through cost reduction measures.
TripAdvisor
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TripAdvisor Revenue by Segment
Forward Guidance
TripAdvisor expects an uneven recovery, particularly in Europe, due to the resurgence of the virus. The company remains focused on deepening customer relationships, delivering value to partners, and rolling out new product offerings.
Positive Outlook
- Continued focus on initiatives to deepen customer relationships
- Delivery of more value to partners
- Rollout of new and innovative product offerings to industry partners
- Rollout of new and innovative product offerings to consumers
- Positioning the business well for many years to come
Challenges Ahead
- Expectation for an uneven recovery
- Resurgence of the virus in Europe
- Uncertainty due to the unprecedented period for the industry
- Conservative planning due to early recovery progress
- Need to prudently balance cost controls with targeted investments