Stock Monitor: Fang Holdings Post Earnings Reporting
LONDON, UK / ACCESSWIRE / December 15, 2017 / Active-Investors free earnings report on TripAdvisor, Inc. (NASDAQ: TRIP) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/'symbol=TRIP. The Company posted its financial results on November 06, 2017, for the third quarter of the fiscal year 2017. The travel website operator's adjusted EPS surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:
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Earnings Highlights and Summary
For the three months ended September 30, 2017, TripAdvisor's revenues increased 4% to $439 million from $421 million in Q3 FY16. The Company's revenue numbers were below analysts' expectations of $454.3 million.
For the reported quarter, the Company's average monthly unique visitors increased 17% to $455 million from $388 million in Q3 FY16. For the reported quarter, the Company's average monthly unique hotel shoppers increased 7% to $163 million from $153 million in Q3 FY16. For the reported quarter, the Company's Click-Based and Transaction Revenue per Hotel Shopper decreased 11% to $0.40 from $0.45 in Q3 FY16.
During Q3 FY17, TripAdvisor's gross profit increased 4.2% to $419 million from $402 million in the same period of last year. For the reported quarter, the Company's gross margin decreased 10 basis points to 95.4% of revenue from 95.5% of revenue in the third quarter of last year.
During Q3 FY17, TripAdvisor's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) decreased 17% to $95 million from $114 million in the comparable period of last year. For the reported quarter, the Company's adjusted EBITDA margin decreased 500 basis points to 22% of revenue from 27% of revenue in the third quarter of last year.
During Q3 FY17, TripAdvisor's operating income decreased 36.4% to $42 million from $66 million in the corresponding period of last year. For the reported quarter, the Company's operating margin decreased 610 basis points to 9.6% of revenue from 15.7% of revenue in the third quarter of last year.
During Q3 FY17, TripAdvisor's earnings before tax (EBT) decreased 39.7% to $38 million from $63 million in the same period of last year. For the reported quarter, the Company's EBT margin decreased 630 basis points to 8.7% of revenue from 15% of revenue in the third quarter of last year.
For the reported quarter, TripAdvisor's net income decreased 55% to $25 million from $55 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) decreased 51% to $0.18 from $0.37 in the comparable period of last year. For the reported quarter, TripAdvisor's adjusted net income decreased 36% to $50 million from $78 million in Q3 FY16. During Q3 FY17, the Company's adjusted diluted EPS decreased 32% to $0.36 from $0.53 in Q3 FY16, surpassing analysts' expectations of $0.34.
Hotel - During Q3 FY17, the Company's Hotel segment's revenue decreased 3% to $312 million from $320 million in the corresponding period of last year. For the reported quarter, the segment's adjusted EBITDA decreased 48% to $51 million from $99 million in Q3 FY16. For the reported quarter, the segment's adjusted EBITDA margin was 16% of revenue compared to 31% of revenue in the third quarter of last year.
Non-Hotel - During Q3 FY17, the Company's Non-Hotel segment's revenue increased 26% to $127 million from $101 million in the same period of last year. For the reported quarter, the segment's adjusted EBITDA increased 193% to $44 million from $15 million in Q3 FY16. For the reported quarter, the segment's adjusted EBITDA margin was 35% of revenue compared to 15% of revenue in the third quarter of last year.
As on September 30, 2017, TripAdvisor's cash and cash equivalents increased 22.5% to $750 million from $612 million as on December 31, 2016. For the reported quarter, the Company's long-term debt increased 191.2% to $265 million from $91 billion in Q4 FY16.
For the reported quarter, the Company's net accounts receivable increased 34.4% to $254 million from $189 million in Q4 FY16. For the reported quarter, the Company's accounts payable increased 7.1% to $15 million from $14 million in Q4 FY16.
In the first nine months of 2017, the Company's cash provided by operating activities decreased 20.3% to $220 million from $276 million in the comparable period of last year. In the first nine months of 2017, the Company's free cash flow decreased 22.4% to $170 million from $219 million in the corresponding period of last year.
Stock Performance Snapshot
December 14, 2017 - At Thursday's closing bell, TripAdvisor's stock marginally declined 0.63%, ending the trading session at $34.49.
Volume traded for the day: 2.09 million shares.
Stock performance in the last month - up 14.74%
After yesterday's close, TripAdvisor's market cap was at $4.79 billion.
Price to Earnings (P/E) ratio was at 73.70.
The stock is part of the Technology sector, categorized under the Internet Information Providers industry.
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