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Earnings Review and Free Research Report: TripAdvisor Reported Better Than Expected Results

Research Desk Line-up: Professional Diversity Network Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 30, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on TripAdvisor, Inc. (NASDAQ: TRIP), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=TRIP, following the Company's reporting of its financial results on August 08, 2017, for the second quarter fiscal 2017. The Company's revenue increased 8.4% on a y-o-y basis and exceeded market expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Internet Information Providers industry. Pro-TD has currently selected Professional Diversity Network, Inc. (NASDAQ: IPDN) for due-diligence and potential coverage as the Company announced on August 14, 2017, its financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Professional Diversity Network when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on TRIP; also brushing on IPDN. With the links below you can directly download the report of your stock of interest free of charge at:

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Earnings Reviewed

For three months ended June 30, 2017, TripAdvisor's total revenue increased 8.4% to $424 million on a y-o-y basis, or 10% on constant currency basis, from $391 million in Q2 FY16. The total revenue surpassed analysts' expectations of $423.6 million.

During Q2 FY17, TripAdvisor's selling and marketing (S&M) expenses increased 13.4% to $229 million from $202 million in Q2 FY1. For the reported quarter, the Company's general and administrative (G&A) expenses increased 11.8% to $38 million from $34 million in Q2 FY16. The Company's depreciation and amortization (D&A) expenses increased 8% to $27 million in Q2 FY17 from $25 million in Q2 FY16.

For the reported quarter, the Company's adjusted EBITDA increased 6% to $101 million from $95 million in Q2 FY16. During Q2 FY17, TripAdvisor's adjusted EBITDA margin was flat at 24% of revenue.

TripAdvisor's operating income decreased 2.1% to $46 million in Q2 FY17 from $47 million in the same quarter last year. For the reported quarter, the Company's operating margin decreased 120 basis points to 10.8% of revenue from 12% of revenue in Q2 FY16.

During Q2 FY17, TripAdvisor's net income decreased 21% to $27 million from $34 million in Q2 FY16. For the reported quarter, the Company's adjusted net income decreased 5% to $53 million on a y-o-y basis from $56 million in Q2 FY16. For the reported quarter, the Company's diluted EPS decreased 17% to $0.19 from $0.23 in Q2 FY16. In Q2 FY17, TripAdvisor's adjusted diluted EPS was $0.38, at par with $0.38 in Q2 FY16. The adjusted diluted EPS surpassed analysts' expectations of $0.30.

TripAdvisor's Segment Details

Hotel - During Q2 FY17, the Hotel segment's revenue increased 3% to $326 million from $316 million in Q2 FY16. For the reported quarter, the segment's adjusted EBITDA decreased 20% to $84 million from $105 million in Q2 FY16. The segment's adjusted EBITDA margin decreased 700 basis points to 26% of revenue in Q2 FY17 from 33% of revenue in Q2 FY16. During Q2 FY17, average monthly unique hotel shoppers increased 11% to 153 million on a y-o-y basis.

Non-Hotel -During Q2 FY17, the Non-Hotel segment's revenue increased 31% to $98 million from $75 million in Q2 FY16. For the reported quarter, the segment's adjusted EBITDA was $17 million compared to negative $10 million in Q2 FY16. During Q2 FY17, the segment's adjusted EBITDA margin was 17% of revenue from negative 13% of revenue in Q2 FY16.

Balance Sheet

As on June 30, 2017, TripAdvisor's cash and cash equivalents increased 44.9% to $887 million from $612 million in Q4 FY16.

For Q2 FY17, the Company's long-term debt increased 185.7% to $260 million from $91 million in Q4 FY16.

TripAdvisor's cash provided by operating activities decreased 7.1% to $221 million in Q2 FY17 from $238 million in the same period last year.

The Company's free cash flow decreased 6.8% to $204 million in Q2 FY17 from $219 million in Q2 FY16.

During Q2 FY17, the Company repurchased 2,549,080 shares of outstanding common stock for $100 million.

Stock Performance

On Tuesday, August 29, 2017, the stock closed the trading session at $41.69, slightly falling 0.69% from its previous closing price of $41.98. A total volume of 2.33 million shares have exchanged hands. TripAdvisor's stock price advanced 6.84% in the last one month, 8.26% in the past three months, and 0.53% in the previous six months. The stock is trading at a PE ratio of 62.98 and currently, has a market cap of $6.01 billion.

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SOURCE: Pro-Trader Daily