Seeking Alpha

TripAdvisor jumps on revenue beat, guidance; Priceline/Expedia also up

  • TripAdvisor (TRIP +8.3%) is making new highs after beating Q4 revenue estimates and providing strong guidance on its CC (transcript). The travel reviews leader said it expects 2014 revenue growth to be in the mid-20s range (consensus is at 21.9%), and for EBITDA to grow at a similar clip.
  • TripAdvisor expects click-based (CPC) ad sales to show accelerating growth in 2014, with full-year growth in the low-20s range. Display ad sales (CPM-based) are expected to grow at a high-teens rate, and all other businesses (subscriptions, transactions, etc.) are expected to collectively grow in the low-50s range.
  • CPC ad sales made up 68% of Q4 revenue, display ads 15%, and all other businesses 17%. North American sales (51% of revenue) rose 22%, EMEA 30%, and Asia-Pac 40%. Latin America was flat.
  • Mobile's share of TripAdvisor traffic doubled to 40% in 2013, and app downloads rose nearly 150% to 82M. Travel listings rose 80% to 550K, and business listing subs 38% to 69K.
  • Priceline (PCLN +2.5%) and Expedia (EXPE +1.1%), both major TripAdvisor clients, are also trading higher. Expedia took off last week following a Q4 beat. Priceline, which launched an updated Android app this morning, reports on Feb. 20.

Check out Seeking Alpha’s new Earnings Center »

Comments (2)
  • Mark Krieger
    , contributor
    Comments (4276) | Send Message
     
    irrational exuberance?
    12 Feb 2014, 01:58 PM Reply Like
  • Gary J
    , contributor
    Comments (5554) | Send Message
     
    That was a weird after hours last night. Big jump at announcement, down big, some comeback then up nicely today. Like someone suddenly realized big revenue jumps are worth something!
    12 Feb 2014, 03:45 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs