Revenue breakdown: Hotel, Media & Platform, $254M (consensus: $267.5M); Experiences & Dining, $125M (consensus: $131.7M); Other, $43M (consensus: $49M).
FCF was $160M versus the $96.1M estimate. Cash from operations was down 3% Y/Y to $181M.
Adjusted EBITDA was up 17% Y/Y to $128M, above the $123.3M consensus.
Outlook: TRIP sees faster EBITDA and revenue growth in Q4 compared to Q3 and still forecasts double-digit EBITDA growth for the year.
Earnings call is tomorrow morning at 8:30 AM with a webcast here.
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