Tripadvisor saw its net income rise to $25 million during the third quarter, up from $1 million a year earlier. Revenue jumped 51% to $459 million.
Tripadvisor’s Viator tours and activities brand, and to a lesser extent its dining reservations platform, TheFork, showed particular strength, reaching 179% and 103% of 2019 revenue, respectively. Europe-oriented, Currency headwinds adversely impacted TheFork’s revenue numbers by 9 points compared with the comparable period in 2019.
Further investments in Tripadvisor’s Viator tours and activities brand, as well as making Tripadvisor’s core hotel price-comparison feature more relevant to travelers will likely be key elements of the company’s turnaround strategy, executives hinted, although they plan on first laying out their complete vision to investors in 2023.
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