TripAdvisor's stock plummeted by 6.18% on Friday during the intraday trading session, following the company's release of its full year 2024 earnings results.
The travel company reported a revenue of $1.84 billion for the year, up 2.6% from the previous year, but its net income fell by 50% to $5 million. More importantly, TripAdvisor's earnings per share (EPS) of $0.036 missed analyst expectations by 22%, despite the revenue meeting estimates.
The disappointing earnings were further compounded by a decrease in TripAdvisor's profit margin from 0.6% to 0.3%, driven by higher expenses. Additionally, the company's revenue growth forecast of 6.4% for the next three years is lower than the 10% growth forecast for the broader Interactive Media and Services industry in the US.
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