Hotel Revenue was $305 million, a decrease of $7 million, or 2% year-over-year, while hotel Adjusted EBITDA grew 94% to $99 million, an increase of $48 million year-over-year, and Hotel Adjusted EBITDA margin improved to 32%.
TripAdvisor, Inc. announced financial results for the third quarter ended September 30, 2018.
“We delivered a strong third quarter, delivering increased operating efficiency while investing for long-term profitable growth,” said Chief Executive Officer Steve Kaufer. “Product enhancements, platform expansion and progressive marketing optimizations continue to hit the mark and contributed to improved financial results.”
Chief Financial Officer Ernst Teunissen added, “Q3 had a number of very positive developments. Revenue per hotel shopper grew 5%, and revenue growth accelerated in our key Non-Hotel offerings. Hotel adjusted EBITDA nearly doubled year-over-year and consolidated adjusted EBITDA grew 54%. We are on track to deliver strong profit growth in 2018, and we are well-positioned heading into 2019.”
Non-Hotel Revenue grew 20% to $153 million, an increase of $26 million year-over-year. Non-Hotel Adjusted
Read the full financial release here.