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Shares of Tripadvisor
TRIP,
rose late Wednesday as the company’s revenue and profit in the fourth quarter topped expectations despite the company’s core brand stagnating.
The stock was up 5.8% to $26.80 in after-hours trading, following a 0.5% drop at Wednesday’s close. Shares are up 18% since the start of the year.
The travel site’s revenue rose 10% and surpassed analysts’ expectations. Despite the core Tripadvisor brand posting flat revenue compared to a year ago, the company’s other segments — Viator, a provider of tours, and TheFork, for online restaurant bookings — had double-digit revenue growth.
Tripadvisor swung to a profit of $32 million, or 22 cents a share, in the quarter ended Dec. 31, compared with a year-ago loss of $3 million, or 2 cents a share. Analysts expected a per-share profit of 7 cents.
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