BUZZ - Tripadvisor announces CEO and CFO departures; Q3 results miss expectations, shares decline
路透社2026/11/05 16:12Latest Updates
November 5 - ** Online travel booking company Tripadvisor TRIP.O shares fell approximately 22%, closing at $7.99
** CEO Matt Goldberg will resign (link) and leave the board; he will remain until the end of February to ensure a smooth leadership transition
** CFO Michael Noonan will resign to pursue new opportunities; he will remain until December
** Chief Strategy Officer Kristen Dalton will serve as interim CFO starting January, succeeding Noonan
** Third-quarter revenue fell 11% to $436.4 million, below analyst expectations of $458.4 million compiled by LSEG
** Third-quarter adjusted earnings per share were $0.37, missing the $0.44 estimate
** The company reported a third-quarter net loss of $316.9 million due to non-cash goodwill impairment in the Hotels & Other segment
** Revenue from the “Experiences” business fell by 3% despite a booking volume increase of about 2%; Hotels & Other revenue dropped 23%
** Including Wednesday's fluctuation, the shares are down 45.2% year-to-date
(To make news accessible to non-native English speakers, Reuters automatically translates its reports into several other languages. Automated translation may contain inaccuracies or lack necessary context; Reuters does not guarantee the accuracy of these texts and provides automated translations solely for readers' convenience. Reuters accepts no responsibility for any damage or loss arising from use of its automated translation feature.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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