Stock Monitor: Phoenix New MediaPost Earnings Reporting

LONDON, UK / ACCESSWIRE / June 13, 2018 / If you want access to our free earnings report on TripAdvisor, Inc. (NASDAQ: TRIP), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TRIP. The Company reported its first quarter fiscal year 2018 operating and financial results on May 08, 2018. The travel website operator outperformed top- and bottom-line expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Phoenix New Media Limited (NYSE: FENG), which also belongs to the Technology sector as the Company TripAdvisor. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, TripAdvisor most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=TRIP

Earnings Highlights and Summary

For the three months ended March 31, 2018, TripAdvisor's total revenues were $378 million, reflecting an increase of 2% compared to $372 million in Q1 2017. The Company noted that changes in foreign currency provided a 5% tailwind to the revenue for the reported quarter. TripAdvisor's revenue numbers came in ahead of analysts' estimates of $360.8 million.

During Q1 2018, TripAdvisor's Hotel revenues fell 5% to $299 million on a y-o-y basis, with changes in foreign currency having a 3% positive impact. The Company's non-Hotel revenues surged 36% to $79 million on a y-o-y basis in the reported quarter, driven by a growth in Experiences and Restaurants.

For Q1 2018, TripAdvisor's total adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) were $80 million, reflecting a growth of 10% on a y-o-y basis, with foreign currency having a 7% positive impact.

For Q1 2018, TripAdvisor's Hotel adjusted EBITDA were $88 million, or flat compared to Q1 2017, while its Hotel adjusted EBITDA margin improved to 29%. The Company estimated that changes in foreign currency had a 7% positive impact to Hotel adjusted EBITDA in the reported quarter. TripAdvisor's non-Hotel adjusted EBITDA was negative $8 million, an improvement of $7 million, or 47%, compared to the year ago same period.

For Q1 2018, TripAdvisor recorded a GAAP net income of $5 million, or $0.04 per diluted share, compared to $13 million, or $0.09 per diluted share, in Q1 2017. The Company's results for the reported quarter included a $5 million income tax adjustment charge. This charge was an incremental adjustment to the mandatory one-time transition tax resulting from the deemed repatriation tax on the accumulated earnings from the Company's foreign subsidiaries pursuant to the US Tax Cuts and Jobs Act of 2017.

TripAdvisor's non-GAAP net income increased to $42 million, or $0.30 per diluted share, in Q1 2018 compared to $35 million, or $0.24 per diluted share, in Q1 2017. The Company's earnings surpassed Wall Street's estimates of $0.16 per share.

Operating Results

At March 31, 2018, TripAdvisor's user reviews and opinions grew 26% and reached 630 million on a y-o-y basis, covering approximately 7.5 million places to stay, places to eat, and things to do, including 1.2 million hotels, inns, B&Bs, and specialty lodging; 800,000 rental properties; 4.6 million restaurants; and 940,000 travel activities and experiences worldwide.

For Q1 2018, TripAdvisor's average monthly unique visitors on TripAdvisor-branded websites and apps grew 12% to approximately 433 million on a y-o-y basis, and average monthly unique hotel shoppers remained flat versus approximately 149 million in the year ago comparable period.

For Q1 2018, TripAdvisor rebranded its Attractions offering to "Experiences" and grew bookable products by more than 80% to 104,000 on a y-o-y basis.

Cash Matters

During Q1 2018, TripAdvisor's cash provided by operating activities was $174 million, or 46% of revenues, up from $134 million in Q1 2017. The Company's capital expenditure was $15 million, or 4% of revenues, and has remained relatively flat since Q4 2015. As a result, the Company's free cash flow was $159 million in Q1 2018, up 37% from $116 million in Q1 2017.

As of March 31, 2018, TripAdvisor's cash, cash equivalents, and short-term and long-term marketable securities were $655 million.

TripAdvisor's Board of Directors authorized up to $250 million for the repurchase of its common stock on January 31, 2018. As of May 07, 2018, TripAdvisor repurchased approximately 2.6 million shares of outstanding common stock for $100 million year-to-date.

Stock Performance Snapshot

June 12, 2018 - At Tuesday's closing bell, TripAdvisor's stock rose 2.07%, ending the trading session at $58.29.

Volume traded for the day: 2.24 million shares.

Stock performance in the last month ? up 18.98%; previous three-month period ? up 37.87%; past twelve-month period ? up 54.17%; and year-to-date ? up 69.15%

After yesterday's close, TripAdvisor's market cap was at $8.07 billion.

Price to Earnings (P/E) ratio was at 178.80.

The stock is part of the Technology sector, categorized under the Internet Information Providers industry. This sector was up 0.6% at the end of the session.

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