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Why Tripadvisor Stock Plunged Today

TheMotleyFool

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Why Tripadvisor Stock Plunged TodayPhoto, wide shot, wide-angle lens, Restaurant, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/6d1f34ee-79e7-4628-b30f-0a4597808d61.png

Shares of Tripadvisor (NASDAQ: TRIP) fell 17% on Tuesday after the travel website operator's profits fell short of investors' expectations.

Tripadvisor's revenue surged 51% year over year to $459 million in the third quarter. The gains were driven in part by Viator, the company's sightseeing tours and day trips site, which saw revenue soar 138% to $174 million.

Average monthly unique users on Tripadvisor's branded websites grew by 8%. This represented roughly 82% of the users the travel platform had in the pre-pandemic third quarter of 2019.

Source Fool.com

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