Global online travel firm TripAdvisor, Inc. (TRIP) has reported outstanding financial results for the second quarter of 2021. The Massachusetts-based company owns a portfolio of online travel brands to provide bookings for transportation, restaurants, travel experiences and lodging. TripAdvisor reported an adjusted loss of $0.07 per share, narrower than the Street’s estimate of a loss of $0.11 per share and the year-ago loss of $0.76 per share. Total revenue soared 298% year-over-year to $235 million, exceeding analysts’ expectations of $188.57 million. The rise was driven by travel demand recovery in the U.S. and Europe.
https://www.tipranks.com/news/demand-recovery-in-u-s-europe-drives-tripadvisors-solid-q2-results?utm_source=advfn.com&utm_medium=referral
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