TripAdvisor’s fourth-quarter profit jumped 52% from a year earlier but missed earnings estimates.
Net income was $33.6 million (23 cents per share), with revenue rising 23% from a year earlier to $169.4 million.
Analysts in a Thomson Reuters survey projected profit of 27 cents a share, indicating that TripAdvisors’ earnings growth may have been hampered by its continued effort to expand overseas. TripAdvisor shares were down more than 7% on Thursday afternoon.
The U.S. and U.K. accounted for 63% of TripAdvisor’s fourth-quarter revenue, down from 68% a year earlier. TripAdvisor, which operates hotel review sites in more than 30 countries, attracts more than 60 million unique visitors each month.
For its first full year as a public company, TripAdvisor’s net income rose 9.2% to $194.1 million. Revenue was up 20% to $763 million.
TripAdvisor was spun off by Expedia Inc. in late 2011.
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