TripAdvisor today announced financial results for the fourth quarter and full year ended December 31, 2017.
“During Q4 and 2017 we continued to make progress along our key initiatives,” said Chief Executive Officer Steve Kaufer.“Continued product enhancements, as well as strong content, community and supply growth, nicely position the TripAdvisor platform in front of long-term growth opportunities. In 2018 and during the years ahead, we will continue to improve the traveler experience, helping more users in more moments throughout the travel journey. We will find new ways to help travel partners get more visibility in front of our massive global travel audience. We are taking essential steps to unlock long-term growth.”
Fourth Quarter and Full Year 2017 Highlights
User reviews and opinions grew 29% year-over-year and reached 600 million at December 31, 2017, covering approximately 1.2 million hotels, inns, B&Bs and specialty lodging, 750,000 vacation rentals, 4.6 million restaurants and 915,000 attractions, including tours and activities.
Average monthly unique visitors on TripAdvisor-branded websites and applications grew 17% in Q4 2017 and grew to 455 million* during the 2017 peak summer travel season. Average monthly unique hotel shoppers grew 3% in Q4 2017 and grew 7% in the full year 2017.
TripAdvisor-branded click-based and transaction revenue declined 11% in Q4 2017 and grew 1% in the full year 2017 while Q4 2017 and full year 2017 revenue per hotel shopper declined 14% and 7% year-over-year, respectively.
Fourth quarter consolidated GAAP net income was negative USD 84 million, primarily driven by a USD 73 million income tax charge related to the enactment of the Tax Cuts and Jobs Act of 2017.
Q4 Hotel segment year-over-year adjusted EBITDA margin was 26%, primarily driven by increased efficiency in Hotel segment marketing investments.
Full year 2017 Non-Hotel segment adjusted EBITDA was USD 45 million, and full year 2017 Non-Hotel segment adjusted EBITDA margin was 13%, up from negative 10% in 2016.
