=TripAdvisor (TRIP) reported earnings on Tue 8 May 2018 (a/h)

TripAdvisor beats by $0.13, beats on revs, raises FY18 Adj EBITDA outlook 

• Reports Q1 (Mar) earnings of $0.30 per share, $0.13 better thanthe Capital IQ Consensus of $0.17; revenues rose 1.6% year/year to $378 mln vs the $361.02 mln Capital IQ Consensus.
• Average monthly unique visitors on TripAdvisor-branded websites and apps grew 12% y/y to approximately 433 million and average monthly unique hotel shoppers remained flat year-over-year at approximately 149 million.
• Free cash flow increased 37% y/y to $159 mln.
• 2018 Outlook: "In February we outlined our expectation of approximately flat consolidated adjusted EBITDA in 2018 compared to 2017. Our solid start to the year makes us more positive, and we now expect to deliver y/y consolidated adjusted EBITDA growth in 2018. We are also incrementally positive about our revenue prospects, while maintaining our expectation that 2018 Hotel segment revenue will decline compared to 2017, due primarily to tough year-over-year comparisons for click-based revenue. We expect revenue trends to start to improve later in the year."