Tripadvisor Q3 Revenue Down 11% and Announces Restructuring
TRIP TripAdvisor Inc
$7.00 -5.15%
View chart & analysis → - 1Tripadvisor's consolidated Q3 revenue fell 11% to $436 million.
- 2Tripadvisor secured $685 million in net saleable proceeds through the sale of TheFork.
- 3Tripadvisor has begun restructuring, including a 60% workforce reduction in its Hotels and Other segment.
So what's the key point?
Tripadvisor's Q3 revenue decreased by 11% and the company announced plans to reduce its workforce. The company raised $685 million while streamlining its business operations.
Source The Motley Fool +1 · View original ↗
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