Walt Disney Co And Tripadvisor Inc Report Earnings

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Walt Disney Co And Tripadvisor Inc Report Earnings

Walt Disney and Tripadvisor released their latest earnings reports after closing bell tonight. Walt Disney reported earnings of $1.50 per share on $13.3 billion in revenue, compared to the consensus estimates of 1.41 per share in earnings on $13.4 billion in revenue. In the year-ago quarter, the House of Mouse reported $1.36 per share in adjusted earnings, $1.30 per share in GAAP earnings, and $13 billion in revenue.

Tripadvisor reported non-GAAP earnings of 24 cents per share on $372 million in revenue, compared to Wall Street’s estimates of 26 cents per share in earnings on $377.06 million in revenue. In the same quarter a year ago, the company firm posted earnings of 33 cents per share on $352 million in revenue.

Walt Disney shares fall

Walt Disney Co (DIS) earnings

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Walt Disney’s Media Networks revenues rose to $5.95 billion, while Parks and Resorts revenues rose to $4.3 billion. Studio Entertainment revenue ticked lower slightly to $2.03 billion, while Consumer Products and Interactive Media revenues fell 11% to $1.06 billion. Analysts had been expecting $5.99 billion in Media Networks revenue, $4.27 billion in Parks and Resorts revenue, $1.99 billion in Studio Entertainment revenue, and $1.2 billion in Consumer Products and Interactive revenues.

Shares of Walt Disney ticked lower by as much as 0.91% to $111.05 after tonight’s earnings release.

Tripadvisor shares rise

Tripadvisor’s GAAP earnings per share fell to 9 cents from 20 cents per share in the year-ago quarter. Adjusted EBITDA fell 14% to $73 million. Hotel revenue grew 4% to $314 million, while non-hotel revenue grew 18% to $58 million.

The number of average monthly unique hotel shoppers rose 9% to almost 150 million, while the number of average monthly unique visitors grew 14% to approach 390 million. The number of user reviews and opinions increased 43% to hit 500 million at the end of March.

The company announced earlier today that it has entered a partnership with GrubHub. Under the terms of the deal, users of Tripadvisor’s desktop and mobile platforms will be able to access GrubHub’s network of restaurants using the GrubHub feature on the restaurant’s page in Tripadvisor.

Shares of Tripadvisor surged by as much as 7.97% to $50.66 after tonight’s print.

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