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Viator, a subsidiary of Tripadvisor, outperformed its parent company in quarterly revenue for the first time, recording $270 million, a 10% increase from the previous year, and comprising 51% of Tripadvisor’s total $532 million revenue.
Tripadvisor‘s subsidiary, Viator, has achieved a significant milestone by surpassing its parent company in quarterly revenue, as revealed in the latest financial results for the three months ending September 30. Viator, known for its extensive array of bookable experiences, generated $270 million in revenue, marking a 10% increase from the previous year and constituting 51% of Tripadvisor’s total revenue of $532 million.
The growth in Viator’s revenue was accompanied by a 9% rise in the gross booking value of experiences, reaching nearly $1.1 billion. Additionally, Viator’s adjusted EBITDA stood at $30 million, representing 11% of its revenue, an improvement from 7% in…
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