Travel evaluate web site TripAdvisor Inc reported lower-than-anticipated quarterly income, hurt by a fall in display commercials on its web sites and a drop in subscription income.
TripAdvisor’s referral revenue has been underneath pressure because the firm rolled out its prompt booking characteristic, which allows booking of hotel rooms immediately by the company’s website. Net earnings fell to $1 million, or 1 cent per share, within the quarter ended Dec. 31, from $three million, or 2 cents per share, a yr earlier.
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