The struggling online travel company TripAdvisor has released its figures for the second quarter of 2024, severely disappointing analysts' expectations.

TripAdvisor recorded revenue of $497 million in the second quarter, representing only a slight increase of one percent compared to $494 million in the same quarter of the previous year. Net income stagnated at $24 million or 17 cents per share. As a result, the company fell significantly short of market expectations. According to "Yahoo Finance," analysts had, on average, expected earnings per share of 57 cents on revenues of $559.6 million.

CEO Matt Goldberg nevertheless tried to find positive aspects in the numbers. "Our consolidated financial results for the second quarter met our expectations, reflecting the continuous progress in our segment strategies," he stated. "This was the first quarter in which each of our three segments contributed to our profitability. Our teams continue to deliver value through product innovations, marketing efficiency, and daily execution, which we expect will drive long-term sustainable growth in revenue and profit as we build our enduring position in travel and experiences.

Finance Director Mike Noonan also emphasized the positive aspects: 'Our consolidated performance reflects the strength of the combined contributions from all segments, despite the expected headwinds in quarterly revenue. Our operational progress gives us the confidence that our segment strategies are laying the foundation for an attractive long-term financial profile.'

Despite these optimistic statements, investors reacted with disappointment to the numbers. The TripAdvisor stock, listed on NASDAQ, temporarily fell by 16.51 percent to $13.63.