TripAdvisor’s year-end report reveals profit and revenue growth

TripAdvisor has released financial reports for both the fourth quarter of 2014 and the full-year.

TripAdvisor has released financial reports for both the fourth quarter of 2014 and the full-year.

The company’s total revenue for the fourth quarter of 2014 was $288 million. An increase of $75 million, or 35% compared to the fourth quarter of 2013.

Total revenue for the year ending December 31, 2014 was $1,246 million, an increase of $301 million, or 32% year-on-year. The full year profit was $226 million, an increase of 10% over 2013.

In a statement released with the results, TripAdvisor’s president and chief executive, Steve Kaufer, said: “We were very pleased with how we ended 2014. Most importantly, 2014 was a year in which we laid the foundation for TripAdvisor’s future.

“In addition to helping users plan a trip through our rich content, global travel community and price comparison tools, we have begun enabling more users to complete their booking in our three largest demand categories: hotels, attractions, and restaurants.

“This makes TripAdvisor the most comprehensive one-stop shop in travel. Starting in 2015, we plan to aggressively scale and promote this more complete user proposition.”

TripAdvisor’s websites had more than 2.5 billion unique visitors during 2014, according to Google Analytics.