Liberty TripAdvisor Holdings, Inc. (LTRPA), an online travel company, has plunged 11.06% in aftermarket trading session. As a result, LTRPA stock is trading at $2.01 at the time of the writing. The slide has come even though apparently, no stimulating factor has acted upon the stock recently. On Friday, LTRPA closed the day at $2.26 after increasing 6.60% during regular trading hours. Let’s discuss the recent developments related to the stock.
Q3 2021 Operational Results
In early November, LTRPA released the operational results for the third quarter of the fiscal year 2021. The quarter ended on 30th September. The company generated total revenues of $303 million during the quarter against $151 million for the same period of 2020. The total operating expenses bore by the company during the period were $299 million against $210 million for the same period of 2020. The net income generated by the company during the quarter was $68 million against the net loss of $60 million for the same period of 2020.
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Alongside the operational results, LTRPA also analyzed the financial condition in the wake of the COVID-19 pandemic. During fiscal 2020, the company experienced a significant decline in its business portfolio owing to the pandemic. The effects on COVID which had severely impacted the business of the company during 2020 also kept hindering the progress of the company during the fiscal year 2021. However, during the third quarter, the situation seemed to be improving with the broadening recovery of the travel industry.
Future Outlook for LTRPA
During the last three months, LTRPA stock has declined more than 30%. That could be attributed to certain market factors, like political uncertainty during the period, economic decisions by the government, etc. Analysts believe that the company is in a strong position to attract investors during the upcoming months.