TripAdvisor June Revenue Doubles April and May Rate, but Still Just 20% of 2019

TripAdvisor (NASDAQ: TRIP) says business continues to improve as the second quarter progresses, but its performance will still be "materially worse" than last year.

Revenue for the second quarter plummeted as the COVID-19 pandemic shut down virtually all travel, leading April and May receipts to come in at just 10% of the level it achieved in 2019. June, however, is improving, though receipts will still be 20% below the year ago period. The company anticipates that business will get begin improving beginning in the third quarter.

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Source Fool.com