Matt Goldberg, a veteran media executive who was CEO of Lonely Planet from 2009 to 2013, will become CEO of Tripadvisor starting on July 1, succeeding co-founder Steve Kaufer, who announced in November that he would retire.

“We are excited to announce the appointment of Matt Goldberg as CEO,” said Greg Maffei, Chairman of the Board of Tripadvisor.

“Matt has proven leadership and experience in strategy and operations for more than 20 years in a number of leading media, advertising and consumer-oriented companies. We welcome him to the team and look forward to his experience as he leads Tripadvisor in the next phase of his journey. ”

And Kaufer says: “After a thorough search, I believe that the board has found a strong leader in Matt for our iconic brand.

“Our employees, partners and passengers will be well served by Matt, a strategist with experience in the travel, digital, media and retail industries. I look forward to supporting his success and watching him steer this business toward an exciting future. ”

Goldberg most recently was Executive Vice President, North America and Global Operations in the media buying platform The Trade Desk. He previously held senior positions at Liberty Media Corporation’s News Corp and QVC Group – Tripadvisor Chairman Maffei is President and CEO of Liberty Media Corporation. Goldberg is also the founder of Dataphilanthropy, a non-profit organization focused on building data implementation programs to better tackle and understand economic inequality.

“I couldn’t be more enthusiastic about joining Tripadvisor, a company I’ve long admired, whose management and teams have built an amazing, world-renowned consumer brand with a unique place in travel and digital media,” says Holberg.

“I am incredibly excited to return to the tourism sector to innovate in the industry and take advantage of the platform’s reach and community trust. I see a long track and many opportunities to create value for our passengers and partners. ”

Kaufer co-founded Tripadvisor in 2000 and announced his intention to step down as CEO in November.

Financial results for the first quarter

Goldberg’s announcement as CEO comes in tandem with the company’s financial results for the first quarter.

In a letter to shareholders about the results, Kaufer said: “We are very pleased with our performance in the first quarter of 2022, which exceeded our expectations, and we are starting the year in a good position to capture demand as leisure travel continues to are also recovering as we continue to strengthen our offerings in the various segments. Compared to our outlook in mid-February, we exceeded our expectations for the first quarter of 2022, driven by strong performance in our Experience and Dining segment, supported by a steady recovery in our hotels and revenue and display revenue streams.

Tripadvisor’s revenue in the first quarter was $ 262 million, more than double that of the same period a year earlier and 70% of the same period in 2019.

Adjusted EBITDA in the first quarter was $ 27 million, compared to a loss of $ 26 million in the first quarter of 2021.

In the first quarter, the average monthly unique users of Tripadvisor on its branded websites increased by 27% on an annual basis and were about 71% from the comparable period in 2019.

Sales and marketing expenses in the first quarter were $ 141 million, an increase of 93% year-on-year, which the company said was mainly due to “the increase in our SEM costs and other online traffic acquisition costs in response to the increase.” consumer travel demand … ”

* This story will be updated after Tripadvisor’s conversation with financial analysts on Thursday morning.

https://www.phocuswire.com/tripadvisor-names-media-exec-matt-goldberg-as-ceo-beginning-july-1

Previous articleCase study: Vision-based sports analysis of the best football clubs in Europe @TeledyneDS #engineering #endineeringupdate
Next articleWhere’s Wear This Year?