TripAdvisor revenue up 29.2 percent on higher click-based advertising

May 6, 2015 admin 249-million, francisco-based, new-building, quarter-ended, review-website, rose-as-much, silicon-valley, year-earlier

(Reuters) – Travel review website operator TripAdvisor Inc reported a 29.2 percent rise in quarterly revenue as it earned more from click-based advertising and display ads. Shares of the company, which owns websites such as tripadvisor.com and oyster.com, rose about 5.8 percent to $81.30 in extended trading on Wednesday. Revenue from click-based advertising rose 20 percent to $249 million in the first quarter ended March 31 from a year earlier and accounted for 69 percent of total revenue, the company said

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TripAdvisor revenue up 29.2 percent on higher click-based advertising