July 24, 2014

TripAdvisor Q2 misses as marketing costs soar

TripAdvisor got tripped up by big marketing costs, posting Q2 results that fell far short of Wall Street expectations. TripAdvisor's Q2 selling and marketing costs, which include stepped up spending on TV ads in the U.S., France and Australia, surged 53% from the year-earlier quarter to $127 million.

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HotelTonight bets big on Europe

Curated last-minute hotel booking service HotelTonight is introducing a major expansion across Europe today, adding 80 new destinations across the continent. With these new additions, HotelTonight is now live in 450 cities in the Americas and Europe, with 130 of these outside the US.

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Facebook answers critics with mobile-ad surge

Facebook put to rest any lingering doubts about its ability to transform its business into a mobile-advertising juggernaut. The social network reported that profit more than doubled and revenue topped estimates for the ninth straight quarter. About 62% of Facebook's ad revenue now comes from advertising on mobile devices.

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