BUZZ-Tripadvisor announces CEO and CFO departures, Q3 results miss expectations, stock price falls

November 5 - ** Online travel booking company Tripadvisor TRIP.O shares fell 19% in pre-market trading, at $8.27

** CEO Matt Goldberg will resign (link) and step down from the board; he will remain until February to ensure an orderly leadership transition

** CFO Michael Noonan will step down to pursue new opportunities; he will remain until December

** According to London Stock Exchange Group (LSEG) data, third-quarter revenue dropped 11% to $436.4 million, below expectations of $458.4 million

** Adjusted earnings per share for the third quarter were $0.37, missing the $0.44 expected

** Impacted by a non-cash goodwill impairment in the hotels and other business segment, third-quarter net loss was $316.9 million

** Adjusted EBITDA for the third quarter dropped 34% to $71.1 million

** "Experiences" business revenue fell 3%, but bookings rose about 2%; hotels and other business revenue declined 23%

** The company has completed the sale of TheFork to American Express, with net cash proceeds of about $741 million

** As of the previous trading day's close, share price is down 30% year-to-date

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