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TripAdvisor revenue misses estimates as referral income falls

The logo for a travel website company TripAdvisor Inc is shown on a computer screen in this illustration photo in Encinitas, California May 3, 2016.

TripAdvisor Inc reported lower-than-expected quarterly revenue as the travel review website operator earned less from referrals to third-party hotel websites.

The company's shares were down 13 percent at $54.89 in after-hours trading on Tuesday.

TripAdvisor, which aggregates reviews and opinions about destinations and hotels, said its desktop-based platform is facing challenges as more people switch to mobile devices.

The company said its referral and transaction revenue fell...


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