Core Viewpoint - Wedbush analyst Scott Devitt has lowered the price target for TripAdvisor (TRIP) to $12 from $15 while maintaining a Neutral rating on the shares due to weak Q4 results [1] Financial Performance - TripAdvisor reported Q4 results that included revenue and adjusted EBITDA below expectations [1] - The company has realigned its financial results into new reportable segments, which removes intersegment eliminations that primarily represented revenues from affiliate marketing fees paid by Viator and TheFork [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 (Exact name of registrant as specified in its charter) Nevada 80-0743202 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 400 1 st Avenue Needham, MA 02494 (Address of principal executive office) (Zip Code) Registrant's telephone number, including ...

财报发布前一周(2月4日至11日)，猫途鹰股价已累计下跌约17.53%，换手率显著上升。2月13日当日振 幅达7.27%，成交金额约9962万美元，显示资金避险情绪浓厚。 未来发展 韦德布什(Wedbush)于2月6日将猫途鹰目标价从20美元下调至15美元，并维持"持有"评级；巴克莱银行 同日维持"卖出"评级，并将目标价进一步下调至10美元。机构对短期增长乏力的谨慎看法加剧了市场抛 压。 行业政策与环境 在线旅游行业面临结构性挑战，增长依赖"质价比"提升。同时，国家市场监管总局于2026年1月对携程 集团涉嫌垄断立案调查，此类监管动态可能波及整个板块，增加了政策不确定性。 资金面与技术面 经济观察网猫途鹰(TRIP.US)股票在2026年2月13日下跌4.84%，收盘价报9.82美元，主要原因如下： 业绩经营情况 公司于2月12日发布的2025财年财报显示，尽管全年营收同比增长至18.91亿美元，净利润同比增长至 4000万美元，但营收增速放缓，且第四季度每股收益预期由盈转亏，直接影响了投资者对盈利可持续性 的信心。 机构观点 市场对AI技术可能冲击在线旅游平台的担忧加剧。2026年初以来，猫途鹰股价累计下跌 ...

Key Takeaways TRIP posted Q4 EPS of 4 cents, missing estimates as flat revenue and hotel declines drove an operating loss.Experiences revenues rose 10% and GBV grew 16%, but Hotels & Other revenues fell 15% year over year.TRIP sees Q1 2026 revenue down 3%-5%, with Hotels & Other plunging over 20% despite TheFork growth.Tripadvisor Inc. (TRIP) reported fourth-quarter 2025 non-GAAP earnings of 4 cents per share, missing the Zacks Consensus Estimate of 9 cents per share by 73.33%. The figure increased 33.33% y ...

在线旅游行业面临结构性挑战，增长更加依赖"质价比"提升。同时，国家市场监管总局已于2026年1月 对携程集团涉嫌垄断立案调查，此类监管动态可能波及整个在线旅游板块，增加了行业政策不确定性。 公司于2月12日发布的2025财年年报显示，尽管营收同比增长至18.91亿美元，净利润同比大幅增长至 4000万美元，但市场关注的焦点在于其营收增速放缓。对比2025年第三季度的营收增速，全年增速并未 呈现加速趋势。更为关键的是，机构普遍预期其2025年第四季度每股收益为负值，同比由盈转亏，这直 接影响了投资者对公司盈利可持续性的信心。 机构观点 在财报发布前，韦德布什将猫途鹰目标价从20美元下调至15美元，并维持"持有"评级。这一举动向市场 传递了机构对公司短期业绩增长乏力的谨慎看法，对股价形成了压力。 行业政策与环境 资金面与技术面 经济观察网猫途鹰(TRIP.US)股票在2026年2月12日财报发布当日出现显著下跌。财报表现不及市场预 期，公司发布的2025财年年报显示营收增速放缓，且第四季度每股收益预期由盈转亏，影响了投资者信 心。机构下调目标价与谨慎评级，韦德布什在财报发布前下调了其目标价。行业竞争加剧与监管风险 ...

The company's legacy travel business is dragging on the fundamentals.Travel and tourism are hot activities these days, but you wouldn't know that from the drubbing TripAdvisor (TRIP 14.31%) stock was taking on Thursday. A lackluster earnings report led investors to aggressively sell off the travel portal operator's shares; as of mid-session trading, they were down by almost 15%. A trip-and-fall quarterTripAdvisor published its fourth-quarter and full-year 2025 results well before market open that day. For t ...

Core Insights - The company is experiencing rapid growth and diversifying its revenue streams, particularly in the dining marketplace, which is seen as a valuable long-term growth opportunity [1][2] - A strategic review is underway for The Fork, with potential alternatives being explored to enhance shareholder value while investing in the Experiences strategy [1][2] - The shift towards marketplace businesses is changing the revenue and profit profile, with expectations for marketplace revenue to represent two-thirds of total group revenue by 2026 [3] Financial Performance - In 2025, the company achieved record revenue of $1.9 billion, with Experiences growing by 10% and The Fork by 22%, offsetting declines in legacy segments [4][20] - Adjusted EBITDA for the group was $319 million, representing 17% of revenue, with a focus on profitable growth in Experiences and The Fork [4][21] - The Fork's revenue in Q4 was $57 million, reflecting 18% growth, while full-year revenue reached $221 million, a 22% increase [30][31] Market Strategy - The company aims to solidify its leadership in the Experiences market, leveraging its assets for an AI-enabled future and simplifying legacy offerings [2][5] - The Experiences segment is expected to contribute over 50% of total revenue by 2026, with a focus on improving unit economics and customer loyalty [3][39] - The company is enhancing its marketing efficiency and expanding its supply base to attract new customers, with a significant increase in bookings and gross booking value (GBV) [7][11] AI and Innovation - The company launched an AI-native MVP to enhance user experience and drive personalization, with early data indicating improved engagement and monetization [14][70] - Partnerships with AI platforms are being explored to leverage user-generated content (UGC) and improve conversion rates [15][74] - The focus on AI is expected to drive significant growth in the Experiences market, with a commitment to continuous innovation [13][70] Future Outlook - For 2026, the company anticipates modest consolidated revenue growth, with marketplace businesses expected to represent approximately two-thirds of total revenue [38][39] - Experiences revenue is projected to grow in the low teens, while The Fork is expected to see growth in the low to mid-teens [40][41] - The company is managing its Hotels and Other segment for profitability, anticipating revenue declines due to SEO traffic headwinds [41][42]

TripAdvisor (NasdaqGS:TRIP) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Company ParticipantsAngela White - VP of Investor RelationsMatt Goldberg - President and CEOMichael Noonan - CFONaved Khan - Managing Director in Equity ResearchConference Call ParticipantsEric Sheridan - Senior Equity Research AnalystsJed Kelly - Managing Director and Senior AnalystLloyd Walmsley - Managing Director and Senior Equity Research AnalystNafeesa Gupta - VP and Equity Research AnalystStephen Ju - Managing Director an ...

TripAdvisor (NasdaqGS:TRIP) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Company ParticipantsAngela White - VP of Investor RelationsMatt Goldberg - President and CEOMichael Noonan - CFONaved Khan - Managing Director in Equity ResearchConference Call ParticipantsEric Sheridan - Senior Equity Research AnalystsJed Kelly - Managing Director and Senior AnalystLloyd Walmsley - Managing Director and Senior Equity Research AnalystNafeesa Gupta - VP and Equity Research AnalystStephen Ju - Managing Director an ...

TripAdvisor (TRIP) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.3 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -73.33%. A quarter ago, it was expected that this travel website operator would post earnings of $0.58 per share when it actually produced earnings of $0.65, delivering a surprise of +12.07%.Over the last four quarters, ...