Revenue Performance - Revenue for Q1 2024 was $395 million, representing a year-over-year growth of 6% compared to $371 million in Q1 2023[1]. - Viator's revenue grew by 23% year-over-year to $141 million, with gross bookings value increasing by approximately 15% to around $1 billion[7]. - TheFork's revenue increased by 17% year-over-year to $41 million, with total bookings growing by approximately 10%[8]. - The Brand Tripadvisor segment reported revenue of $240 million, a decline of 2% year-over-year, with branded hotels revenue down 5% to $159 million[6]. - Total revenue for FY 2023 was $1,788 million, with a year-over-year growth of 20%[37]. - The company expects Q1 2024 revenue to be approximately $395 million, indicating a 6% year-over-year growth[37]. Profitability and Loss - Net loss for Q1 2024 was $59 million, or $0.43 loss per share, which includes a $42 million impact from an IRS audit settlement[1][10]. - Non-GAAP net income for Q1 2024 was $17 million, or $0.12 per share, reflecting a 143% increase from $7 million in Q1 2023[3][4]. - Net income for the three months ended March 31, 2024, was a loss of $59 million, an improvement from a loss of $73 million in the same period last year[19]. - GAAP Net Income for Q1 2024 was $(59) million, while Non-GAAP Net Income was $17 million, showing a significant improvement from $(73) million in Q1 2023[34]. Expenses and Costs - Total costs and expenses for Q1 2024 were $410 million, a 6% increase year-over-year, driven by higher costs in revenue, technology, and general administration[4][5]. - Stock-based compensation expense for FY 2023 totaled $96 million, with Q1 2024 at $28 million[34]. - The company expects to incur a $10 million expense related to a regulatory settlement in Q1 2024[36]. Cash Flow and Liquidity - Cash and cash equivalents as of March 31, 2024, were approximately $1.2 billion, an increase of $104 million from December 31, 2023[5]. - Net cash provided by operating activities was $139 million, slightly up from $135 million year-over-year[19]. - Cash and cash equivalents at the end of the period were $1,171 million, compared to $1,132 million at the end of the same period last year[19]. - Free cash flow is defined as cash provided by operations less capital expenditures, offering insights into underlying cash flow trends[30]. - Capital expenditures were subtracted from cash flow provided by operations, resulting in Free Cash Flow of $119 million in Q1 2024[34]. Assets and Liabilities - Total assets increased to $2,738 million as of March 31, 2024, up from $2,537 million at December 31, 2023, representing an 8% growth[16]. - Current assets rose to $1,511 million, a 16.5% increase from $1,297 million in the previous period[16]. - Total liabilities increased to $1,913 million, up 14.8% from $1,666 million[16]. - Long-term debt remained stable at $840 million, compared to $839 million in the previous period[16]. - Stockholders' equity decreased to $825 million from $871 million, reflecting a decline of 5.3%[16]. Financial Metrics and Definitions - Tripadvisor defines "non-GAAP net income (loss)" as GAAP net income (loss) excluding several specific items, including stock-based compensation and legal reserves[28]. - Non-GAAP diluted EPS is calculated as non-GAAP net income (loss) divided by GAAP diluted shares, providing a per-share performance measure[28]. - Adjusted EBITDA for Q1 2024 was $47 million, or 12% of revenue, up 42% from $33 million in Q1 2023[3][4]. - Adjusted EBITDA does not reflect cash expenditures or future capital requirements, limiting its usefulness as a comparative measure[27]. - The reconciliation of non-GAAP financial measures to GAAP measures is presented to comply with Regulation G[31]. - Tripadvisor's financial measures aim to provide supplemental information to investors regarding the company's operational performance[30]. Segment Performance - Adjusted EBITDA for FY 2023 reached $334 million, with Q3 2023 contributing $127 million, a notable increase compared to $33 million in Q1 2023[34]. - GAAP Total Brand Tripadvisor Segment Revenue growth was 7% for FY 2023, while the Viator segment saw a 49% increase[34]. - The Tripadvisor segment revenue growth on a constant currency basis was 30% in Q1 2024, while Viator segment revenue growth was 115%[34]. - The company reported a decline in adjusted EBITDA margin for Viator to 7% in Q1 2024[37].

Group 1 - Tripadvisor, Inc. has updated the release date for its first quarter 2024 financial results to May 8, 2024, at 7:05 a.m. ET [1] - The previously announced conference call will take place on the same day at 8:30 a.m. ET, and will be available via live webcast [1] - A replay of the conference call will be accessible on the investor relations website for three months [1] Group 2 - Tripadvisor operates as a family of brands that connects people to travel experiences and aims to be the most trusted source for travel [2] - The company leverages its brands, technology, and capabilities to connect a global audience with partners through rich content and travel guidance [2] - Tripadvisor, Inc. owns and operates a portfolio of travel media brands, including Tripadvisor, Viator, and TheFork [2]

Core Insights - TripAdvisor (TRIP) is expected to report break-even quarterly earnings per share, reflecting a 100% decline compared to the same period last year [1] - Analysts forecast revenues of $390.93 million, indicating a year-over-year increase of 5.4% [1] - There has been a downward revision of 1.7% in the consensus EPS estimate over the last 30 days, suggesting a reconsideration of initial forecasts by covering analysts [1] Revenue Estimates - Analysts project 'Revenue- Tripadvisor Core' to reach $244.34 million, showing a slight increase of 0.1% from the prior-year quarter [2] - The 'Revenue- Viator' is estimated to be $135.49 million, reflecting a significant increase of 17.8% from the previous year [2] - 'Revenue- TheFork' is forecasted to reach $38.89 million, indicating an 11.1% increase from the year-ago quarter [2] Adjusted EBITDA and Stock Performance - The estimated 'Adjusted EBITDA- Tripadvisor Core' is $65.47 million, down from $72 million reported in the same quarter last year [3] - Over the past month, TripAdvisor shares have declined by 5.3%, while the Zacks S&P 500 composite has decreased by 1.6% [3] - TripAdvisor holds a Zacks Rank 3 (Hold), suggesting its performance will likely align with the overall market in the near term [3]

Core Insights - Tripadvisor has announced the winners of its annual Travelers' Choice Best of the Best Hotels Awards, highlighting the top-rated hotels globally based on user reviews [1][2] - Hotel Colline de France in Brazil has been crowned the best hotel in the world, while Shore Hotel in California is recognized as the best hotel in the US [1][3] - New award categories for 2024 include Best Pet-Friendly Hotels, Sustainable Hotels, and Wellness Hotels, reflecting evolving consumer preferences [4][5] Summary by Category Best Hotels - Hotel Colline de France, a boutique hotel in Gramado, Brazil, is recognized for its personalized service and has received over 4,000 five-star reviews [2][3] - Shore Hotel in Santa Monica, California, is noted for its eco-friendly design and premium amenities, receiving over 6,000 reviews [3] New Award Categories - The introduction of three new subcategories aims to cater to current travel trends, including pet-friendly, sustainable, and wellness hotels [4][5] - The top pet-friendly hotel globally is Hotel Fioreze Quero Quero in Brazil, featuring over 2 acres of open space for pets [5] - Buahan a Banyan Tree Escape in Bali is recognized as the top sustainable hotel, noted for its unique design and commitment to sustainability [7] - The Emerald Maldives Resort & Spa is highlighted as the best wellness hotel, offering a range of amenities for relaxation and well-being [8] Methodology - The awards are based on the quality and quantity of traveler reviews and ratings collected over the year from January 1, 2023, to December 31, 2023 [3][10] - For the sustainable category, Tripadvisor collaborated with BeCause to analyze hotels certified by recognized sustainability organizations [11]

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Score ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Sc ...

A month has gone by since the last earnings report for TripAdvisor (TRIP) . Shares have lost about 2.8% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is TripAdvisor due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. TripAdvisor Q4 Earnings & Revenues Beat, Rise Y/YT ...

Core Insights - Tripadvisor's stock has experienced a 26% growth since the beginning of 2024, currently priced around $27 per share, but is considered fairly priced and may face pressure in the short to medium term [1] - The company has seen a significant increase in stock price from approximately $21 to $27 year-to-date, outperforming the S&P 500, which grew by 8% during the same period [1] - Liberty Tripadvisor Holdings, owning 21.1% of Tripadvisor's shares, is exploring potential acquisition discussions, which has positively impacted the stock price [1] - Despite high gross margins consistently above 90%, Tripadvisor has struggled with profitability due to high spending on sales and marketing [1] Financial Performance - Tripadvisor's total revenue for fiscal 2023 reached an all-time high of $1.8 billion, reflecting a 20% annual growth, while net income was $10 million, down 42% year-over-year [2] - The company's Q4 revenues increased by 10% year-over-year to $390 million, with an adjusted Q4 EBITDA of $84 million, representing 22% of revenue [2] - Viator, a platform for bookable experiences, now contributes 40% of total revenues, with its revenues growing nearly 50% year-over-year to $737 million in FY 2023 [2] Valuation and Forecast - Tripadvisor's valuation has been revised to $26 per share, based on an expected EPS of $1.07 and a P/E multiple of 23.9x for fiscal year 2024, which is nearly 4% lower than the current market price [3] - Revenue forecasts for Tripadvisor are projected to reach nearly $2 billion for fiscal year 2024, indicating a 10% year-over-year growth [3]

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential for market outperformance over the next 30 days [1] Zacks Style Scores Overview - Each stock is rated from A to F based on value, growth, and momentum characteristics, with A being the highest score indicating better chances of outperforming the market [2] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [2][3][4] Value Score - The Value Score identifies attractive and discounted stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, appealing to value investors [2] Growth Score - The Growth Score assesses a company's future prospects and financial health by analyzing projected and historical earnings, sales, and cash flow [2] Momentum Score - The Momentum Score helps investors capitalize on price trends by evaluating one-week price changes and monthly earnings estimate changes [3] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investment strategies [4] Zacks Rank Integration - The Zacks Rank, based on earnings estimate revisions, has shown a strong historical performance, with 1 (Strong Buy) stocks yielding an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [5] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [6] Company Spotlight: TripAdvisor (TRIP) - TripAdvisor, a leading online travel research company, is currently rated 3 (Hold) on the Zacks Rank with a VGM Score of B and a Value Style Score of B, indicating attractive valuation metrics [7] - The company has seen upward revisions in earnings estimates, with the Zacks Consensus Estimate increasing by $0.18 to $1.60 per share for fiscal 2024, alongside an average earnings surprise of 34.9% [7] - Given its solid Zacks Rank and favorable Style Scores, TripAdvisor is recommended for investors' consideration [8]

Core Insights - Tripadvisor has released its 2024 Travelers' Choice Awards for the Best of the Best Beaches, highlighting the top-rated beaches globally based on user reviews over the past year [1][2] - Praia da Falésia in Portugal is ranked as the No. 1 beach in the world, while Ka'anapali Beach in Hawaii is the top beach in the U.S. for the second consecutive year [2][5] Global Beach Rankings - The top three beaches in the world for 2024 are: 1. Praia da Falésia, Portugal 2. Spiaggia dei Conigli, Italy 3. La Concha Beach, Spain - The list includes beaches from 18 countries across five continents, indicating a shift in traveler preferences towards European coastlines over traditional Caribbean destinations [2][3] U.S. Beach Rankings - The top beaches in the U.S. for 2024 include: 1. Ka'anapali Beach, Hawaii 2. Siesta Beach, Florida 3. Poipu Beach Park, Hawaii - Hawaii leads with 10 award-winning beaches, showcasing its popularity among travelers [5][6] Sustainable Beaches Initiative - Tripadvisor has introduced a new ranking for Sustainable Beaches, reflecting the growing importance of environmental considerations among travelers, with 55% of users indicating that helping the environment is important to them [9][10] - The Sustainable Beaches list is based on data from the Blue Flag program and traveler reviews focusing on sustainability [11] Methodology - The Travelers' Choice Awards are based on the quality and quantity of reviews and ratings on Tripadvisor over a 12-month period from October 1, 2022, to September 30, 2023 [11] - The Sustainable Beaches ranking incorporates sustainability data and requires a minimum number of reviews and a high average rating [11]