TripAdvisor (TRIP) reported non-GAAP first-quarter 2024 earnings of 12 cents per share, which significantly jumped from the prior-year quarter’s 5 cents. The figure also beat the Zacks Consensus Estimate, which was pegged at break even.Revenues of $395 million increased 6% year over year and surpassed the Zacks Consensus Estimate of $390.9 million.Top-line growth was driven by the strong momentum in the Viator segment. A well-performing TheFork segment also benefited the company.However, softness across Tri ...

Key TakeawaysA possible deal for Tripadvisor was rejected Wednesday by a special committee considering alternatives for the online travel site, sending the company's shares down nearly 29%.The committee was formed in February after Tripadvisor's controlling shareholder said it was looking at potential transactions.The news of the abandoned deal came in the company's first-quarter financial report, which showed sales at its Tripadvisor brand fell in the period. A decision not to pursue a merger sent shares o ...

The company's largest shareholder needs cash within the next year.Shares of travel platform Tripadvisor (TRIP -28.93%) got hammered on Wednesday after reporting quarterly financial results, revealing that the company wasn't for sale, and as investors grappled with concerning commentary from Liberty Tripadvisor Holdings. As of 1:30 p.m. ET, Tripadvisor stock was down 28%.Pull up a seat -- this story is trickyThis confusing story is hard to succinctly explain, but here goes: Liberty Tripadvisor is an independ ...

Tripadvisor, Inc. (NASDAQ:TRIP) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Angela White – Vice President of Investor Relations Matt Goldberg – President and Chief Executive Officer Mike Noonan – Chief Financial Officer Conference Call Participants Naved Khan – B. Riley Securities Niall Mitchelson – Bernstein Dae Lee – JPMorgan Jed Kelly – Oppenheimer Vince Cipiel – Cleveland Research Company Tom White – D.A. Davidson & Co Operator Good day and thank you for standing by. Wel ...

For the quarter ended March 2024, TripAdvisor (TRIP) reported revenue of $395 million, up 6.5% over the same period last year. EPS came in at $0.12, compared to $0.05 in the year-ago quarter. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35362 TRIPADVISOR, INC. (Exact name of registrant as specified in its charter) Delaware 80-0743202 (State or other jurisdiction of (I.R.S. ...

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]