Company Overview - TripAdvisor, Inc. is one of the largest online travel research companies globally, providing a platform for users to share reviews and facilitate bookings between hotel suppliers and consumers [7]. Zacks Rank and Style Scores - TripAdvisor holds a Zacks Rank of 3 (Hold) and has a VGM Score of B, indicating a solid position in the market [7]. - The company has a Value Style Score of B, supported by a forward P/E ratio of 17.11, making it attractive for value investors [7]. Earnings Estimates - In the last 60 days, four analysts have revised their earnings estimates upwards for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.13 to $1.56 per share [7]. - TripAdvisor has an average earnings surprise of 34.9%, suggesting strong performance relative to expectations [7]. Investment Consideration - With a solid Zacks Rank and favorable Value and VGM Style Scores, TripAdvisor is recommended for investors' consideration [8].

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 ...

Core Insights - TripAdvisor reported non-GAAP Q4 2023 earnings of 38 cents per share, exceeding the Zacks Consensus Estimate by 72.7% and significantly up from 7 cents in the prior year [2] - Revenues reached $390 million, a 10% year-over-year increase, surpassing the Zacks Consensus Estimate of $372.9 million, driven by strong performance in the Viator and TheFork segments [2][3] - The company experienced a decline in hotel meta offerings in Europe, which negatively impacted revenues from Tripadvisor-branded hotels [2][3] Revenue Breakdown - Tripadvisor Core segment generated $218 million, accounting for 55.9% of total revenues, with a slight increase of 0.5% year over year [3] - Viator segment revenues totaled $161 million, representing 41.3% of total revenues and a 27% year-over-year increase [3][4] - TheFork segment revenues were $39 million, making up 10% of total revenues, with an 18% year-over-year increase [4] Operating Results - Selling and marketing costs decreased by 7.7% year over year to $179 million, while general and administrative costs fell by 18.9% to $47 million [5] - Technology and content costs increased by 13.4% year over year to $68 million [5] - TripAdvisor reported operating income of $31 million, a significant improvement from an operating loss of $13 million in the prior year [5] Financial Position - As of December 31, 2023, cash and cash equivalents were $1.07 billion, down from $1.12 billion as of September 30, 2023 [6] - Long-term debt remained flat at $839 million [6] - The company reported a free cash outflow of $35 million in the fourth quarter [6] Market Position and Outlook - TripAdvisor holds a Zacks Rank 3 (Hold), indicating an expectation of in-line returns in the coming months [7] - The company has a Growth Score of B but lags in Momentum Score with an F, while maintaining a Value Score of B [6][7] - In comparison, Amazon, a peer in the Internet - Commerce industry, reported a 13.9% year-over-year revenue increase and has a Zacks Rank 2 (Buy) [7][8]

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]

Tripadvisor Inc. can move its incorporation from Delaware to Nevada, a judge said Tuesday, but shareholders will be allowed to seek damages from the move. Delaware Chancery Court Judge J. Travis Laster declined to block the company’s move, but also denied Tripadvisor’s TRIP, +0.64% motion to dismiss a lawsuit brought last year by shareholders claiming a move would be unfair to investors because of less-stringent corporate standards in Nevada. That suit had hoped to persuade the Delaware Chancery Court to ...

TripAdvisor (TRIP) reported non-GAAP fourth-quarter 2023 earnings of 38 cents per share, beating the Zacks Consensus Estimate by 72.7%. The bottom line significantly jumped from the prior-year quarter’s figure of 7 cents.Revenues of $390 million increased 10% year over year and surpassed the Zacks Consensus Estimate of $372.9 million.Top-line growth was driven by strong momentum in the Viator segment. A well-performing TheFork segment also benefited the company.However, weakness in hotel meta offerings in E ...

Financial Data and Key Metrics Changes - Q4 2023 revenue was $390 million, reflecting year-over-year growth of 10% [5][23] - Full year consolidated revenue grew by 20% to an all-time high of $1.8 billion [5][32] - Q4 adjusted EBITDA was $84 million, representing 22% of revenue, exceeding expectations [5][23] - Full year adjusted EBITDA grew 13% to $334 million [5][32] Business Line Data and Key Metrics Changes - Brand Tripadvisor revenue was approximately flat year-over-year at $218 million [23] - Viator revenue grew 27% in Q4 to $161 million, contributing 41% of total group revenue [14][26] - TheFork revenue grew 18% in Q4 to $39 million, with significant margin improvement [19][28] Market Data and Key Metrics Changes - Viator's gross booking value (GBV) grew 20% to over $720 million in Q4 [26] - Experiences revenue grew approximately 20% in Q4, driven by increased traveler engagement [10][25] - Dining revenue slightly declined as the company realigned its B2B sales model [25] Company Strategy and Development Direction - The company aims to diversify its revenue streams and reduce dependence on Hotel Meta revenue, with experiences and dining contributing nearly 50% of total revenue [7][22] - A multiyear strategic vision was introduced to enhance user engagement and monetization paths [8][11] - Focus on leveraging data and AI to deliver personalized experiences for users [13][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth of the travel market despite macroeconomic uncertainties [22][35] - Expectations for some normalization in travel growth in 2024, particularly in Q1 [35][37] - The company plans to maintain a disciplined financial profile while investing in long-term growth [22][35] Other Important Information - The company formed a special committee to evaluate proposals related to potential transactions with Liberty Tripadvisor Holdings [4] - Operating cash flow for the year was $235 million, with free cash flow at $172 million [34] Q&A Session Summary Question: Insights on mobile and app user engagement - Management highlighted the importance of mobile app users, noting that 75% of bookings at TheFork are made via the app, and emphasized efforts to drive more users to download and engage with the app [38][40] Question: Impact of the special committee on Viator spin-off timing - Management stated that the focus remains on business operations and traveler experiences, with no immediate plans for a spin-off [42][43] Question: Viator margin improvement expectations - Management indicated a path towards long-term margin potential for Viator, emphasizing a disciplined approach to user acquisition [44][45] Question: Competitive dynamics in performance marketing - Management acknowledged the competitive landscape in both Viator and Tripadvisor, emphasizing a disciplined marketing strategy to target high-quality traffic [66] Question: Factors affecting Viator's Q4 performance - Management attributed the slowdown in new bookings to macroeconomic factors and a strategic focus on acquiring the right type of users [69]

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, 2023 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. Empl ...