2024 Tripadvisor Summer Travel Index RevealsMost Popular Summer Destinations Globally and in the US NEEDHAM, Mass., May 14, 2024 /PRNewswire/ -- Americans and travelers around the world continue to place a high priority on summer vacations, according to the annual Summer Travel Index released today by Tripadvisor, the world's largest travel guidance platform. In fact, 95 percent of respondents are planning to travel as much (51%) or more (44%) than last summer, despite some concern about economic headwinds. ...

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]