Here’s Why TripAdvisor (TRIP) Surged in Q3

Core Insights - Longleaf Partners Small-Cap Fund reported a return of 2.03% in Q3 2025, underperforming compared to the Russell 3000's 8.18% and the Russell 2000's 12.39% [1] Company Performance - Tripadvisor, Inc. (NASDAQ:TRIP) achieved a one-month return of 3.11% and a 52-week gain of 7.92%, closing at $15.27 per share with a market capitalization of $1.785 billion on December 01, 2025 [2] - The company reported a revenue growth of 4% in Q3 2025, totaling $553 million, with an adjusted EBITDA of $123 million, representing 22% of the revenue [4] Investment Highlights - Tripadvisor's performance was bolstered by growth in its Viator and TheFork businesses, alongside accretive share repurchases [3] - The stock price was positively influenced by activist investor Starboard filing a 13D, indicating potential paths for value realization [3] - Despite the positive outlook for Tripadvisor, the potential of certain AI stocks is noted to offer greater upside with less downside risk [4]