Tripadvisor, Inc. (NASDAQ:TRIP) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM 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 Ben Miller - Goldman Sachs Naved Khan - B. Riley Securities Wei Fang - Mizuho Securities Operator Good day and thank you for standing by. Welcome to the Tripadvisor Second Quarter 2024 Conference Call. At this time, all partici ...

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 June 30, 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 incorpor ...

Exhibit 99.1 Tripadvisor Reports Second Quarter 2024 Financial Results NEEDHAM, MA, August 6, 2024 — Tripadvisor, Inc. (Nasdaq: TRIP) ("Tripadvisor" or the "Company") today announced financial results for the second quarter ended June 30, 2024. • Revenue of $497 million, reflecting year-over-year growth of 1% • Net income of $24 million, or $0.17 per share • Non-GAAP net income of $57 million, or $0.39 per share • Adjusted EBITDA of $97 million, or 20% of revenue "Our second quarter consolidated financial r ...

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 ...

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].

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 ...

Tripadvisor, Inc. (NASDAQ:TRIP) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Angela White - VP, IR Matt Goldberg - President and CEO Mike Noonan - CFO Conference Call Participants Naved Khan - B. Riley Securities Benjamin Miller - Goldman Sachs Lloyd Walmsley - UBS Unidentified Analyst - J.P. Morgan Niall Mitchelson - Bernstein Jed Kelly - Oppenheimer Brian Fitzgerald - Wells Fargo Tom White - D.A. Davidson Unidentified Analyst - Jefferies Operator Good day and thank you ...

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 September 30, 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. ...