Tripadvisor Inc
NASDAQ:TRIP

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Tripadvisor Inc
NASDAQ:TRIP
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Price: 15.32 USD 1.86% Market Closed
Market Cap: 1.8B USD

Tripadvisor Inc
Investor Relations

Tripadvisor Inc. emerged on the digital scene as a game-changer in the travel industry, shaping how people plan and experience their journeys. Founded in 2000, it quickly evolved from a simple travel review site to a comprehensive travel platform that aggregates user-generated content, offering travelers reviews and advice on hotels, restaurants, attractions, and more. Its magic lies in the way it harnesses the collective wisdom of millions, presenting a multitude of perspectives that guide fellow travelers in making informed decisions. As travelers flock to its website and mobile apps, they are met with a rich tapestry of experiences shared by people just like them, creating an authentic and trusted repository of travel knowledge.

Tourism and travel companies are keen to tap into the treasure trove of potential customers visiting Tripadvisor, and this is where the company generates its revenue. It predominantly makes money through advertising and commission-based models. The platform features various ads and sponsored placements, allowing businesses to boost their visibility among Tripadvisor's expansive audience. Furthermore, Tripadvisor runs affiliate marketing and provides instant booking services, earning commissions whenever users book hotels, tours, and restaurants via its platform. By effectively monetizing the convergence of content and commerce, Tripadvisor remains a pivotal player in the travel ecosystem, continually adapting to the ever-changing landscape of digital consumer behavior.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Revenue Growth: Tripadvisor reported Q3 consolidated revenue of $553 million, up 4% year-over-year, in line with expectations.

Profitability: Adjusted EBITDA reached $123 million (22% margin), beating expectations, with margin improvements at Viator and TheFork.

Strategic Shift: Management announced a fundamental shift to focus on the Experiences segment and AI, driving $85 million in annualized cost savings and a 20% headcount reduction.

Experiences Acceleration: The Experiences business (Viator and Tripadvisor) is now the central focus, aiming for accelerated growth, leveraging unified operations and global brand reach.

AI Investment: Tripadvisor is investing in AI-native products, launching new planning tools, and expanding licensing partnerships with leading AI companies.

Legacy Business Management: Brand Tripadvisor's hotel and media segments will focus on profitability rather than growth, given continued SEO-related headwinds.

Guidance: Q4 revenue expected to be flat year-over-year; full-year consolidated revenue growth of 3–4% with adjusted EBITDA margin of 16–18%, unchanged from prior expectations.

Key Financials
Revenue
$553 million
Adjusted EBITDA
$123 million
Adjusted EBITDA Margin
22%
Viator Revenue
$294 million
Viator Adjusted EBITDA
$50 million
Viator Adjusted EBITDA Margin
17%
Viator Experiences Booked (volume growth)
up 18%
Viator Gross Booking Value (GBV)
$1.3 billion
Brand Tripadvisor Revenue
$235 million
Brand Tripadvisor Adjusted EBITDA
$59 million
Brand Tripadvisor Adjusted EBITDA Margin
25%
Branded Hotels Revenue
$143 million
Media and Advertising Revenue
$36 million
Experiences and Dining Revenue (Brand Tripadvisor)
$47 million
TheFork Revenue
$63 million
TheFork Adjusted EBITDA
$14 million
TheFork Adjusted EBITDA Margin
22%
TheFork B2C Bookings Volume
up 11%
TheFork Branded Direct Channel Bookings
up 13%
Cost of Revenue (as percent of revenue)
7%
Marketing Costs (as percent of revenue)
41%
Technology Costs (as percent of revenue)
under 5%
Operating Cash Flow (Q3)
$45 million
Free Cash Flow (Q3)
$26 million
Operating Cash Flow (LTM)
$347 million
Free Cash Flow (LTM)
$261 million
Cash and Cash Equivalents (as of September 30)
$1.2 billion
Deferred Merchant Payables
$393 million
Term Loan B Proceeds
$350 million
Excess Cash Balance
$475 million
Share Repurchase Authorization Remaining
$160 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael Noonan
Chief Financial Officer
No Bio Available
Mr. Seth Jonathan Kalvert J.D.
Chief Legal Officer & Secretary
No Bio Available
Ms. Kristen Dalton
President
No Bio Available
Mr. Geoffrey Gouvalaris
VP of Accounting & Chief Accounting Officer
No Bio Available
Ms. Angela White
Vice President of Investor Relations
No Bio Available
Mr. Sanjay Raman
Chief Product Officer
No Bio Available
Ms. Kate Forrestall
Chief Talent Officer
No Bio Available
Mr. Almir Ambeskovic
Chief Executive Officer of TheFork
No Bio Available
Mr. Barry Diller
Special Advisor
No Bio Available

Contacts

Address
MASSACHUSETTS
Needham
400 1st Ave
Contacts
+17818005800.0
www.tripadvisor.com