Tripadvisor (TRIP)
Market Price (12/24/2025): $14.005 | Market Cap: $1.6 BilSector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines
Tripadvisor (TRIP)
Market Price (12/24/2025): $14.005Market Cap: $1.6 BilSector: Consumer DiscretionaryIndustry: Hotels, Resorts & Cruise Lines
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% | Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -102% | Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 21% |
| Attractive yieldFCF Yield is 16% | Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.91 | Key risksTRIP key risks include [1] declining revenue from its legacy hotel meta offering, Show more. |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Online Marketplaces, and Travel & Leisure Tech. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Attractive yieldFCF Yield is 16% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Online Marketplaces, and Travel & Leisure Tech. |
| Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -102% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.91 |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 21% |
| Key risksTRIP key risks include [1] declining revenue from its legacy hotel meta offering, Show more. |
Why The Stock Moved
Qualitative Assessment
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Tripadvisor (TRIP) experienced significant stock movements in 2024 due to several factors impacting its financial performance and market outlook. Although the requested period of 8/31/2025 to today (December 24, 2025) is in the future, key events from the most recent available information (2024) explain a substantial decline in the company's stock value during that year, including instances of considerable drops.1. Weak demand for online advertising and intense competition. Tripadvisor has faced challenges with weak demand for online advertising and significant competition from larger players like Alphabet (Google), which has put pressure on its business model.
2. Slowdown in the Tripadvisor Core brand's revenue. The company's core brand experienced a slowdown in its revenue share, contributing 50% to total revenues in Q2 2024, a decrease from approximately 58% in 2023. Furthermore, the Brand Tripadvisor segment's revenue declined by 12% year-over-year in Q3 2024.
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Stock Movement Drivers
Fundamental Drivers
The -23.6% change in TRIP stock from 9/23/2025 to 12/23/2025 was primarily driven by a -41.7% change in the company's P/E Multiple.| 9232025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 18.33 | 14.00 | -23.62% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1870.00 | 1891.00 | 1.12% |
| Net Income Margin (%) | 3.48% | 4.18% | 20.19% |
| P/E Multiple | 35.25 | 20.56 | -41.68% |
| Shares Outstanding (Mil) | 125.00 | 116.00 | 7.20% |
| Cumulative Contribution | -24.02% |
Market Drivers
9/23/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| TRIP | -23.6% | |
| Market (SPY) | 3.7% | 49.3% |
| Sector (XLY) | 2.7% | 39.3% |
Fundamental Drivers
The 4.2% change in TRIP stock from 6/24/2025 to 12/23/2025 was primarily driven by a 44.9% change in the company's Net Income Margin (%).| 6242025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 13.43 | 14.00 | 4.24% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1838.00 | 1891.00 | 2.88% |
| Net Income Margin (%) | 2.88% | 4.18% | 44.88% |
| P/E Multiple | 35.72 | 20.56 | -42.45% |
| Shares Outstanding (Mil) | 140.97 | 116.00 | 17.71% |
| Cumulative Contribution | 0.97% |
Market Drivers
6/24/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| TRIP | 4.2% | |
| Market (SPY) | 13.7% | 40.4% |
| Sector (XLY) | 13.5% | 33.5% |
Fundamental Drivers
The -0.4% change in TRIP stock from 12/23/2024 to 12/23/2025 was primarily driven by a -62.1% change in the company's P/E Multiple.| 12232024 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 14.06 | 14.00 | -0.43% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1814.00 | 1891.00 | 4.24% |
| Net Income Margin (%) | 1.98% | 4.18% | 110.51% |
| P/E Multiple | 54.29 | 20.56 | -62.13% |
| Shares Outstanding (Mil) | 139.00 | 116.00 | 16.55% |
| Cumulative Contribution | -3.15% |
Market Drivers
12/23/2024 to 12/23/2025| Return | Correlation | |
|---|---|---|
| TRIP | -0.4% | |
| Market (SPY) | 16.7% | 59.1% |
| Sector (XLY) | 7.3% | 54.8% |
Fundamental Drivers
The -21.6% change in TRIP stock from 12/24/2022 to 12/23/2025 was primarily driven by a -52.6% change in the company's P/S Multiple.| 12242022 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 17.85 | 14.00 | -21.57% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1379.00 | 1891.00 | 37.13% |
| P/S Multiple | 1.81 | 0.86 | -52.61% |
| Shares Outstanding (Mil) | 140.00 | 116.00 | 17.14% |
| Cumulative Contribution | -23.87% |
Market Drivers
12/24/2023 to 12/23/2025| Return | Correlation | |
|---|---|---|
| TRIP | -34.3% | |
| Market (SPY) | 48.4% | 46.9% |
| Sector (XLY) | 38.2% | 43.0% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TRIP Return | -5% | -5% | -34% | 20% | -31% | -4% | -53% |
| Peers Return | � | 7% | -36% | 45% | 11% | 3% | � |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| TRIP Win Rate | 42% | 33% | 33% | 50% | 42% | 25% | |
| Peers Win Rate | � | 54% | 46% | 60% | 56% | 54% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| TRIP Max Drawdown | -52% | -16% | -37% | -21% | -40% | -28% | |
| Peers Max Drawdown | � | -18% | -46% | -13% | -27% | -30% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: BKNG, EXPE, ABNB, SABR. See TRIP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/23/2025 (YTD)
How Low Can It Go
| Event | TRIP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -76.6% | -25.4% |
| % Gain to Breakeven | 327.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -54.2% | -33.9% |
| % Gain to Breakeven | 118.1% | 51.3% |
| Time to Breakeven | 295 days | 148 days |
| 2018 Correction | ||
| % Loss | -53.9% | -19.8% |
| % Gain to Breakeven | 117.0% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to GOOGL, BKNG, ABNB, EXPE, TZOO
In The Past
Tripadvisor's stock fell -76.6% during the 2022 Inflation Shock from a high on 3/17/2021. A -76.6% loss requires a 327.1% gain to breakeven.
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TripAdvisor, Inc. operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as bokun.io, cruisecritic.com, flipkey.com, thefork.com, helloreco.com, holidaylettings.co.uk, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, seatguru.com, singleplatform.com, vacationhomerentals.com, and viator.com. In addition, the company provides information and services for consumers to research and book restaurants reservation in travel destinations; and vacation and short-term rental properties, including full home, condominiums, villas, beach properties, cabins, and cottages. As of December 31, 2020, it featured 1 billion reviews and opinions on 1 billion hotels and other accommodations, restaurants, experiences, airlines, and cruises. TripAdvisor, Inc. was founded in 2000 and is headquartered in Needham, Massachusetts.
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- Yelp for travel
- The Amazon of travel planning and reviews
- Yelp meets Expedia for travel planning
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```html- User-Generated Content & Information Platform: Provides a global database of user-submitted reviews, ratings, and photos for hotels, restaurants, attractions, and flights. (Category: Information and community platform service)
- Online Travel Agency (OTA) for Hotels: Facilitates price comparison and booking of hotel accommodations directly or through partner sites. (Category: Online booking service)
- Experiences & Attractions Booking (Viator): Offers discovery and booking of tours, activities, and local experiences worldwide. (Category: Online booking service)
- Restaurant Reservations (TheFork): Enables users to find restaurants, view menus, and make table reservations online. (Category: Online booking service)
- Advertising & Business Solutions: Provides marketing tools and advertising placements for hospitality businesses to connect with travelers. (Category: Marketing and advertising service)
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Tripadvisor (symbol: TRIP) primarily sells its services to other companies rather than directly to individuals. Its business model revolves around connecting travelers with businesses in the hospitality and travel industry through advertising, referral fees, and subscription services.
Its major customers are companies that seek to reach Tripadvisor's large audience of travelers. These include:
- Online Travel Agencies (OTAs): These companies are significant advertisers on Tripadvisor, paying for click-based advertising that redirects users to their booking platforms for hotels, flights, and other travel services.
- Booking Holdings Inc. (NASDAQ: BKNG)
- Expedia Group, Inc. (NASDAQ: EXPE)
- Hotels, Restaurants, and Attraction Operators: This broad category includes independent businesses as well as large chains. They pay Tripadvisor for various services such as:
- Direct advertising campaigns on the platform.
- Subscription services (e.g., Business Advantage for hotels and restaurants) for enhanced profiles, analytics, and direct communication tools.
- Commission-based booking services (e.g., through Tripadvisor's subsidiaries like Viator for experiences and TheFork for restaurant reservations).
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- Amazon.com, Inc. (AMZN)
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Matt Goldberg President & CEO
Matt Goldberg has over 20 years of leadership experience across sectors including travel, digital media, e-commerce, and data, where he has driven innovation and expansion. Prior to joining Tripadvisor in July 2022, he served as Executive Vice President, North America and Global Operations for The Trade Desk, a global media buying and advertising platform. He was also the CEO of Lonely Planet, a travel guide publisher. Additionally, he served as Global Head of M&A and Strategic Alliances and Head of India for News Corp, and Senior Vice President, Global Market Development and Head of Corporate Development for Qurate (formerly QVC). Matt Goldberg is also the founding director of Dataphilanthropy, a non-profit focused on applying data to address economic disparity. He previously served on the board of directors of Blue Ocean Acquisition Corp.
Michael Noonan Chief Financial Officer
Michael Noonan brings over 30 years of experience in capital markets, marketplace, and digital subscription models, as well as consumer-focused brands. Before joining Tripadvisor in October 2022, he served as the Chief Financial Officer of Noom, Inc., a consumer-focused digital health company, since October 2020. Prior to Noom, he was the Senior Vice President of Finance for Booking Holdings, Inc., where he oversaw corporate finance activities including financial planning, capital budgeting, and investor relations. His career also includes capital markets roles at RBC Capital Markets, NYSE Euronex, J.P. Morgan, and Bear Stearns & Co.
Seth Kalvert Chief Legal Officer and Secretary
Seth Kalvert is responsible for all legal activities of the Tripadvisor Group. He joined Tripadvisor as General Counsel in August 2011. Before Tripadvisor, he held various legal positions at Expedia, Inc. from 2005 to 2011, most recently as Vice President, Associate General Counsel, where he focused on mergers and acquisitions and transactional work, and managed legal support for various Expedia brands. He also held legal roles at IAC/InterActiveCorp, which he joined in July 2001, and had a business development role at a privately-held online social networking and e-commerce company. He started his legal career practicing law at Debevoise & Plimpton, LLP.
Sanjay Raman Chief Product Officer
Sanjay Raman joined Tripadvisor in January 2023 as Chief Product Officer, where he drives innovation, development, and improvements within the company's suite of products and services for travelers, diners, and partners. Prior to Tripadvisor, he held key product roles at companies such as Airbnb and Houzz. He also has experience in venture capital, having worked with and led investments in early-stage consumer marketplaces at Greylock. Raman began his product career at Google, where he led teams on Google Video and Google Apps products.
Almir Ambeskovic CEO, TheFork
Almir Ambeskovic was appointed CEO of TheFork group worldwide. He joined TheFork in 2014 as Italy Country Manager following Tripadvisor's acquisition of RestOpolis, an online restaurant reservation startup he founded and led since 2011. Prior to his CEO appointment, he served as Vice President Sales and Marketing for TheFork, responsible for business growth across its markets. Born in Sarajevo in 1977, Almir began his career as a consultant and entrepreneur in the IT sector, founding three companies. He has been an active mentor for innovation in Italy and in 2012, created and hosted the first Italian television program on startups and innovation.
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The key risks to Tripadvisor's business include:
- Declining Revenue from Legacy Hotel Meta Offering: Tripadvisor is experiencing significant headwinds and softness in pricing within its legacy hotel meta offering, leading to a decline in revenue for its Brand Tripadvisor segment. The company is actively working to transform this part of its business to reduce its historical reliance on this pressured segment.
- Intense Competition and Dependence on Search Engines: Tripadvisor faces rising competitive pressure from larger travel platforms and direct competition from Google, which has entered the travel meta-search space. The company's organic traffic is heavily dependent on Google search, making Google's competitive actions a potential threat to its core value proposition.
- Maintaining Platform Trustworthiness and Combating Fake Reviews: The integrity of Tripadvisor's platform, which relies on trustworthy reviews, is crucial to its business model. The company continuously battles fraudulent activities, including fake reviews, with "review boosting" being a major contributor to fraud. Successfully combating these fake reviews is essential to maintaining consumer trust.
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- The rise of AI-powered travel planning and discovery tools: Generative AI models (e.g., Google's AI Overviews, ChatGPT with travel-specific plugins, Microsoft Copilot) are increasingly capable of synthesizing information from vast data sets, including reviews and pricing, to provide personalized travel recommendations, generate itineraries, and even facilitate direct bookings through conversational interfaces. This emerging trend threatens Tripadvisor's traditional model where users manually browse reviews, compare prices, and research destinations across its platform. As AI solutions become more sophisticated and integrated into broader search and operating systems, they could bypass the need for dedicated travel planning websites by offering a streamlined, all-in-one planning experience.
- Short-form video platforms as primary sources of travel inspiration and discovery: Platforms such as TikTok, Instagram Reels, and YouTube Shorts have become dominant channels for users, particularly younger demographics, to discover travel destinations, hotels, restaurants, and activities through highly visual and immersive video content. This shift means that the initial phase of travel inspiration and destination research is increasingly happening on these social media platforms, rather than through text-based reviews or curated lists on sites like Tripadvisor. This could lead to a reduction in Tripadvisor's top-of-funnel traffic and diminish its role as the go-to source for initial travel discovery.
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Tripadvisor (TRIP) operates in several large addressable markets within the global travel and leisure industry, primarily through its online travel agency (OTA) platform, experiences and attractions booking services, restaurant reservation services, and vacation rentals.
Here are the addressable market sizes for Tripadvisor's main products and services:
- Online Travel Agency (OTA) / Travel Planning and Booking Platform: Tripadvisor's core business functions as an online travel agency and travel guidance platform, offering hotel and flight booking, price comparison tools, and comprehensive travel information. The global online travel agencies market was estimated at approximately USD 612.95 billion in 2024 and is projected to reach USD 1,003.13 billion by 2030. Another estimate places the global online travel agent market at nearly USD 907.69 billion in 2024, with an expected growth to USD 1.18 trillion in 2029. The broader global online travel market, encompassing OTAs, was valued at USD 354.2 billion in 2021 and is projected to grow to USD 1,835.6 billion by 2030.
- Experiences & Attractions (Tours, Activities, and Attractions): Through brands like Viator, Tripadvisor provides marketplaces for booking tours, activities, and attractions. The total global travel experience market, including tours, attractions, and activities, is estimated to be more than USD 3 trillion. Of this, destination visitors contribute approximately USD 1.1 trillion to USD 1.3 trillion annually, representing the total addressable market for travel experiences. More specifically, paid, structured tourist activities account for roughly 25% of global experience spending, totaling about USD 250 billion to USD 310 billion per year. The global tours and activities reservations market was valued at US$179 billion in 2024 and is projected to reach US$264.4 billion by 2030.
- Restaurant Reservations / Dining Experiences: Tripadvisor operates TheFork, a platform specializing in online restaurant reservations. The global online restaurant reservation system market size is valued at USD 2.43 billion in 2025 and is projected to reach USD 6.71 billion by 2035. The global Restaurant Reservations Software market grew to USD 6,597.72 million in 2024 and is anticipated to reach USD 16,413.09 million by 2032.
- Vacation Rentals: Tripadvisor offers booking services for various short-term rental properties, including through brands like FlipKey and Holiday Lettings. The global vacation rental market size was estimated at USD 88.26 billion in 2024 and is expected to reach USD 138.57 billion by 2032. Another report indicates that the global vacation rental market is projected to generate USD 105.71 billion in revenue in 2025, with an anticipated increase to USD 125.58 billion by 2029.
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Here are 3-5 expected drivers of future revenue growth for Tripadvisor (TRIP) over the next 2-3 years:
- Continued Growth of Viator (Experiences Segment): Tripadvisor is strategically focused on its Viator platform, which has consistently demonstrated strong growth in experiences booked and revenue. The company is balancing investment and growth in Viator to increase its contribution to overall revenue and profit, positioning it as a high-growth marketplace.
- Expansion and Profitability of TheFork (Dining Segment): TheFork segment has shown impressive revenue growth and improving profitability, nearly doubling its adjusted EBITDA margin in some periods. This makes it a significant contributor to Tripadvisor's financial success and a key part of its diversified portfolio.
- Leveraging Artificial Intelligence (AI) for Enhanced Offerings: Tripadvisor plans to launch an AI-native Minimum Viable Product (MVP) and is actively using AI to improve the customer experience, develop new product offerings, and drive engagement and monetization across its platforms, particularly for travel planning and guidance.
- Strategic Shift to an Experiences-Led Business Model: The company is undergoing a strategic realignment to become an "experiences-led" organization. This involves integrating the Viator business more closely with the core Brand Tripadvisor to streamline operations, create synergies, and emphasize the growing experiences segment over traditional hotel and media revenues, which have faced headwinds.
- Expansion of Supply Catalog in Experiences: Tripadvisor is working to expand its supply catalog for experiences into secondary and tertiary markets. This initiative aims to broaden the choices available to consumers, thereby contributing to customer growth and increased bookings within the experiences category.
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Share Repurchases
- Tripadvisor authorized a $250 million share repurchase program effective September 7, 2023, with a two-year term.
- The company engaged in share repurchases including $24.97 million in Q4 2023, $24.98 million in Q2 2024, and a projected $476.35 million in Q2 2025.
- Tripadvisor plans to effectively repurchase approximately 27 million shares, representing about 19% of its common stock, through a $435 million merger with Liberty Tripadvisor Holdings, expected to close in Q2 2025, to simplify its capital structure.
Share Issuance
- As part of the merger with Liberty Tripadvisor Holdings, Tripadvisor will issue 3,037,959 shares of its common stock to Liberty's Series A preferred shareholders.
- The company regularly issues stock-based compensation, contributing to ongoing share issuance.
Inbound Investments
- In March 2020, private equity firm Certares made a $325 million strategic investment in preferred stock in Liberty Tripadvisor Holdings, Tripadvisor's then-controlling shareholder.
- Activist investor Starboard Value holds a 9% stake in Tripadvisor, aiming to unlock value through strategic changes.
Capital Expenditures
- Tripadvisor's annual capital expenditures were $40 million in 2020, $36 million in 2021, $34 million in 2022, $32 million in 2023, and $30 million in 2024.
- The company's strategic realignment involves focusing resources and internal investments on its experiences business, including Viator and TheFork.
Latest Trefis Analyses
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| ARTICLES |
Trade Ideas
Select ideas related to TRIP. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 10.6% | 10.6% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.8% | 4.8% | -0.1% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.6% | 2.6% | -4.4% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 19.5% | 19.5% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.9% | 3.9% | -1.6% |
| 03312020 | TRIP | Tripadvisor | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 12.6% | 209.3% | -10.4% |
| 08312019 | TRIP | Tripadvisor | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -30.6% | -27.3% | -57.2% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Tripadvisor
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 136.49 |
| Mkt Cap | 35.7 |
| Rev LTM | 11,943 |
| Op Inc LTM | 1,977 |
| FCF LTM | 2,998 |
| FCF 3Y Avg | 2,268 |
| CFO LTM | 3,774 |
| CFO 3Y Avg | 3,056 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.8% |
| Rev Chg 3Y Avg | 11.6% |
| Rev Chg Q | 8.7% |
| QoQ Delta Rev Chg LTM | 2.5% |
| Op Mgn LTM | 13.8% |
| Op Mgn 3Y Avg | 12.2% |
| QoQ Delta Op Mgn LTM | 1.1% |
| CFO/Rev LTM | 26.3% |
| CFO/Rev 3Y Avg | 22.6% |
| FCF/Rev LTM | 20.9% |
| FCF/Rev 3Y Avg | 16.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 35.7 |
| P/S | 2.5 |
| P/EBIT | 18.6 |
| P/E | 25.7 |
| P/CFO | 9.4 |
| Total Yield | 4.3% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 6.0% |
| D/E | 0.2 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 14.3% |
| 3M Rtn | -1.1% |
| 6M Rtn | 3.3% |
| 12M Rtn | 1.5% |
| 3Y Rtn | 60.1% |
| 1M Excs Rtn | 9.7% |
| 3M Excs Rtn | -5.5% |
| 6M Excs Rtn | -8.2% |
| 12M Excs Rtn | -12.3% |
| 3Y Excs Rtn | -27.0% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Brand Tripadvisor | 1,031 | 966 | 665 | ||
| Viator | 737 | 493 | 184 | ||
| TheFork | 154 | 126 | 85 | ||
| Corporate & Eliminations | -134 | -93 | -32 | ||
| Experiences & Dining | 186 | 456 | |||
| Hotels, Media & Platform | 361 | 939 | |||
| Other | 57 | 165 | |||
| Total | 1,788 | 1,492 | 902 | 604 | 1,560 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Brand Tripadvisor | 348 | 345 | 177 | ||
| Corporate & Eliminations | 0 | 0 | |||
| Viator | 0 | -11 | -31 | ||
| Transaction related expenses | -3 | -8 | |||
| TheFork | -14 | -39 | -46 | ||
| Restructuring and other related reorganization costs | -22 | -41 | -1 | ||
| Depreciation and amortization | -87 | -97 | -111 | -125 | -126 |
| Stock-based compensation | -96 | -88 | -120 | -109 | -124 |
| Legal reserves, settlements and other | -1 | ||||
| Experiences & Dining | -79 | 5 | |||
| Hotels, Media & Platform | 13 | 378 | |||
| Impairment of goodwill | -3 | ||||
| Other | 15 | 55 | |||
| Total | 126 | 101 | -131 | -329 | 187 |
Price Behavior
Price Behavior
| Market Price | $14.00 | |
| Market Cap ($ Bil) | 1.6 | |
| First Trading Date | 12/07/2011 | |
| Distance from 52W High | -26.9% | |
| 50 Days | 200 Days | |
| DMA Price | $15.25 | $15.30 |
| DMA Trend | down | down |
| Distance from DMA | -8.2% | -8.5% |
| 3M | 1YR | |
| Volatility | 47.5% | 56.1% |
| Downside Capture | 215.41 | 186.60 |
| Upside Capture | 50.27 | 158.57 |
| Correlation (SPY) | 49.6% | 59.2% |
TRIP Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.59 | 2.01 | 2.24 | 2.05 | 1.69 | 1.53 |
| Up Beta | 1.36 | 2.79 | 3.00 | 2.79 | 1.68 | 1.54 |
| Down Beta | 5.63 | 2.55 | 2.08 | 2.38 | 1.86 | 1.64 |
| Up Capture | 172% | 109% | 135% | 152% | 203% | 203% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 10 | 20 | 29 | 57 | 121 | 380 |
| Down Capture | 277% | 185% | 244% | 179% | 132% | 109% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 9 | 21 | 32 | 64 | 121 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of TRIP With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| TRIP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 8.1% | 7.8% | 18.8% | 72.9% | 9.0% | 3.7% | -11.4% |
| Annualized Volatility | 56.3% | 24.3% | 19.5% | 19.2% | 15.3% | 17.2% | 35.0% |
| Sharpe Ratio | 0.34 | 0.25 | 0.76 | 2.72 | 0.36 | 0.05 | -0.14 |
| Correlation With Other Assets | 54.2% | 58.4% | 1.4% | 19.3% | 42.7% | 21.9% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of TRIP With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| TRIP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -12.8% | 9.9% | 14.8% | 18.9% | 11.8% | 4.7% | 35.5% |
| Annualized Volatility | 52.8% | 23.8% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | -0.06 | 0.38 | 0.70 | 0.98 | 0.51 | 0.16 | 0.62 |
| Correlation With Other Assets | 47.4% | 46.0% | 0.2% | 13.0% | 33.6% | 22.2% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of TRIP With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| TRIP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -15.6% | 13.2% | 14.8% | 15.1% | 6.8% | 5.4% | 69.1% |
| Annualized Volatility | 51.8% | 22.0% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | -0.12 | 0.55 | 0.71 | 0.85 | 0.31 | 0.23 | 0.90 |
| Correlation With Other Assets | 47.4% | 45.1% | -2.4% | 18.4% | 35.3% | 14.0% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | -0.1% | 2.7% | -2.9% |
| 8/7/2025 | 11.7% | 12.1% | 8.0% |
| 5/7/2025 | 12.5% | 22.8% | 10.8% |
| 2/20/2025 | -6.8% | -15.8% | -15.4% |
| 11/6/2024 | -11.2% | -17.3% | -17.7% |
| 8/6/2024 | -16.6% | -15.3% | -14.6% |
| 5/8/2024 | -28.7% | -24.5% | -27.6% |
| 2/14/2024 | 9.2% | 6.6% | 8.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 9 | 10 |
| # Negative | 16 | 15 | 14 |
| Median Positive | 10.1% | 12.1% | 10.2% |
| Median Negative | -5.6% | -9.6% | -15.0% |
| Max Positive | 18.9% | 29.9% | 56.1% |
| Max Negative | -28.7% | -24.5% | -43.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11062025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-Q 6/30/2025 |
| 3312025 | 5072025 | 10-Q 3/31/2025 |
| 12312024 | 2202025 | 10-K 12/31/2024 |
| 9302024 | 11062024 | 10-Q 9/30/2024 |
| 6302024 | 8062024 | 10-Q 6/30/2024 |
| 3312024 | 5082024 | 10-Q 3/31/2024 |
| 12312023 | 2162024 | 10-K 12/31/2023 |
| 9302023 | 11062023 | 10-Q 9/30/2023 |
| 6302023 | 8022023 | 10-Q 6/30/2023 |
| 3312023 | 5032023 | 10-Q 3/31/2023 |
| 12312022 | 2172023 | 10-K 12/31/2022 |
| 9302022 | 11072022 | 10-Q 9/30/2022 |
| 6302022 | 8042022 | 10-Q 6/30/2022 |
| 3312022 | 5042022 | 10-Q 3/31/2022 |
| 12312021 | 2182022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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