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Investment Highlights Market Valuation Price Chart Return vs. Risk About TRIP Interactive Breakdown Better Bets vs. TRIP Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Tripadvisor (TRIP)

Market Price (11/5/2025): $14.99 | Market Cap: $1.9 Bil
Sector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines

Tripadvisor (TRIP)

Market Price (11/5/2025): $14.99
Market Cap: $1.9 Bil
Sector: Consumer Discretionary
Industry: Hotels, Resorts & Cruise Lines

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%		 Weak multi-year price returns
2Y Excs Rtn is -61%, 3Y Excs Rtn is -111%		 
1 Attractive yield
FCF Yield is 9.2%		  
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%
1 Attractive yield
FCF Yield is 9.2%
2 Weak multi-year price returns
2Y Excs Rtn is -61%, 3Y Excs Rtn is -111%

Market Valuation & Key Metrics

TRIPS&P 500
REVENUE GROWTHFAIR
Rev LTM ($ Bil)1.9
Rev Chg Q6.4%6.7%
Rev Chg LTM3.0%5.6%
Rev Chg 3Y Avg16.1%5.3%
PROFITABILITYPOOR
Op Inc LTM ($ Bil)0.1
CFO LTM ($ Bil)0.3
Net Inc LTM ($ Bil)0.1
Op Mgn LTM7.6%18.8%
CFO/Rev LTM13.8%20.4%
Net Inc Mgn3.5%12.9%
VALUATIONMODERATE
P/S1.03.1
P/CFO7.315.2
P/FCF11.020.3
P/E28.823.7
STABILITYGOOD
Debt/Equity0.670.21
Cash/Assets0.420.07

AI Generated Analysis | Feedback

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TRIP Stock

   
   
   
   
   
   
   
Factor Drivers of Stock Movement
The 16.1% change in TRIP stock from 5/6/2025 to 11/4/2025 was primarily driven by a 1175.7% change in the company's Net Income Margin (%).

506202511042025Change
Stock Price ($)12.7614.8116.07%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1835.001870.001.91%
Net Income Margin (%)0.27%3.48%1175.67%
P/E Multiple354.7328.48-91.97%
Shares Outstanding (Mil)139.00125.0010.07%
Cumulative Contribution14.89%

LTM = Last Twelve Months as of date shown
The -9.4% change in TRIP stock from 11/4/2024 to 11/4/2025 was primarily driven by a -69.9% change in the company's P/E Multiple.

1104202411042025Change
Stock Price ($)16.3414.81-9.36%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1815.001870.003.03%
Net Income Margin (%)1.32%3.48%162.87%
P/E Multiple94.6428.48-69.90%
Shares Outstanding (Mil)139.00125.0010.07%
Cumulative Contribution-10.28%

LTM = Last Twelve Months as of date shown
The -37.6% change in TRIP stock from 11/5/2022 to 11/4/2025 was primarily driven by a -63.5% change in the company's P/S Multiple.

1105202211042025Change
Stock Price ($)23.7214.81-37.56%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1223.001870.0052.90%
P/S Multiple2.710.99-63.46%
Shares Outstanding (Mil)139.69125.0010.52%
Cumulative Contribution-38.25%

LTM = Last Twelve Months as of date shown
Why The Stock Moved

AI Generated Analysis | Feedback

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Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
TRIP Return-5%-5%-34%20%-31%0%-47%
Peers Return10%25%-42%76%41%-1%96%
S&P 500 Return16%27%-19%24%23%15%112%

Monthly Win Rates [3]
TRIP Win Rate42%33%33%50%42%30% 
Peers Win Rate56%60%37%63%60%54% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
TRIP Max Drawdown-52%-16%-37%-21%-40%-28% 
Peers Max Drawdown-39%-8%-47%-1%-16%-29% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GOOGL, BKNG, ABNB, EXPE, TZOO. 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 11/4/2025 (YTD)

How Low Can It Go

Unique KeyEventTRIPS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-76.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven327.1%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-54.2%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven118.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven295 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-53.9%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven117.0%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 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.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Tripadvisor (TRIP)

AI Generated Analysis | Feedback

Yelp for travel

Rotten Tomatoes for hotels and attractions

IMDb for travel destinations

AI Generated Analysis | Feedback

```html
  • User Reviews & Ratings Platform: Provides a vast database of user-generated reviews, opinions, and photos for hotels, restaurants, and attractions worldwide.
  • Hotel Booking Service: Enables users to search, compare prices, and book accommodations directly or through partner booking sites.
  • Experiences & Tours Booking (Viator): Offers a marketplace to discover and book guided tours, activities, and attractions globally.
  • Restaurant Reservations (TheFork): Facilitates finding restaurants, reading reviews, and making table reservations online.
  • Vacation Rentals: Allows users to search and book private homes, apartments, and unique accommodations.
  • Advertising & Business Solutions: Provides marketing and subscription services for travel and hospitality businesses to reach potential customers.
```

AI Generated Analysis | Feedback

Tripadvisor (symbol: TRIP) primarily sells its services and advertising solutions to **other businesses** within the travel and hospitality industry. These businesses leverage Tripadvisor's platform to reach its global audience of travelers, manage their online reputation, and drive bookings or traffic. Its major customers include: * **Online Travel Agencies (OTAs):** These companies pay Tripadvisor for referrals (click-based advertising) and display advertising to direct users to their booking platforms. * Booking Holdings (symbol: BKNG) * Expedia Group (symbol: EXPE) * **Global Hotel Chains:** Major hotel brands and groups pay for advertising, enhanced business listings (e.g., Business Advantage subscriptions), and direct booking referrals. * Marriott International (symbol: MAR) * Hilton Worldwide Holdings (symbol: HLT) * IHG Hotels & Resorts (symbol: IHG) * **Independent Hotels, Restaurants, and Attractions:** A vast number of smaller and independent travel businesses subscribe to Tripadvisor's business products and advertise on the platform to increase their visibility and customer engagement. (These are numerous and not individually major customers, but collectively represent a significant customer base.) * **Airlines, Cruise Lines, and Tour Operators:** These companies also purchase advertising and promotional placements on Tripadvisor to reach potential customers. ```html

Tripadvisor (symbol: TRIP) primarily sells its services and advertising solutions to other businesses within the travel and hospitality industry. These businesses leverage Tripadvisor's platform to reach its global audience of travelers, manage their online reputation, and drive bookings or traffic.

Its major customers include:

  • Online Travel Agencies (OTAs): These companies pay Tripadvisor for referrals (click-based advertising) and display advertising to direct users to their booking platforms.
    • Booking Holdings (symbol: BKNG)
    • Expedia Group (symbol: EXPE)
  • Global Hotel Chains: Major hotel brands and groups pay for advertising, enhanced business listings (e.g., Business Advantage subscriptions), and direct booking referrals.
    • Marriott International (symbol: MAR)
    • Hilton Worldwide Holdings (symbol: HLT)
    • IHG Hotels & Resorts (symbol: IHG)
  • Independent Hotels, Restaurants, and Attractions: A vast number of smaller and independent travel businesses subscribe to Tripadvisor's business products and advertise on the platform to increase their visibility and customer engagement. (These are numerous and not individually major customers, but collectively represent a significant customer base.)
  • Airlines, Cruise Lines, and Tour Operators: These companies also purchase advertising and promotional placements on Tripadvisor to reach potential customers.
```

AI Generated Analysis | Feedback

  • Booking Holdings (BKNG)
  • Expedia Group (EXPE)
  • Amazon.com, Inc. (AMZN)

AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

Generative AI tools and platforms

Generative AI platforms, including Google's Search Generative Experience (SGE), advanced versions of ChatGPT, and Microsoft Copilot, are increasingly capable of providing personalized travel recommendations, detailed itinerary planning, and direct booking links. These tools synthesize information from a wide array of sources to offer curated answers, potentially diminishing the need for users to visit traditional review and comparison sites like Tripadvisor for travel discovery, research, and booking. This development poses a direct threat to Tripadvisor's long-standing position as a primary source for travel insights and planning.

AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

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Interactive Breakdown

Tripadvisor Interactive Breakdown Analysis

Better Bets than Tripadvisor (TRIP)

 TRIPBetter Performance than TRIP
MetricValueIndustry (Hotels, Resorts & Cruise Lines)
Rev Chg LTM3.0%BKNG (13.0%), ABNB (10.2%), MAR (5.1%), RCL (8.6%), HLT (6.7%)
Rev Chg 3Y Avg16.1%BKNG (17.8%), ABNB (16.3%), RCL (37.7%), CCL (45.9%), NCLH (79.0%)
Op Mgn LTM7.6%BKNG (34.5%), ABNB (22.5%), MAR (15.4%), RCL (26.4%), HLT (22.0%)
CFO/Rev LTM13.8%BKNG (33.2%), ABNB (37.2%), RCL (36.2%), HLT (21.4%), CCL (21.4%)
FCF/Rev LTM9.1%BKNG (31.9%), ABNB (37.2%), RCL (11.7%), HLT (19.6%), CCL (11.1%)
Total Yield3.5%BKNG (3.9%), MAR (4.3%), RCL (6.3%), CCL (7.7%), EXPE (4.5%)
 TRIPBetter Performance than TRIP
MetricValueAll Other Sectors
Rev Chg LTM3.0%NVDA (71.6%), AAPL (6.0%), MSFT (15.6%), GOOGL (13.4%), AVGO (28.0%)
Rev Chg 3Y Avg16.1%NVDA (92.0%), AVGO (24.0%), META (17.3%), BRK-B (19.8%), LLY (23.4%)
Op Mgn LTM7.6%NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), GOOGL (32.2%), AVGO (39.0%)
CFO/Rev LTM13.8%NVDA (46.6%), AAPL (26.6%), MSFT (50.0%), GOOGL (39.3%), AVGO (42.4%)
FCF/Rev LTM9.1%NVDA (43.6%), AAPL (23.5%), MSFT (26.6%), GOOGL (19.1%), AVGO (41.6%)
Total Yield3.5%GOOGL (4.0%), META (4.0%), BRK-B (6.4%), JPM (6.6%), V (3.8%)
 Best Bets In Consumer Discretionary Sector
 TRIPABNB BKNG MCD ETSY LOPE ALSN CROX GRMN YUM WH
What You Pay           
P/E28.528.732.025.531.821.99.518.625.229.116.6
P/EBIT12.828.919.217.714.017.17.016.222.217.09.7
What You Get           
Rev Chg Q6.4%12.7%12.7%5.4%2.4%8.8%-15.9%3.4%11.7%9.6%-3.5%
Rev Chg LTM3.0%10.2%13.0%1.2%2.0%6.5%-4.2%2.0%16.6%11.3%3.4%
Rev Chg 3Y Avg16.1%16.3%17.8%3.4%4.9%5.8%4.6%14.5%12.2%5.9%-2.5%
FCF/Rev 3Y Avg9.3%40.5%35.6%27.2%23.8%22.6%21.0%19.8%20.5%19.0%19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Why CCL, NCLH May Be Better Than Tripadvisor StockActionable 
2Is 20.0% Fall In Tripadvisor (TRIP) Stock A Buying Opportunity?Actionable 
3Tripadvisor Stock Lost 9.8%, Buy Or Wait?Return 
4Tripadvisor vs UnitedHealth: Which Is A Better Investment?Counter-Intuitive Comparisons 
5Tripadvisor vs Norwegian Cruise Line: Which Is A Better Investment?Counter-Intuitive Comparisons 
6null  
7TRIP Dip Buy Analysis  
8Tripadvisor Total Shareholder Return (TSR): -31.4% in 2024 and -18.5% 3-yr compounded annual returns (below peer average)  
9Tripadvisor (TRIP) Operating Cash Flow ComparisonFinancials 
10Tripadvisor (TRIP) Net Income ComparisonFinancials 
11ARTICLES  
12TRIP Has Surged 30%, But Risks Loom Large October 29th, 2025
13CCL Looks Like a Smarter Buy Than Tripadvisor Stock: Lower Valuation, Stronger Growth October 9th, 2025
14Small Cap Stocks Trading At 52-Week High September 16th, 2025
15Better Bet Than Tripadvisor Stock: Pay Less To Get More From CCL September 5th, 2025
16Tripadvisor Stock Pops on Activist Interest, But Is It Worth Buying? July 3rd, 2025
Title
0DASHBOARDS
1TRIP Has Surged 30%, But Risks Loom Large
2CCL Looks Like a Smarter Buy Than Tripadvisor Stock: Lower Valuation, Stronger Growth
3Small Cap Stocks Trading At 52-Week High
4Better Bet Than Tripadvisor Stock: Pay Less To Get More From CCL
5Tripadvisor Stock Pops on Activist Interest, But Is It Worth Buying?
6ARTICLES
7Why CCL, NCLH May Be Better Than Tripadvisor Stock
8Is 20.0% Fall In Tripadvisor (TRIP) Stock A Buying Opportunity?
9Tripadvisor Stock Lost 9.8%, Buy Or Wait?
10Tripadvisor vs UnitedHealth: Which Is A Better Investment?
11Tripadvisor vs Norwegian Cruise Line: Which Is A Better Investment?
12null
13TRIP Dip Buy Analysis
14Tripadvisor Total Shareholder Return (TSR): -31.4% in 2024 and -18.5% 3-yr compounded annual returns (below peer average)
15Tripadvisor (TRIP) Operating Cash Flow Comparison
16Tripadvisor (TRIP) Net Income Comparison

Trade Ideas

Select past ideas related to TRIP. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
LRN_10312025_Dip_Buyer_ValueBuy10312025LRNStrideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		5.3%5.3%0.0%
DECK_10312025_Dip_Buyer_High_CFO_Margins_ExInd_DE10312025DECKDeckers OutdoorDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		-0.5%-0.5%-0.5%
ATGE_10312025_Quality_Momentum_RoomToRun_10%10312025ATGEAdtalem Global EducationQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		-2.5%-2.5%-2.5%
GNTX_10242025_Dip_Buyer_FCFYield10242025GNTXGentexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-1.5%-1.5%-1.5%
LNW_10172025_Dip_Buyer_FCFYield10172025LNWLight & WonderDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-3.3%-3.3%-6.2%
TRIP_3312020_Dip_Buyer_High_CFO_Margins_ExInd_DE03312020TRIPTripadvisorDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		12.6%209.3%-10.4%
TRIP_8312019_Dip_Buyer_FCFYield08312019TRIPTripadvisorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-30.6%-27.3%-57.2%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
LRN_10312025_Dip_Buyer_ValueBuy10312025LRNStrideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		5.3%5.3%0.0%
DECK_10312025_Dip_Buyer_High_CFO_Margins_ExInd_DE10312025DECKDeckers OutdoorDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		-0.5%-0.5%-0.5%
ATGE_10312025_Quality_Momentum_RoomToRun_10%10312025ATGEAdtalem Global EducationQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		-2.5%-2.5%-2.5%
GNTX_10242025_Dip_Buyer_FCFYield10242025GNTXGentexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-1.5%-1.5%-1.5%
LNW_10172025_Dip_Buyer_FCFYield10172025LNWLight & WonderDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-3.3%-3.3%-6.2%
TRIP_3312020_Dip_Buyer_High_CFO_Margins_ExInd_DE03312020TRIPTripadvisorDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		12.6%209.3%-10.4%
TRIP_8312019_Dip_Buyer_FCFYield08312019TRIPTripadvisorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-30.6%-27.3%-57.2%

Recent Active Movers

1 Week Top Gainers

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1 Week Top Losers

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1 Month Top Gainers

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1 Month Top Losers

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Recent Active Movers

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1 Week Top Losers

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More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Tripadvisor

Financials

TRIPGOOGLBKNGABNBEXPETZOOMedian
NameTripadvi.Alphabet Booking Airbnb Expedia Travelzoo 
Mkt Price14.81277.544,991.76122.35212.137.43167.24
Mkt Cap1.93,354.3161.775.226.80.151.0
Rev LTM1,870385,47726,03911,58014,0188812,799
Op Inc LTM143124,0778,9812,6051,703152,154
FCF LTM17173,5528,3154,3081,997183,152
FCF 3Y Avg16468,9988,2204,1832,108103,145
CFO LTM258151,4248,6404,3082,778183,543
CFO 3Y Avg234120,9908,5864,1982,890103,544

Growth & Margins

TRIPGOOGLBKNGABNBEXPETZOOMedian
NameTripadvi.Alphabet Booking Airbnb Expedia Travelzoo 
Rev Chg LTM3.0%13.4%13.0%10.2%5.7%3.5%8.0%
Rev Chg 3Y Avg16.1%11.0%17.8%16.3%9.6%10.4%13.6%
Rev Chg Q6.4%15.9%12.7%12.7%6.4%13.1%12.7%
QoQ Delta Rev Chg LTM1.7%3.8%4.1%3.1%1.7%3.3%3.2%
Op Mgn LTM7.6%32.2%34.5%22.5%12.1%16.8%19.7%
Op Mgn 3Y Avg6.9%29.9%31.4%19.7%11.6%17.5%18.6%
QoQ Delta Op Mgn LTM1.1%-0.5%1.6%0.3%0.1%-2.8%0.2%
CFO/Rev LTM13.8%39.3%33.2%37.2%19.8%20.2%26.7%
CFO/Rev 3Y Avg13.2%35.3%37.2%40.6%22.1%11.6%28.7%
FCF/Rev LTM9.1%19.1%31.9%37.2%14.2%20.1%19.6%
FCF/Rev 3Y Avg9.3%20.5%35.6%40.5%16.1%11.3%18.3%

Valuation

TRIPGOOGLBKNGABNBEXPETZOOMedian
NameTripadvi.Alphabet Booking Airbnb Expedia Travelzoo 
Mkt Cap1.93,354.3161.775.226.80.151.0
P/S1.08.76.26.51.90.94.1
P/EBIT12.822.019.228.916.25.617.7
P/E28.527.032.028.724.17.527.7
P/CFO7.222.218.717.59.74.713.6
Total Yield3.5%4.0%3.9%3.5%4.5%13.3%3.9%
Dividend Yield0.0%0.3%0.8%0.0%0.4%0.0%0.1%
FCF Yield 3Y Avg8.0%3.3%6.0%4.9%11.9%8.2%7.0%
D/E0.70.00.10.00.20.10.1
Net D/E0.0-0.00.0-0.1-0.0-0.0-0.0

Returns

TRIPGOOGLBKNGABNBEXPETZOOMedian
NameTripadvi.Alphabet Booking Airbnb Expedia Travelzoo 
1M Rtn-6.7%13.1%-7.9%1.8%-3.2%-25.4%-5.0%
3M Rtn-8.7%42.7%-8.4%-5.9%16.9%-24.7%-7.1%
6M Rtn16.1%70.4%-3.0%0.6%29.3%-46.7%8.3%
12M Rtn-9.4%64.7%5.3%-10.6%32.5%-57.6%-2.1%
3Y Rtn-37.6%222.8%170.2%27.3%130.5%46.3%88.4%
1M Excs Rtn-7.9%10.4%-8.4%1.2%-5.7%-26.1%-6.8%
3M Excs Rtn-16.9%34.9%-16.4%-13.0%8.1%-30.3%-14.7%
6M Excs Rtn-4.7%49.6%-23.7%-20.2%8.6%-67.5%-12.5%
12M Excs Rtn-26.4%44.2%-11.2%-27.9%17.9%-75.2%-18.8%
3Y Excs Rtn-110.5%116.6%97.0%-67.4%47.1%-27.0%10.0%

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/7/20255/7/20252/20/202511/6/20248/6/20245/8/20242/16/202411/6/20238/2/20235/3/20232/17/202311/7/2022
Key Financials Quarterly            
Total Revenue529398411532497395390533494371354459
Ebitda8713321007017679676171996
Operating Income59-5206936-14368244-14-1270
Net Income36-1113924-59322724-73-225
EPS0.29-0.080.010.280.17-0.430.230.200.17-0.52-0.020.18
Key Financials TTM            
Total Revenue TTM1,8701,8381,8351,8141,8151,8121,7881,7521,6781,6011,4921,379
Ebitda TTM232215219254250256256208208221208179
Operating Income TTM1431201111271401481481008810710185
Net Income TTM6553536242410-24-26-1920-7
Growth Rates Quarterly            
Total Revenue Growth6.4%0.8%5.4%-0.2%0.6%6.5%10.2%16.1%18.5%41.6%46.9%51.5%
EBITDA Growth24.3%-21.8%-52.2%4.2%-7.9%0.0%252.6%0.0%-14.6%325.0%290.0%123.3%
Operating Income Growth63.9%61.3%-44.4%-15.9%-18.2%2.1%400.0%17.1%-30.2%30.0%57.1%337.5%
Net Income Growth50.0%81.4%-96.9%44.4%0.0%19.2%1700.0%8.0%-22.6%-114.7%93.1%2400.0%
Margins Quarterly            
EBITDA Margin16.4%3.3%7.8%18.8%14.1%4.3%17.2%18.0%15.4%4.6%5.4%20.9%
Operating Income Margin11.2%-1.3%4.9%13.0%7.2%-3.5%9.2%15.4%8.9%-3.8%-3.4%15.3%
Net Income Margin6.8%-2.8%0.2%7.3%4.8%-14.9%8.2%5.1%4.9%-19.7%-0.6%5.4%
Cash & Debt            
Total Cash1,2121,1541,0641,1121,1761,1711,0671,1241,1411,1321,0211,066
Total Debt1,2621,268903909914917912917922925929933
Net Debt / (Cash)50114-161-203-262-254-155-207-219-207-92-133
Cash Flows Quarterly            
FCF from Operations202102-3-4351139-1914105135-4060
Cash Flows TTM            
FCF from Operations TTM258107144128185239235214260449400505
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases-0-0-0-0-0-025-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC53.8%-10.2%----------
Return on Invested Capital (ROIC) TTM            
ROIC TTM30.0%67.0%----------

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Brand Tripadvisor1,031966665  
Viator737493184  
TheFork15412685  
Corporate & Eliminations-134-93-32  
Experiences & Dining   186456
Hotels, Media & Platform   361939
Other   57165
Total1,7881,4929026041,560


Operating Income by Segment
$ Mil20242023202220212020
Brand Tripadvisor348345177  
Corporate & Eliminations000  
Viator0-11-31  
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   -795
Hotels, Media & Platform   13378
Impairment of goodwill   -3 
Other   1555
Total126101-131-329187


Price Behavior

TRIP Betas & Captures as of 10/31/2025

 1M2M3M6M1Y3Y
Beta1.391.932.291.751.621.46
Up Beta4.694.663.821.871.721.49
Down Beta1.210.911.231.881.761.55
Up Capture36%101%170%172%151%159%
Bmk +ve Days14273774145425
Stock +ve Days10192959123382
Down Capture74%246%273%166%127%109%
Bmk -ve Days9172853106327
Stock -ve Days13243564122362

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity24,880,727
Short Interest: % Change Since 93020251.9%
Average Daily Volume2,290,940
Days-to-Cover Short Interest10.86
Basic Shares Quantity125,000,000
Short % of Basic Shares19.9%

Returns Analyses

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025807202510-Q 6/30/2025
3312025507202510-Q 3/31/2025
12312024220202510-K 12/31/2024
93020241106202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024508202410-Q 3/31/2024
12312023216202410-K 12/31/2023
93020231106202310-Q 9/30/2023
6302023802202310-Q 6/30/2023
3312023503202310-Q 3/31/2023
12312022217202310-K 12/31/2022
93020221107202210-Q 9/30/2022
6302022804202210-Q 6/30/2022
3312022504202210-Q 3/31/2022
12312021218202210-K 12/31/2021
93020211108202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Ambeskovic AlmirCEO, TheFork8192025Sell16.972,02134,300313,201Form
1Ambeskovic AlmirCEO, TheFork5202025Sell15.261,64325,079472,131Form

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