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Mar 31, 2021
TripAdvisor Q1 2021 Earnings Report
Reported a decline in revenue due to the impact of the COVID-19 pandemic, but showed improving trends as vaccination rates increased, particularly in the U.S. market. The company maintained cost discipline and fortified its balance sheet.
Key Takeaways
TripAdvisor's Q1 2021 results reflect the ongoing impact of the COVID-19 pandemic, with a 56% year-over-year revenue decline. However, the company saw improving trends in traffic and revenue as vaccination rates climbed, especially in the U.S. market. TripAdvisor focused on cost management and strengthening its balance sheet during the quarter.
Total revenue decreased by 56% year-over-year to $123 million.
GAAP net loss was $80 million, compared to a net loss of $16 million in the same period last year.
Non-GAAP EPS was $(0.39) compared to $0.07 in the prior year.
Cash and cash equivalents increased to $674 million.
TripAdvisor
TripAdvisor
TripAdvisor Revenue by Segment
Revenue by Segment
Branded Hotels Revenue
CapyFin.comMedia & Ads Revenue
CapyFin.comExperiences & Dining Revenue
CapyFin.comOther Brand TRIP Revenue
CapyFin.com Forward Guidance
Tripadvisor anticipates a potential inflection in leisure travel later in the year as the recovery broadens.
Positive Outlook
- Leisure travel is poised for a potential inflection later this year as the recovery broadens.
Revenue & Expenses
Visualization of income flow from segment revenue to net income