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Mar 31, 2024
TripAdvisor Q1 2024 Earnings Report
Reported a mixed Q1 2024 with revenue growth offset by a net loss due to tax expenses, while focusing on diversification into experiences.
Key Takeaways
Tripadvisor reported a 6% increase in revenue to $395 million for Q1 2024. However, the company experienced a net loss of $59 million, or $0.43 per share, primarily due to a $42 million impact from an IRS audit settlement. Non-GAAP net income was $17 million, or $0.12 per share. The results reflect a focus on diversifying into higher growth experiences offerings.
Revenue increased by 6% year-over-year, reaching $395 million.
Net loss was $59 million, or $0.43 per share, impacted by a $42 million tax expense.
Non-GAAP net income was $17 million, or $0.12 per share.
Adjusted EBITDA was $47 million, representing 12% of revenue.
Revenue by Segment
Forward Guidance
Tripadvisor did not provide specific financial guidance for future periods in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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