TripAdvisor Q2 2020 Earnings Report
Key Takeaways
TripAdvisor's Q2 2020 revenue was $59 million, a decrease of 86% year-over-year, reflecting the severe impact of the COVID-19 pandemic on the travel industry. The company experienced a net loss of $153 million, or $1.14 per share. However, the company took significant cost reduction measures and saw improving trends in consumer travel demand towards the end of the quarter.
Q2 revenue was $59 million, down 86% year-over-year, but modestly better than anticipated.
Monthly unique users on Tripadvisor sites were approximately 33%, 45%, and 60% of last year’s comparable period for April, May, and June, respectively.
The company incurred pre-tax restructuring and related reorganization costs of $33 million.
As of June 30, 2020, Tripadvisor had $698 million of cash and cash equivalents.
TripAdvisor
TripAdvisor
TripAdvisor Revenue by Segment
Forward Guidance
Near-term visibility remains low, and Travel’s recovery path will likely be uneven by geography and by sector.
Revenue & Expenses
Visualization of income flow from segment revenue to net income