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Jun 30, 2020
TripAdvisor Q2 2020 Earnings Report
TripAdvisor's Q2 2020 financial performance was significantly impacted by the COVID-19 pandemic, with revenue and user traffic declining sharply, but the company took swift action to preserve cash and is seeing gradual improvements in travel demand.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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