TripAdvisor Q2 2023 Earnings Report
Key Takeaways
Tripadvisor, Inc. announced financial results for Q2 2023, with revenue of $494 million, an 18% year-over-year increase. Net income was $24 million, or $0.17 diluted EPS, while non-GAAP net income reached $49 million, or $0.34 diluted EPS.
Revenue of $494 million, reflecting year over year growth of 18%.
Net income of $24 million, or $0.17 diluted EPS.
Non-GAAP net income of $49 million, or $0.34 diluted EPS.
Adjusted EBITDA of $90 million, or 18% of revenue.
TripAdvisor
TripAdvisor
TripAdvisor Revenue by Segment
Forward Guidance
The company has initiated a series of actions to reduce costs, most notably headcount within the Tripadvisor Core segment, including corporate G&A, and which are expected to result in an estimated $35 million in annualized cost savings. Due to the timing of these actions, which are expected to be completed by year-end 2023, in-year savings is expected to be modest.
Revenue & Expenses
Visualization of income flow from segment revenue to net income