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Jun 30, 2023
TripAdvisor Q2 2023 Earnings Report
Reported healthy revenue growth, particularly in experiences offerings, and focused on product innovation and strategic priorities.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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