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TripAdvisor
🇺🇸 NASDAQ:TRIP
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OverviewEarningsDividends
•
Sep 30, 2023

TripAdvisor Q3 2023 Earnings Report

Reported healthy growth driven by capitalizing on leadership in experiences category and delivering results that exceeded expectations financially while continuing to execute more efficiently and effectively in pursuit of strategic goals.

Key Takeaways

Tripadvisor, Inc. announced financial results for the third quarter ended September 30, 2023, with revenue of $533 million, reflecting a 16% year-over-year growth. Net income was reported at $27 million, or $0.19 diluted EPS, and non-GAAP net income was $74 million, or $0.52 diluted EPS. Adjusted EBITDA stood at $127 million, representing 24% of revenue.

Revenue of $533 million, reflecting year over year growth of 16%.

Net income of $27 million, or $0.19 diluted EPS.

Non-GAAP net income of $74 million, or $0.52 diluted EPS.

Adjusted EBITDA of $127 million, or 24% of revenue.

Total Revenue
$533M
Previous year: $459M
+16.1%
EPS
$0.52
Previous year: $0.28
+85.7%
Gross Profit
$469M
Previous year: $459M
+2.2%
Cash and Equivalents
$1.12B
Previous year: $1.07B
+5.4%
Free Cash Flow
-$2M
Previous year: $46M
-104.3%
Total Assets
$2.64B
Previous year: $2.57B
+2.8%

TripAdvisor

TripAdvisor

TripAdvisor Revenue by Segment

Forward Guidance

In Q4 2023, the Company expects to recognize additional pre-tax restructuring and other related reorganization costs of an estimated $3 million to $4 million.

Positive Outlook

  • Actions taken in Tripadvisor Core are expected to result in $35 million annualized cost savings.
  • Actions at TheFork to drive approximately $10 million in annualized savings.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View TripAdvisor