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Dec 31, 2020
TripAdvisor Q4 2020 Earnings Report
TripAdvisor's Q4 2020 financial results were announced, revealing a challenging quarter due to the pandemic's impact on the travel industry, but the company expressed optimism for 2021, citing vaccine developments and growing pent-up travel demand.
Key Takeaways
TripAdvisor's Q4 2020 revenue was $116 million, a 65% decrease compared to Q4 2019. The company reported a net loss of $73 million, and non-GAAP EPS was $(0.41). Despite the challenges, TripAdvisor is optimistic about 2021, focusing on building direct customer relationships and prudent cost management.
Total revenue decreased by 65% compared to the same period in 2019, amounting to $116 million.
The company experienced a net loss of $73 million.
Non-GAAP net loss was $55 million, with a non-GAAP EPS of $(0.41).
Cash and cash equivalents stood at $418 million as of December 31, 2020.
TripAdvisor
TripAdvisor
TripAdvisor Revenue by Segment
Revenue by Segment
Branded Hotels Revenue
CapyFin.comMedia & Ads Revenue
CapyFin.comExperiences & Dining Revenue
CapyFin.comOther Brand TRIP Revenue
CapyFin.com Forward Guidance
Tripadvisor anticipates improvements in the travel industry due to vaccine developments and growing travel demand.
Positive Outlook
- Vaccine developments since November are encouraging.
- Signals indicate that pent-up travel demand continues to grow.
- The travel industry is set up for a potential inflection later in the year.
- Focus on building direct, durable customer relationships.
- Prudent cost discipline, balancing persistent savings with targeted investments in exciting long-term strategic growth initiatives.
Challenges Ahead
- The travel industry's recovery progress has slowed as the virus resurged, particularly in Europe.
- Revenue performance was uneven on a monthly basis.
- Typical revenue seasonality, as well as the travel industry’s uneven recovery impacting consumer travel demand, materially increased our net loss in Q4 2020 versus Q3 2020.
- Majority of the sequential expense increase in Q4 versus Q3 was due to an increase in our full year compensation expense.
- The global pandemic materially affected consumer travel demand for the majority of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income