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TRIP

Tripadvisor, Inc.

TRIP

Tripadvisor, Inc. • NASDAQ
$14.87 ▲ 0.20% (+0.03)
Market Cap $1.74 B
52w High $20.16
52w Low $10.43
Dividend Yield 0%
P/E 24.78
Volume 614.35K
Outstanding Shares 116.91M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $553M ▲ $442M ▲ $53M ▲ 9.584% ▲ $0.46 ▲ $104M ▲
Q2-2025 $529M ▲ $428M ▲ $36M ▲ 6.805% ▲ $0.29 ▲ $87M ▲
Q1-2025 $398M ▼ $386M ▼ $-11M ▼ -2.764% ▼ $-0.078 ▼ $13M ▼
Q4-2024 $411M ▼ $388M ▼ $1M ▼ 0.243% ▼ $0.007 ▼ $32M ▼
Q3-2024 $532M $415M $39M 7.331% $0.28 $100M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.218B ▲ $2.845B ▼ $2.138B ▼ $707M ▲
Q2-2025 $1.212B ▲ $2.867B ▲ $2.24B ▲ $627M ▼
Q1-2025 $1.154B ▲ $2.756B ▲ $2.113B ▲ $643M ▼
Q4-2024 $1.064B ▼ $2.561B ▼ $1.618B ▼ $943M ▼
Q3-2024 $1.112B $2.733B $1.789B $944M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $53M ▲ $44M ▼ $-19M ▲ $-7M ▲ $6M ▼ $25M ▼
Q2-2025 $36M ▲ $202M ▲ $-27M ▼ $-127M ▼ $58M ▼ $177M ▲
Q1-2025 $-11M ▼ $102M ▲ $-19M ▲ $-3M ▲ $90M ▲ $83M ▲
Q4-2024 $1M ▼ $-3M ▲ $-22M ▼ $-8M ▲ $-48M ▲ $-26M ▼
Q3-2024 $39M $-43M $-20M $-12M $-64M $-12M

Revenue by Products

Product Q1-2023Q2-2023Q3-2023Q4-2023
Other Segments
Other Segments
 $10.00M ▲$10.00M ▲$20.00M ▲$10.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Tripadvisor’s revenue has climbed steadily from the pandemic lows and is now well above earlier years, showing that travel demand on the platform has come back. Profitability has also improved: operating results have moved from losses to modest profits over the last three years. However, net earnings remain very thin, which means the business is still sensitive to swings in demand, marketing costs, and competition. Overall, it looks like a company that has largely repaired its revenue base but has not yet turned that into strong, durable margins.

Balance Sheet

Balance Sheet The balance sheet appears relatively solid and stable. Cash on hand is sizable and roughly in line with the company’s debt, which limits financial strain and provides some flexibility for investment or downturns. Total assets and shareholder equity have inched up over time, rather than surging, which suggests a measured approach to growth rather than aggressive expansion. Leverage does not look excessive, but the company does not have a huge capital cushion either, so prudent financial management remains important.

Cash Flow

Cash Flow Cash generation has recovered meaningfully since the pandemic, with operating cash flow and free cash flow generally positive in recent years. That said, there is a noticeable step down from the strong cash performance seen a couple of years ago, indicating some pressure on underlying cash profitability. Investment needs in physical assets remain modest, so most cash outflow is tied to operating and growth spending rather than heavy capital projects. Overall, Tripadvisor is generating cash, but the pattern is uneven and not yet firmly in “high, stable” territory.

Competitive Edge

Competitive Edge Tripadvisor still benefits from a powerful base of user-generated reviews, strong brand recognition, and high visibility in search results, which together create a meaningful network effect. This foundation keeps the platform relevant and hard to fully replicate. At the same time, its traditional hotel metasearch business faces intense pressure from large online travel agencies and from big tech companies, which narrows its moat in that legacy segment. The strategic emphasis on experiences (through Viator) and dining (through TheFork) is an effort to lean into areas where Tripadvisor can differentiate more clearly and capture higher-value bookings, but these markets are also competitive and execution-dependent.

Innovation and R&D

Innovation and R&D The company has been actively leaning into innovation, especially around artificial intelligence and end-to-end trip planning. Its AI-powered planner, personalized recommendations, and tools for hotels (like Spotlight and Reputation Pro) are aimed at deepening engagement and moving users from browsing to booking. Investments in Viator and TheFork reflect a push into experiences and dining as key growth engines, with technology and product development focused on better discovery, seamless booking, and cross-selling across the Tripadvisor ecosystem. The opportunity is to turn its massive audience and data into smarter, more integrated travel experiences, but realizing this will require sustained product innovation and careful balancing of growth and profitability.

Summary

Tripadvisor today looks like a travel platform that has largely recovered from the pandemic shock in terms of revenue, but is still working to build stronger, more consistent profitability. The financial position is reasonably sound, with decent liquidity and manageable debt, supporting continued investment in new products and growth areas. Strategically, the company is in the middle of an important pivot: from a maturing hotel metasearch model under heavy competitive pressure toward higher-growth, higher-value segments in experiences and dining, supported by AI and richer tools. The long-term story will likely hinge on how effectively Tripadvisor can monetize its vast user base in these newer segments, sustain its content-driven advantages, and translate product innovation into durable margins without overextending its cost base.

NEWS

November 25, 2025 · 12:01 AM UTC

Tripadvisor Winter Travel Index Report Shows Travelers are Hitting the Road this Winter with 60% Planning Trips

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November 18, 2025 · 4:05 PM UTC

Tripadvisor Announces Participation at Upcoming Conference

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November 6, 2025 · 7:05 AM UTC

Tripadvisor, Inc. Earnings Press Release Available on Company's Investor Relations Site

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October 16, 2025 · 4:05 PM UTC

Tripadvisor to Host Third Quarter 2025 Financial Results Conference Call on November 6, 2025

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October 9, 2025 · 12:30 AM UTC

EXPEDIA GROUP B2B SUPERCHARGES PARTNER GROWTH WITH NEW AI-POWERED TRIP PLANNER AND MULTIPLE APIS

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