TripAdvisor, Inc.

Listed Company

TRIPCIK 0001526520NasdaqLarge AcceleratedServices-Computer Programming, Data Processing, Etc.DelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.89B

Net Income

$40.00M

Total Assets

$2.63B

Equity

$645.00M

Shares Out

114.76M

Op. Cash Flow

$245.00M

Business

Tripadvisor, Inc. operates a family of travel and dining brands that connect people to experiences worth sharing by providing travel guidance, content, and two-sided marketplaces. It offers rich user-generated content and reviews, a hotel metasearch with click- and display-based advertising, bookable tours and activities through Viator, and restaurant discovery and reservation services plus reservation management tools through TheFork, along with B2B advertising and subscription offerings. The company’s key business segments are Brand Tripadvisor, Viator, and TheFork, each focused on guidance, experiences, and restaurant bookings respectively. It serves a large global audience across websites and mobile apps, distributes inventory via its own platforms and third-party partners (including OTAs, airlines, hotels, and advertising partners), and operates Viator experiences in over 200 countries and TheFork across multiple European countries.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue (Note 2, Note 18)	1,891	1,835	1,788	1,492	902
Cost of sales (exclusive of depreciation and amortization as shown separately below)	145	131	119	78	74
Marketing	791	729	705	576	—
Personnel (including stock-based compensation of $108, $120, and $96 - Note 13)	573	595	570	503	—
Technology	99	91	80	63	212
General and administrative	68	91	79	74	167
Depreciation and amortization	92	85	87	97	111
Restructuring and other related reorganization costs (Note 7)	43	21	22	0	0
Total costs and expenses	1,811	1,743	1,662	1,391	1,033
Operating income (loss)	80	92	126	101	−131
Interest expense	−63	−46	−44	−44	—
Interest income	40	48	47	15	1
Other income (expense), net (Note 16)	−12	−7	−4	−5	−10
Total other income (expense), net	−35	−5	−1	−34	−54
Income (loss) before income taxes	45	87	125	67	−185
(Provision) benefit for income taxes (Note 10)	−5	−82	−115	−47	37
Net income (loss)	40	5	10	20	−148
Basic (per share)	0.32	0.04	0.07	0.14	−1.08
Diluted (per share)	0.31	0.04	0.08	0.14	−1.08
Basic	40	5	10	20	−148
Diluted	41	6	11	21	−148
Basic (shares)	125	139	139	140	137
Diluted (shares)	131	145	145	146	137

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents (Note 3)	1,000	1,100	1,100	1,000	723
Accounts receivable, net (allowance for expected credit losses of $27 and $25, respectively) (Note 2, Note 3)	209	207	192	205	—
Prepaid expenses and other current assets	47	49	38	44	26
Total current assets	1,291	1,320	1,297	1,270	940
Property and equipment, net (Note 4, Note 5)	210	200	191	194	215
Operating lease right-of-use assets (Note 5)	35	17	15	27	42
Intangible assets, net (Note 6)	33	36	43	51	65
Goodwill (Note 6)	844	814	829	822	843
Non-marketable investments (Note 3)	28	30	32	34	36
Deferred income taxes, net (Note 10)	137	101	86	78	54
Other long-term assets, net of allowance for credit losses of $10 and $10, respectively (Note 3)	47	43	44	93	94
TOTAL ASSETS	2,625	2,561	2,537	2,569	2,289
Accounts payable	23	49	28	39	27
Deferred merchant payables (Note 2)	308	255	237	203	113
Deferred revenue (Note 2)	53	47	49	44	36
Current portion of debt (Note 8)	353	5	0	—	—
Income taxes payable (Note 10)	12	23	6	—	—
Accrued expenses and other current liabilities (Note 7)	249	249	252	247	181
Total current liabilities	998	628	572	533	357
Long-term debt (Note 8)	819	831	839	836	833
Finance lease obligation, net of current portion (Note 5)	36	43	51	58	65
Operating lease liabilities, net of current portion (Note 5)	29	11	6	15	29
Deferred income taxes, net (Note 10)	1	1	1	1	1
Other long-term liabilities (Note 9)	97	104	197	265	215
Total Liabilities	1,980	1,618	1,666	1,708	1,500
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred stock,$0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0, respectively	0	0	0	0	0
Common stock	0	0	0	0	0
Additional paid-in capital	460	1,605	1,493	1,404	1,326
Retained earnings	316	276	271	261	241
Accumulated other comprehensive income (loss)	−41	−91	−71	−82	−56
Treasury stock-common stock, at cost, 6,105,262 and 26,260,252 shares, respectively	−90	−847	−822	−722	−722
Total Stockholders Equity	645	943	871	861	789
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	2,625	2,561	2,537	2,569	2,289

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income (loss)	40	5	10	20	−148
Stock-based compensation expense (Note 13)	108	120	96	88	120
Deferred income tax expense (benefit) (Note 10)	−2	−14	−25	−19	−44
Provision for expected credit losses (Note 2)	8	8	6	6	3
Other, net	18	9	9	7	19
Accounts receivable, prepaid expenses and other assets	−8	−24	6	−87	−73
Accounts payable, accrued expenses and other liabilities	−46	13	11	72	30
Deferred merchant payables	52	19	32	99	81
Income tax receivables/payables, net	−23	−75	−1	107	1
Deferred revenue	6	−2	4	10	8
Net cash provided by (used in) operating activities	245	144	235	400	108
Capital expenditures, including capitalized website development	−82	−74	−63	−56	−54
Other investing activities, net	−2	1	0	4	0
Net cash provided by (used in) investing activities	−84	−73	−63	−52	−54
Proceeds from the issuance of Term Loan B Facility, net of financing costs (Note 8)	341	493	0	0	—
Payment of 2025 Senior Notes (Note 8)	0	−500	0	0	—
Payment of financing costs related to Credit Facility (Note 8)	0	−1	−3	0	—
Principal payments on Term Loan B Facility (Note 8)	−9	−1	0	0	—
Repurchase of common stock related to Merger, including transaction costs (Note 1)	−411	0	0	—	—
Repurchase of common stock under the share repurchase program (Note 14)	−90	−25	−100	0	0
Payment of withholding taxes on net share settlements of equity awards	−20	−21	−17	−20	−44
Payments of finance lease obligation and other financing activities, net (Note 5)	−8	−8	−7	−7	−6
Net cash provided by (used in) financing activities	−197	−63	−127	−27	263
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	7	−11	1	−23	−12
Net increase (decrease) in cash, cash equivalents, and restricted cash	−29	−3	46	298	305
Cash paid (received) during the period for income taxes, net of refunds (Note 10)	29	170	140	−40	5
Cash paid during the period for interest	59	58	39	40	43
Issuance of common stock related to Merger (Note 1)	39	0	0	—	—
Net operating loss carryforwards retained related to Merger (Note 1)	13	0	0	—	—
Stock-based compensation capitalized website development costs (Note 13)	12	13	10	10	13

Filings

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