TripAdvisor, Inc. Goodwill & Intangibles Disclosure
NOTE 6: GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill
The following table summarizes our goodwill activity by reportable segment for the periods presented:
|
|
Brand Tripadvisor |
|
|
Viator |
|
|
TheFork (1) |
|
|
Experiences |
|
|
Hotels and Other |
|
|
TheFork (1) |
|
|
Total |
|
|||||||
|
|
(in millions) |
|
|||||||||||||||||||||||||
Balance as of December 31, 2023 |
|
$ |
601 |
|
|
$ |
120 |
|
|
$ |
108 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
829 |
|
Foreign currency translation adjustments |
|
|
— |
|
|
|
(3 |
) |
|
|
(12 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(15 |
) |
Balance as of December 31, 2024 |
|
$ |
601 |
|
|
$ |
117 |
|
|
$ |
96 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
814 |
|
Foreign currency translation adjustments |
|
|
3 |
|
|
|
3 |
|
|
|
24 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
30 |
|
Re-allocation to new segments (2) |
|
|
(604 |
) |
|
|
(120 |
) |
|
|
(120 |
) |
|
|
310 |
|
|
|
414 |
|
|
|
120 |
|
|
|
— |
|
Balance as of December 31, 2025 |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
310 |
|
|
$ |
414 |
|
|
$ |
120 |
|
|
$ |
844 |
|
in the fourth quarter of 2025 and “Note 2: Significant Accounting Policies” for information regarding the Company’s re-allocation of goodwill.
There were no goodwill impairment charges recognized on our consolidated statements of operations during the years ended December 31, 2025, 2024, or 2023. Refer to “Note 2: Significant Accounting Policies” for discussion regarding the Company’s 2025 goodwill impairment assessment. As of both December 31, 2025 and 2024, accumulated goodwill impairment losses totaled $3 million and was associated with the Hotels and Other segment.
Intangibles
Intangible assets, acquired in business combinations and recorded at fair value on the date of purchase, consisted of the following as of the dates presented:
|
|
December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
|
|
(in millions) |
|
|||||
Intangible assets with definite lives |
|
$ |
203 |
|
|
$ |
195 |
|
Less: accumulated amortization |
|
|
(200 |
) |
|
|
(189 |
) |
Intangible assets with definite lives, net |
|
$ |
3 |
|
|
$ |
6 |
|
Intangible assets with indefinite lives (1) |
|
|
30 |
|
|
|
30 |
|
Total |
|
$ |
33 |
|
|
$ |
36 |
|
Amortization expense for definite-lived intangible assets was $3 million, $6 million, and $9 million, for the years ended December 31, 2025, 2024 and 2023, respectively.
There were no impairment charges recognized to our consolidated statements of operations for the years ended December 31, 2025, 2024 and 2023 related to our intangible assets. Refer to “Note 2: Significant Accounting Policies” for discussion of the Company’s 2025 indefinite-lived intangible impairment assessment.
The following table presents the components of our intangible assets with definite lives as of the dates presented:
|
|
|
|
|
December 31, 2025 |
|
|
December 31, 2024 |
|
|||||||||||||||||||
|
|
Weighted Average |
|
|
Gross |
|
|
|
|
|
Net |
|
|
Gross |
|
|
|
|
|
Net |
|
|||||||
|
|
Remaining Life |
|
|
Carrying |
|
|
Accumulated |
|
|
Carrying |
|
|
Carrying |
|
|
Accumulated |
|
|
Carrying |
|
|||||||
|
|
(in years) |
|
|
Amount |
|
|
Amortization |
|
|
Amount |
|
|
Amount |
|
|
Amortization |
|
|
Amount |
|
|||||||
|
|
|
|
|
(in millions) |
|
|
(in millions) |
|
|||||||||||||||||||
Trade names and trademarks |
|
|
|
|
$ |
43 |
|
|
$ |
(43 |
) |
|
$ |
— |
|
|
$ |
44 |
|
|
$ |
(44 |
) |
|
$ |
— |
|
|
Customer lists and supplier relationships |
|
|
1.9 |
|
|
|
95 |
|
|
|
(92 |
) |
|
|
3 |
|
|
|
89 |
|
|
|
(84 |
) |
|
|
5 |
|
Subscriber relationships |
|
|
|
|
|
25 |
|
|
|
(25 |
) |
|
|
— |
|
|
|
22 |
|
|
|
(22 |
) |
|
|
— |
|
|
Technology and other |
|
|
|
|
|
40 |
|
|
|
(40 |
) |
|
|
— |
|
|
|
40 |
|
|
|
(39 |
) |
|
|
1 |
|
|
Total |
|
|
1.9 |
|
|
$ |
203 |
|
|
$ |
(200 |
) |
|
$ |
3 |
|
|
$ |
195 |
|
|
$ |
(189 |
) |
|
$ |
6 |
|
Our definite-lived intangible assets are being amortized on a straight-line basis. The straight-line method of amortization is currently our best estimate, or approximates to date, the distribution of the economic use of these intangible assets.
The estimated amortization expense for intangible assets with definite lives for each of the next five years, and the expense thereafter, assuming no subsequent impairment of the underlying assets or change in estimate of remaining lives, is expected to be as follows (in millions):
2026 |
|
$ |
2 |
|
2027 |
|
|
1 |
|
2028 |
|
|
— |
|
2029 |
|
|
— |
|
2030 |
|
|
— |
|
2031 and thereafter |
|
|
— |
|
Total |
|
$ |
3 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 13, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 19, 2020 | |
| 2018 | Feb 22, 2019 | |
| 2017 | Feb 21, 2018 | |
| 2016 | Feb 17, 2017 | |
| 2015 | Feb 18, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.