Tripadvisor (TRIP)
Market Price (3/21/2026): $9.33 | Market Cap: $1.1 BilSector: Communication Services | Industry: Interactive Media & Services
Tripadvisor (TRIP)
Market Price (3/21/2026): $9.33Market Cap: $1.1 BilSector: Communication ServicesIndustry: Interactive Media & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% | Weak multi-year price returns2Y Excs Rtn is -93%, 3Y Excs Rtn is -117% | Weak revenue growthRev Chg QQuarterly Revenue Change % is 0.0% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -41% | Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 25% | |
| Attractive yieldFCF Yield is 15% | Key risksTRIP key risks include [1] declining revenue from its legacy hotel meta offering, Show more. | |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Online Marketplaces, and Travel & Leisure Tech. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -41% |
| Attractive yieldFCF Yield is 15% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Online Marketplaces, and Travel & Leisure Tech. |
| Weak multi-year price returns2Y Excs Rtn is -93%, 3Y Excs Rtn is -117% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is 0.0% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 25% |
| Key risksTRIP key risks include [1] declining revenue from its legacy hotel meta offering, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Tripadvisor reported a significant miss in its Fourth Quarter 2025 earnings and provided a weak outlook for Q1 2026. The company's non-GAAP earnings per share of $0.04 missed the Zacks Consensus Estimate of $0.09 by 73.33%. Revenue of $411 million was flat year-over-year and missed estimates by 0.56%. This flat performance was due to growth in marketplace businesses being entirely offset by intensifying declines in legacy hotel metasearch (down 14% year-over-year) and media advertising offerings (down 17% year-over-year). The company also posted an operating loss of $35 million and a 38% year-over-year decline in adjusted EBITDA to $45 million. For Q1 2026, net revenue is projected to be flat to down low single-digits, with the core Brand Tripadvisor segment expecting low double-digit revenue declines and a projected 1,000 basis points decline in adjusted EBITDA margins.
2. The company faced increased pressure from activist investor Starboard Value. On February 17, 2026, Starboard Value delivered a letter to Tripadvisor leadership, citing "prolonged underperformance" and urging decisive action to enhance shareholder value. Starboard called for a reconstituted board and proposed that Tripadvisor explore a sale in one or multiple transactions, announcing its intent to nominate a majority slate of directors for the 2026 annual meeting.
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Stock Movement Drivers
Fundamental Drivers
The -37.1% change in TRIP stock from 11/30/2025 to 3/20/2026 was primarily driven by a -49.4% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 3202026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.87 | 9.35 | -37.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,891 | 1,891 | 0.0% |
| Net Income Margin (%) | 4.2% | 2.1% | -49.4% |
| P/E Multiple | 21.8 | 27.8 | 27.4% |
| Shares Outstanding (Mil) | 116 | 119 | -2.5% |
| Cumulative Contribution | -37.1% |
Market Drivers
11/30/2025 to 3/20/2026| Return | Correlation | |
|---|---|---|
| TRIP | -37.1% | |
| Market (SPY) | -4.8% | 44.3% |
| Sector (XLC) | -2.7% | 51.7% |
Fundamental Drivers
The -46.3% change in TRIP stock from 8/31/2025 to 3/20/2026 was primarily driven by a -39.1% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3202026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.42 | 9.35 | -46.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,870 | 1,891 | 1.1% |
| Net Income Margin (%) | 3.5% | 2.1% | -39.1% |
| P/E Multiple | 33.5 | 27.8 | -17.0% |
| Shares Outstanding (Mil) | 125 | 119 | 5.0% |
| Cumulative Contribution | -46.3% |
Market Drivers
8/31/2025 to 3/20/2026| Return | Correlation | |
|---|---|---|
| TRIP | -46.3% | |
| Market (SPY) | 1.1% | 47.8% |
| Sector (XLC) | 1.1% | 55.9% |
Fundamental Drivers
The -36.8% change in TRIP stock from 2/28/2025 to 3/20/2026 was primarily driven by a -93.2% change in the company's P/E Multiple.| (LTM values as of) | 2282025 | 3202026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.80 | 9.35 | -36.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,835 | 1,891 | 3.1% |
| Net Income Margin (%) | 0.3% | 2.1% | 676.3% |
| P/E Multiple | 411.4 | 27.8 | -93.2% |
| Shares Outstanding (Mil) | 139 | 119 | 16.8% |
| Cumulative Contribution | -36.8% |
Market Drivers
2/28/2025 to 3/20/2026| Return | Correlation | |
|---|---|---|
| TRIP | -36.8% | |
| Market (SPY) | 10.4% | 58.8% |
| Sector (XLC) | 11.0% | 56.1% |
Fundamental Drivers
The -56.7% change in TRIP stock from 2/28/2023 to 3/20/2026 was primarily driven by a -81.6% change in the company's P/E Multiple.| (LTM values as of) | 2282023 | 3202026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.57 | 9.35 | -56.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,492 | 1,891 | 26.7% |
| Net Income Margin (%) | 1.3% | 2.1% | 57.8% |
| P/E Multiple | 151.0 | 27.8 | -81.6% |
| Shares Outstanding (Mil) | 140 | 119 | 17.6% |
| Cumulative Contribution | -56.7% |
Market Drivers
2/28/2023 to 3/20/2026| Return | Correlation | |
|---|---|---|
| TRIP | -56.7% | |
| Market (SPY) | 70.3% | 47.4% |
| Sector (XLC) | 116.0% | 41.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TRIP Return | -5% | -34% | 20% | -31% | -1% | -36% | -68% |
| Peers Return | 7% | -36% | 45% | 11% | 1% | -9% | 1% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -3% | 76% |
Monthly Win Rates [3] | |||||||
| TRIP Win Rate | 33% | 33% | 50% | 42% | 25% | 0% | |
| Peers Win Rate | 54% | 46% | 60% | 56% | 54% | 33% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| TRIP Max Drawdown | -16% | -37% | -21% | -40% | -28% | -37% | |
| Peers Max Drawdown | -18% | -46% | -13% | -27% | -31% | -29% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -3% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BKNG, EXPE, ABNB, SABR. See TRIP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/20/2026 (YTD)
How Low Can It Go
| Event | TRIP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -76.6% | -25.4% |
| % Gain to Breakeven | 327.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -54.2% | -33.9% |
| % Gain to Breakeven | 118.1% | 51.3% |
| Time to Breakeven | 295 days | 148 days |
| 2018 Correction | ||
| % Loss | -53.9% | -19.8% |
| % Gain to Breakeven | 117.0% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to BKNG, EXPE, ABNB, SABR
In The Past
Tripadvisor's stock fell -76.6% during the 2022 Inflation Shock from a high on 3/17/2021. A -76.6% loss requires a 327.1% gain to breakeven.
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About Tripadvisor (TRIP)
AI Analysis | Feedback
```html- Yelp for travel.
- Expedia meets Yelp for travel.
- The Google for travel research and reviews.
AI Analysis | Feedback
- TripAdvisor Website & App: Provides a comprehensive platform for user-generated reviews and opinions on hotels, restaurants, experiences, airlines, and cruises, facilitating travel planning and research.
- Experiences and Tours Booking: Enables travelers to discover and book a wide array of tours, activities, and attractions globally through brands like Viator and Bokun.
- Restaurant Reservations: Offers services for consumers to research, discover, and book tables at restaurants in various travel destinations through brands like TheFork.
- Vacation Rentals: Facilitates the discovery and booking of a diverse range of short-term rental properties, including homes, villas, and apartments, via brands like FlipKey and Holiday Lettings.
- Specialized Travel Media: Manages dedicated websites providing in-depth information, reviews, and planning tools for specific travel niches such as cruises (Cruise Critic) and airline seat layouts (SeatGuru).
- Business Solutions: Provides services for businesses, particularly restaurants, to manage their online listings and digital presence through platforms like SinglePlatform.
AI Analysis | Feedback
Tripadvisor primarily serves individual customers. Based on the services it provides, its major customer categories include:
- Leisure Travelers: Individuals and families planning and booking various aspects of their personal trips, including accommodations, flights, cruises, and experiences. They utilize the platform for reviews, price comparisons, and direct booking resources.
- Diners & Local Explorers: Individuals seeking restaurant recommendations, reviews, and reservations, whether they are traveling or looking for local dining options via platforms like TheFork.
- Vacation Rental Guests: Individuals looking for private short-term rental properties (like homes, apartments, and villas) as an alternative to hotels for their stays, utilizing brands such as FlipKey and HolidayLettings.
AI Analysis | Feedback
nullAI Analysis | Feedback
Matt Goldberg President & CEO, Tripadvisor Group
Matt Goldberg was appointed CEO in July 2022. He brings over 20 years of leadership experience across various sectors, including travel, digital media, e-commerce, and data, where he has driven innovation and expansion. Prior to joining Tripadvisor, Mr. Goldberg served as Executive Vice President, North America and Global Operations for The Trade Desk, a data-driven global media buying and advertising platform. His past roles also include Global Head of M&A and Strategic Alliances and Head of India for News Corp, Senior Vice President, Global Market Development and Head of Corporate Development for Qurate (formerly QVC), and CEO of Lonely Planet. He currently serves on the Board of Directors of Blue Ocean Acquisition Corp and is active in philanthropy. Mr. Goldberg holds an MBA from Stanford University.
Michael Noonan Chief Financial Officer, Tripadvisor Group
Michael Noonan became Chief Financial Officer of Tripadvisor effective October 31, 2022. He has over 30 years of experience in corporate finance and capital markets. Before joining Tripadvisor, he served as CFO of Noom, Inc., a digital health company, from October 2020. Prior to Noom, Mr. Noonan was Senior Vice President of Finance for Booking Holdings, Inc., where he was responsible for corporate finance activities including financial planning, capital budgeting, and investor relations. His career also includes capital markets roles at RBC Capital Markets, NYSE Euronext, J.P. Morgan, and Bear Stearns & Co. He holds an M.B.A. from Duke University.
Seth Kalvert Chief Legal Officer and Secretary, Tripadvisor Group
Seth Kalvert oversees all legal activities for Tripadvisor Group. He was appointed General Counsel in August 2011. Before this, Mr. Kalvert held various positions at Expedia, Inc., serving as Vice President, Associate General Counsel since February 2006, where he managed legal aspects of mergers and acquisitions, transactional work, and the global Expedia brand. He also provided legal support for various Expedia brands, including Tripadvisor and Hotwire. Earlier in his career, he held legal positions at IAC/InterActiveCorp and worked in business development for a privately-held online social networking and e-commerce company. Mr. Kalvert practiced law at Debevoise & Plimpton, LLP, and earned his J.D. from Columbia Law School.
Kristen Dalton President, Tripadvisor
Kristen Dalton serves as the President for the Tripadvisor Core business, where she is responsible for strategy development and the execution of operational plans. She previously held the role of Chief Operating Officer. Ms. Dalton also served as Vice President of Finance for the Tripadvisor Group and led the brand's B2C business segment as interim head, overseeing areas such as guidance, experiences, flights, vacation rentals, and direct-to-consumer revenue. She was also responsible for the strategic, financial, and operational planning for the entire Tripadvisor Group. Prior to joining Tripadvisor, Ms. Dalton was the Vice President of Finance & Strategy for another company.
Almir Ambeskovic CEO, TheFork
Almir Ambeskovic is the CEO of TheFork, a Tripadvisor brand focusing on restaurant reservations. Before his appointment as CEO, he was the Vice President of Sales and Marketing for TheFork, driving its growth, particularly in key markets like Italy and France. Mr. Ambeskovic joined TheFork in 2014 as Italy Country Manager following Tripadvisor's acquisition of RestOpolis, an online restaurant reservation startup that he founded and led in Milan since 2011. He began his career as a consultant and entrepreneur in the IT sector.
AI Analysis | Feedback
Tripadvisor (TRIP) faces several key risks to its business, primarily stemming from intense competition, the challenge of maintaining the authenticity of its user-generated content, and the evolving landscape of travel planning influenced by artificial intelligence.
1. Intense Competition and Threat from Large Tech Companies
Tripadvisor operates in a highly competitive online travel market, facing significant pressure from major Online Travel Agencies (OTAs) such as Booking Holdings and Expedia Group. These established players, along with new entrants, continuously vie for market share through innovation and marketing. A substantial threat also comes from tech giants like Google, which directly competes with its own travel products (e.g., Google Flights) and whose algorithm changes can significantly impact TripAdvisor's web traffic and, consequently, its revenues. TripAdvisor's core Brand Tripadvisor segment, particularly its hotel metasearch business, has experienced revenue declines due to this intense competition and the relatively low barriers to entry in the metasearch market.
2. Maintaining Trust and Authenticity of User-Generated Content (UGC)
A cornerstone of TripAdvisor's value proposition is its vast database of user-generated reviews and opinions, which numbered over 1 billion as of December 31, 2020. However, managing the authenticity and quality of this content is a significant ongoing challenge. The company consistently battles fraudulent reviews, including "review boosting" where businesses post positive reviews, and the increasing presence of AI-generated reviews. In 2024, TripAdvisor rejected or removed more than 2.7 million fraudulent reviews, an increase from previous years. A loss of credibility due to a perception of compromised or bogus reviews poses the biggest threat to the platform's integrity and user trust.
3. Impact of AI and Shifting Consumer Behavior in Travel Planning
The travel industry is being rapidly reshaped by advancements in artificial intelligence, which presents both opportunities and risks for TripAdvisor. While TripAdvisor is actively leveraging AI to enhance its offerings, such as its "Build a Trip with AI" tool, there is a substantial threat from new AI-powered tools and substitutes that could redefine how travelers plan trips. The increasing adoption of AI for personalized travel planning and enhanced search results by competitors, including mass-market agentic artificial intelligence search products, could lead to elevated marketing costs and a loss of revenue share for TripAdvisor's hotel metasearch business, potentially undermining its competitive advantage in this segment. Shifts in consumer behavior, such as increased reliance on social media or direct bookings, further challenge the relevance of traditional review platforms if they cannot adapt to these technological and behavioral changes.
AI Analysis | Feedback
One clear emerging threat for Tripadvisor is the rapid advancement and integration of Generative Artificial Intelligence (AI) and Large Language Models (LLMs) into mainstream search engines and personal assistant platforms.
Historically, Tripadvisor's core value proposition has been its extensive database of user-generated reviews, opinions, and aggregated travel information, making it a primary destination for travelers researching and planning trips. However, generative AI models can now synthesize vast amounts of data, including reviews, ratings, and travel guides, to provide personalized, curated recommendations and itineraries directly to users through conversational interfaces. This capability allows users to ask specific questions like "What are the best non-touristy things to do in Paris next week?" or "Find highly-rated vegetarian restaurants near the Eiffel Tower with immediate availability," and receive a concise, actionable answer often accompanied by direct booking links, effectively bypassing the need to navigate traditional review aggregation sites.
This shift represents a significant challenge to Tripadvisor's role as the primary discovery and planning platform. As AI becomes more sophisticated in understanding context and user preferences, it could disintermediate Tripadvisor by delivering personalized travel insights and booking options more efficiently, potentially reducing traffic and engagement on Tripadvisor's branded websites and apps. This is comparable to how Netflix offered a fundamentally different and more personalized content consumption model than traditional Blockbuster video rental stores.
AI Analysis | Feedback
Here are the addressable market sizes for Tripadvisor's main products and services:
- Hotels & Accommodations (Online Accommodation Booking): The global online accommodation booking market size was valued at USD 365.50 billion in 2025. This market is projected to grow to USD 683.92 billion by 2034. Another estimate indicates the global online accommodation booking market was valued at USD 340.92 billion in 2025, with a projection to reach USD 484.95 billion by 2031.
- Experiences (Tours, Activities & Attractions): The global travel experiences sector, which includes tours, activities, and attractions, reached US$271 billion in 2025 and is projected to rise to US$342 billion by 2029. Some analyses suggest the total global market for travel experiences could be over $3 trillion, with destination visitors accounting for approximately $1.1 trillion to $1.3 trillion. More specifically, paid, structured tourist activities are estimated to account for roughly $250 billion to $310 billion per year.
- Dining (Online Restaurant Reservations): The global online restaurant reservation system market size was valued at USD 443 million in 2025 and is projected to grow to USD 873 million by 2034. Another source estimates the global Online Restaurant Reservation System Market to be valued at approximately USD 2.68 billion in 2026, projected to reach USD 6.46 billion by 2035.
- Vacation/Short-term Rentals (Online Vacation Rental Platforms): The global vacation rental platforms market size was valued at USD 18.99 billion in 2025 and is projected to grow to USD 52.94 billion by 2034. Looking at the broader global vacation rentals market, it reached USD 174.84 billion in 2025 and is projected to reach USD 481.8 billion by 2034. The U.S. vacation rental market was estimated to be worth approximately $69 billion in 2021.
AI Analysis | Feedback
Tripadvisor (TRIP) is strategically pivoting its business focus, with several key initiatives expected to drive revenue growth over the next 2-3 years, primarily by emphasizing its high-growth marketplace segments and leveraging technological advancements.
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Accelerated Growth in the Experiences Segment (Viator): Tripadvisor is heavily investing in and prioritizing its experiences booking platform, Viator, which is consistently identified as the company's primary growth engine. This segment achieved a 10% revenue growth in 2025 and is projected to deliver low-to-mid teens revenue growth and mid-to-high teens booking volume growth in the coming years. Management expects Experiences to contribute more than 50% of the company's total revenue by 2026, driven by an increased focus on demand generation, product experience improvements to boost conversion, and an expansion of the supply base to attract new customers.
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Expansion of TheFork Restaurant Reservation Service: TheFork, Tripadvisor's restaurant booking service, is another significant driver of future revenue. It recorded 22% revenue growth in 2025 and is anticipated to maintain low to mid-teens revenue growth in 2026. This growth is fueled by strong business-to-consumer (B2C) bookings and increased adoption of premium business-to-business (B2B) subscription plans. The company is also exploring strategic opportunities for TheFork, including potential global expansion into new markets.
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Leveraging AI for Enhanced User Experience and Marketplaces: Tripadvisor is focusing on an "AI-enabled future" by deploying its unique content, data, and brand trust to power its marketplaces. This strategy aims to position Tripadvisor at the forefront of the emerging AI ecosystem, transforming the traveler experience through more personalized and holistic planning and booking processes. Enhanced AI capabilities are expected to drive higher user engagement and conversion rates across its platforms, thereby stimulating revenue growth.
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International and Geographic Market Expansion: A key part of Tripadvisor's strategy involves accelerating the global expansion of Viator and exploring the introduction of TheFork into new international markets. This geographic penetration and increased market share in high-growth segments like experiences and dining are expected to directly contribute to higher revenue generation.
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Operational Efficiencies and Cost Savings to Fund Growth: While not a direct revenue driver, Tripadvisor's plan to achieve at least $85 million in annualized gross cost savings by 2027 through operational efficiencies, headcount reductions, and portfolio simplification is critical. These cost savings will improve operating margins and free up capital to be reinvested into the high-growth Experiences and TheFork segments, indirectly fueling their expansion and overall revenue growth.
AI Analysis | Feedback
Share Repurchases
- Tripadvisor repurchased 6.1 million shares totaling approximately $90 million at an average price of $14.72 per share during the full year 2025.
- In Q4 2025, the company repurchased 3.3 million shares for $50 million at an average cost of $15.14 per share.
- As of February 2026, approximately $110 million remained in the company's share repurchase authorization.
- In a deal valued at $435 million, expected to close in Q2 2025, Tripadvisor planned to effectively repurchase approximately 27 million shares of its common stock from Liberty TripAdvisor Holdings, which has held a controlling interest since 2012.
Inbound Investments
- Starboard Value and its affiliates reported a beneficial ownership of 10,774,996 Tripadvisor common shares, representing a 9.4% stake, as of February 6, 2026.
- Headwater Capital Co Ltd purchased a new position of 920,000 shares of Tripadvisor in Q3 2025, valued at approximately $14.96 million.
Capital Expenditures
- For the full year 2025, Tripadvisor's capital expenditures were -$82 million (an outflow), with free cash flow reported at $163 million.
- The company is focusing its investment on its Experiences segment and AI technology to drive future growth and efficiency.
- Tripadvisor expects to incur approximately $4 million in additional pre-tax restructuring costs, primarily in Q1 2026, related to severance and benefits as part of a strategic realignment.
Latest Trefis Analyses
Trade Ideas
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02132026 | YELP | Yelp | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 6.2% | 6.2% | -5.7% |
| 02132026 | TRIP | Tripadvisor | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 5.2% | 5.2% | 0.0% |
| 02062026 | OMC | Omnicom | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 22.1% | 22.1% | -3.7% |
| 02062026 | MGNI | Magnite | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 20.6% | 20.6% | -0.8% |
| 01302026 | RBLX | Roblox | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 4.4% | 4.4% | -7.9% |
| 03312020 | TRIP | Tripadvisor | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 12.6% | 209.3% | -10.4% |
| 08312019 | TRIP | Tripadvisor | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -30.6% | -27.3% | -57.2% |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 128.52 |
| Mkt Cap | 28.9 |
| Rev LTM | 12,241 |
| Op Inc LTM | 2,163 |
| FCF LTM | 3,110 |
| FCF 3Y Avg | 2,428 |
| CFO LTM | 3,880 |
| CFO 3Y Avg | 3,218 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.6% |
| Rev Chg 3Y Avg | 8.5% |
| Rev Chg Q | 11.4% |
| QoQ Delta Rev Chg LTM | 2.5% |
| Op Mgn LTM | 14.7% |
| Op Mgn 3Y Avg | 12.9% |
| QoQ Delta Op Mgn LTM | -1.0% |
| CFO/Rev LTM | 26.3% |
| CFO/Rev 3Y Avg | 23.3% |
| FCF/Rev LTM | 21.1% |
| FCF/Rev 3Y Avg | 17.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 28.9 |
| P/S | 2.0 |
| P/EBIT | 15.3 |
| P/E | 25.7 |
| P/CFO | 7.4 |
| Total Yield | 4.8% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 5.3% |
| D/E | 0.2 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 3.4% |
| 3M Rtn | -18.5% |
| 6M Rtn | -20.2% |
| 12M Rtn | -5.1% |
| 3Y Rtn | 3.9% |
| 1M Excs Rtn | 13.3% |
| 3M Excs Rtn | -13.5% |
| 6M Excs Rtn | -18.3% |
| 12M Excs Rtn | -19.8% |
| 3Y Excs Rtn | -54.0% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Brand Tripadvisor | 1,031 | 966 | 665 | ||
| Viator | 737 | 493 | 184 | ||
| TheFork | 154 | 126 | 85 | ||
| Corporate & Eliminations | -134 | -93 | -32 | ||
| Experiences & Dining | 186 | 456 | |||
| Hotels, Media & Platform | 361 | 939 | |||
| Other | 57 | 165 | |||
| Total | 1,788 | 1,492 | 902 | 604 | 1,560 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Brand Tripadvisor | 348 | 345 | 177 | ||
| Corporate & Eliminations | 0 | 0 | |||
| Viator | 0 | -11 | -31 | ||
| Transaction related expenses | -3 | -8 | |||
| TheFork | -14 | -39 | -46 | ||
| Restructuring and other related reorganization costs | -22 | -41 | -1 | ||
| Depreciation and amortization | -87 | -97 | -111 | -125 | -126 |
| Stock-based compensation | -96 | -88 | -120 | -109 | -124 |
| Legal reserves, settlements and other | -1 | ||||
| Experiences & Dining | -79 | 5 | |||
| Hotels, Media & Platform | 13 | 378 | |||
| Impairment of goodwill | -3 | ||||
| Other | 15 | 55 | |||
| Total | 126 | 101 | -131 | -329 | 187 |
Price Behavior
| Market Price | $9.35 | |
| Market Cap ($ Bil) | 1.1 | |
| First Trading Date | 12/07/2011 | |
| Distance from 52W High | -51.1% | |
| 50 Days | 200 Days | |
| DMA Price | $11.62 | $14.85 |
| DMA Trend | down | down |
| Distance from DMA | -19.6% | -37.0% |
| 3M | 1YR | |
| Volatility | 56.0% | 57.7% |
| Downside Capture | 287.29 | 238.07 |
| Upside Capture | 123.04 | 152.20 |
| Correlation (SPY) | 47.7% | 59.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.30 | 2.57 | 2.30 | 2.26 | 1.77 | 1.58 |
| Up Beta | 1.26 | 1.85 | 1.77 | 2.49 | 1.71 | 1.56 |
| Down Beta | 7.41 | 3.92 | 3.57 | 2.69 | 1.91 | 1.74 |
| Up Capture | 119% | 85% | 60% | 101% | 171% | 160% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 11 | 20 | 28 | 57 | 120 | 370 |
| Down Capture | 393% | 310% | 272% | 226% | 146% | 111% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 9 | 20 | 32 | 64 | 125 | 371 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRIP | |
|---|---|---|---|---|
| TRIP | -45.0% | 55.8% | -0.87 | - |
| Sector ETF (XLC) | 16.7% | 18.2% | 0.71 | 60.4% |
| Equity (SPY) | 15.8% | 18.9% | 0.64 | 62.2% |
| Gold (GLD) | 48.2% | 27.0% | 1.45 | 1.1% |
| Commodities (DBC) | 17.8% | 17.4% | 0.83 | 18.6% |
| Real Estate (VNQ) | 1.0% | 16.4% | -0.11 | 45.8% |
| Bitcoin (BTCUSD) | -19.0% | 44.2% | -0.35 | 24.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRIP | |
|---|---|---|---|---|
| TRIP | -33.1% | 51.4% | -0.59 | - |
| Sector ETF (XLC) | 9.3% | 20.7% | 0.37 | 44.7% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 47.6% |
| Gold (GLD) | 20.7% | 17.5% | 0.97 | 0.5% |
| Commodities (DBC) | 10.9% | 19.0% | 0.46 | 11.9% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.06 | 34.0% |
| Bitcoin (BTCUSD) | 4.7% | 56.7% | 0.30 | 22.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRIP | |
|---|---|---|---|---|
| TRIP | -17.6% | 51.8% | -0.17 | - |
| Sector ETF (XLC) | 9.2% | 22.4% | 0.49 | 44.2% |
| Equity (SPY) | 14.2% | 17.9% | 0.68 | 45.2% |
| Gold (GLD) | 13.3% | 15.7% | 0.70 | -2.2% |
| Commodities (DBC) | 8.3% | 17.6% | 0.39 | 17.9% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.21 | 34.9% |
| Bitcoin (BTCUSD) | 66.9% | 66.8% | 1.06 | 12.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/12/2026 | -15.1% | -13.1% | -24.0% |
| 11/6/2025 | -0.1% | 2.7% | -2.9% |
| 8/7/2025 | 11.7% | 12.1% | 8.0% |
| 5/7/2025 | 12.5% | 22.8% | 10.8% |
| 2/20/2025 | -6.8% | -15.8% | -15.4% |
| 11/6/2024 | -11.2% | -17.3% | -17.7% |
| 8/6/2024 | -16.6% | -15.3% | -14.6% |
| 5/8/2024 | -28.7% | -24.5% | -27.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 9 | 10 |
| # Negative | 16 | 15 | 14 |
| Median Positive | 10.1% | 12.1% | 10.2% |
| Median Negative | -7.7% | -9.7% | -15.0% |
| Max Positive | 18.9% | 29.9% | 56.1% |
| Max Negative | -28.7% | -24.5% | -27.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/13/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 11/06/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dalton, Kristen Ann | President, Brand Tripadvisor | Direct | Sell | 12122025 | 14.98 | 18,000 | 269,640 | 1,260,732 | Form |
| 2 | Ambeskovic, Almir | CEO, TheFork | Direct | Sell | 11182025 | 14.71 | 2,094 | 30,805 | 307,519 | Form |
| 3 | Kalvert, Seth J | Chief Legal Officer & Sec. | Direct | Sell | 9222025 | 20.04 | 10,880 | 218,005 | 2,743,373 | Form |
| 4 | Ambeskovic, Almir | CEO, TheFork | Direct | Sell | 8192025 | 16.97 | 2,021 | 34,300 | 313,201 | Form |
| 5 | Ambeskovic, Almir | CEO, TheFork | Direct | Sell | 5202025 | 15.33 | 16,643 | 255,065 | 244,153 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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