TRIP

EX-99.1

2 trip-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Tripadvisor Reports Third Quarter 2026 Financial Results

NEEDHAM, MA, November 5, 2026 — Tripadvisor, Inc. (NASDAQ: TRIP) (the “Company”) today announced financial results for the third quarter ended September 30, 2026.

Financial Highlights for Continuing Operations

• Revenue for the third quarter was $436.4 million, a decline of 11% year-over-year.

• Net loss for the third quarter was $316.9 million, or $(2.70) diluted EPS, driven primarily by a non-cash goodwill impairment charge, as discussed further below.

• Non-GAAP net income for the third quarter was $43.4 million, or $0.37 diluted EPS.

• Adjusted EBITDA for the third quarter was $71.1 million, or 16.3% of revenue.

Third Quarter 2026 Financial Summary for Continuing Operations

Three months ended September 30,

(In millions, except percentages and per share amounts)

2026

2025

% Change

Total Revenue

$

436.4

$

490.8

(11

)%

Experiences

$

284.8

$

294.3

(3

)%

Hotels and Other

$

151.6

$

196.5

(23

)%

GAAP Net Income (Loss) from continuing operations

$

(316.9

)

$

48.5

n.m.

Total Adjusted EBITDA from continuing operations (1)

$

71.1

$

107.8

(34

)%

Experiences

$

38.2

$

52.4

(27

)%

Hotels and Other

$

32.9

$

55.4

(41

)%

Non-GAAP Net Income (Loss) from continuing operations (1)

$

43.4

$

71.2

(39

)%

Diluted Net Income (Loss) per Share from continuing operations:

GAAP

$

(2.70

)

$

0.39

n.m.

Non-GAAP (1)

$

0.37

$

0.58

(36

)%

Cash flow from operating activities from continuing operations

$

(122.0

)

$

32.9

n.m.

Free cash flow from continuing operations (1)

$

(131.2

)

$

19.0

n.m.

n.m. = not meaningful

(1) “Total Adjusted EBITDA from continuing operations,” “Non-GAAP Net Income (Loss) from continuing operations,” “Non-GAAP Diluted Net Income (Loss) per Share from continuing operations,” and “Free cash flow from continuing operations” are non-GAAP measures as defined by the U.S. Securities and Exchange Commission (the “SEC”). Please refer to “Non-GAAP Financial Measures” below for definitions and explanations of these non-GAAP financial measures, as well as tabular reconciliations to the most directly comparable GAAP financial measures.

Cost performance – Total costs and expenses from continuing operations were $773.1 million for the third quarter, an increase of 81% year-over-year, driven by a non-cash goodwill impairment charge of $369.5 million, as discussed below, and the following:

For the Three Months Ended September 30,

2026

2025

% Change

Cost of sales

$

37.3

$

36.2

3

%

Marketing

$

213.0

$

212.4

0

%

Personnel

$

94.0

$

123.8

(24

)%

Technology

$

22.9

$

21.9

5

%

General and administrative

$

16.6

$

14.4

15

%

Percentage of Total Revenue

Cost of sales

8.5

%

7.4

%

Marketing

48.8

%

43.3

%

Personnel

21.5

%

25.2

%

Technology

5.2

%

4.5

%

General and administrative

3.8

%

2.9

%

Cash & Liquidity – As of September 30, 2026, the Company had $706.8 million of cash and cash equivalents from continuing operations, a decrease of $271.2 million from December 31, 2025, driven by the repayment of the Company's 2026 Senior Notes on April 1, 2026 for $345.4 million. The cash and cash equivalents balance as of September 30, 2026 does not include any proceeds received in November 2026 from the sale of TheFork.

Segment Highlights

Experiences

• Revenue for the third quarter was $284.8 million, reflecting year-over-year decline of 3%.

• The number of experience bookings was approximately 6.8 million during the third quarter, an increase of approximately 2%, when compared to the same period in 2025. Experience bookings include a single tour, activity, or attraction that can be purchased through Viator's platform for one or several travelers, prior to adjustments such as date changes, refunds, or cancellations.

• Gross bookings value (“GBV”) reached approximately $1.3 billion during the third quarter, which was approximately flat when compared to the same period in 2025. GBV is reported at the time of booking and is gross of cancellations, whereas revenue is recorded at the time of the experience and is net of cancellations.

• Adjusted EBITDA for the third quarter was $38.2 million, or 13.4% of revenue, compared to adjusted EBITDA in the same period a year ago of $52.4 million, or 17.8% of revenue.

Hotels and Other

• Revenue for the third quarter was $151.6 million, reflecting a year-over-year decline of 23%.

o Hotels revenue for the third quarter was $109.7 million, reflecting a year-over-year decline of 23%.

o Media and advertising revenue for the third quarter was $27.7 million, reflecting a year-over-year decline of 23%.

o Other revenue for the third quarter was $14.2 million, reflecting a year-over-year decline of 18%.

• Adjusted EBITDA for the third quarter was $32.9 million, or 21.7% of revenue, compared to adjusted EBITDA in the same period a year ago of $55.

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.e618d017.1786388521.cf8c8b05

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.

EX-99.1

2 trip-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Tripadvisor Reports First Quarter 2026 Financial Results

NEEDHAM, MA, May 7, 2026 — Tripadvisor, Inc. (NASDAQ: TRIP) today announced financial results for the first quarter ended March 31, 2026.

Financial highlights

• Revenue for the first quarter was $382.4 million, a decline of 4% year-over-year.

• Net loss for the first quarter was $32.4 million, or $(0.28) diluted EPS.

• Non-GAAP net loss for the first quarter was $13.1 million, or $(0.11) diluted EPS.

• Adjusted EBITDA for the first quarter was $22.1 million, or 5.8% of revenue.

“We kicked off 2026 by delivering Q1 Group revenue in-line and adjusted EBITDA ahead of expectations, despite the dynamic changes in the macro environment between the start and end of the period,” said Chief Executive Officer Matt Goldberg. “In Experiences we started the quarter with accelerated growth, reflecting the strength of our combined offering and the underlying opportunity we see in the category as we continue to scale globally. We are dedicated to driving a durable leadership position in Experiences, simplifying our portfolio, and focusing on the best path for value recognition across our assets.”

“We are pleased with our first quarter results, which reflect the strategic shift of our priorities toward Experiences and the simplification of our legacy portfolio,” said Chief Financial Officer Mike Noonan. “Despite macro uncertainties, we remain committed to disciplined investments across marketing, product, and data to deliver a best-in-class traveler experience. These priorities reinforce our confidence in sustainable revenue and profit growth for both Experiences and the Group.”

First Quarter 2026 Summary

Three months ended March 31,

(In millions, except percentages and per share amounts)

2026

2025

% Change

Total Revenue

$

382.4

$

398.2

(4

)%

Experiences

$

167.9

$

155.8

8

%

Hotels and Other (1)

$

157.9

$

196.7

(20

)%

TheFork

$

57.3

$

46.4

23

%

Intersegment eliminations (1)

$

(0.7

)

$

(0.7

)

0

%

GAAP Net Income (Loss)

$

(32.4

)

$

(11.0

)

195

%

Total Adjusted EBITDA (2)

$

22.1

$

43.8

(50

)%

Experiences

$

(19.2

)

$

(14.1

)

36

%

Hotels and Other

$

36.7

$

61.4

(40

)%

TheFork

$

4.6

$

(3.5

)

n.m.

Non-GAAP Net Income (Loss) (2)

$

(13.1

)

$

20.9

n.m.

Diluted Earnings (Loss) per Share:

GAAP

$

(0.28

)

$

(0.08

)

250

%

Non-GAAP (2)

$

(0.11

)

$

0.14

n.m.

Cash flow from operating activities

$

117.8

$

101.7

16

%

Free cash flow (2)

$

101.3

$

82.7

22

%

n.m. = not meaningful

(1) Hotels and Other segment revenue figures shown in this table are gross of intersegment (intercompany) revenue, which is eliminated on a consolidated basis.

(2) “Total Adjusted EBITDA,” “Non-GAAP Net Income (Loss),” “Non-GAAP Diluted Earnings (Loss) per Share,” and “Free cash flow” are non-GAAP measures as defined by the U.S. Securities and Exchange Commission (the “SEC”). Please refer to “Non-GAAP Financial Measures” below for definitions and explanations of these non-GAAP financial measures, as well as tabular reconciliations to the most directly comparable GAAP financial measures.

1

Cost performance – Total costs and expenses were $407.6 million for the first quarter, a decrease of 1% year-over-year, primarily driven by the following:

Three months ended March 31,

2026

2025

% Change

Cost of sales

$

32.8

$

26.8

22

%

Marketing

$

177.6

$

171.6

3

%

Personnel

$

129.6

$

143.8

(10

)%

Technology

$

25.0

$

22.7

10

%

General and administrative

$

14.7

$

17.4

(16

)%

Percentage of Total Revenue

Cost of sales

8.6

%

6.7

%

Marketing

46.4

%

43.1

%

Personnel

33.9

%

36.1

%

Technology

6.5

%

5.7

%

General and administrative

3.8

%

4.4

%

Cash & Liquidity – As of March 31, 2026, the Company had approximately $1.1 billion of cash and cash equivalents, an increase of $85.5 million from December 31, 2025. Subsequently, on April 1, 2026, the Company used $345.4 million of its existing cash and cash equivalents to fully repay its 2026 Senior Notes due on April 1, 2026.

Segments Highlights:

Experiences

• Revenue for the first quarter was $167.9 million, reflecting year-over-year growth of 8%. Excluding the impact of currency exchange rate fluctuations, year-over-year growth was approximately 4%.

• The number of experience bookings was approximately 5.6 million during the first quarter, an increase of approximately 11%, when compared to the same period in 2025. Experience bookings include a single tour, activity, or attraction that can be purchased through Viator's platform for one or several travelers, prior to adjustments such as date changes, refunds, or cancellations.

• Gross bookings value (“GBV”) reached approximately $1.2 billion during the first quarter, reflecting year-over-year growth of approximately 13%. GBV is reported at the time of booking and is gross of cancellations,