QUOTE AND NEWS
SeekingAlpha  Sep 29  Comment 
By Time & Model: Reading the S-1 related to the spinoff of TripAdvisor, one is met with the following warning: "Because the historical combined financial information of Liberty...includes the results of the legacy TripCo business...it is not...
New York Times  Sep 22  Comment 
Hotel managers are relying more and more on reviews from websites like TripAdvisor for direction regarding renovations and upgrades of their facilities.
Euromoney  Sep 17  Comment 
TripAdvisor is one of the forefathers of tech innovators that changed the world of travel.
TechCrunch  Sep 17  Comment 
 JW Player, the company behind the video player of the same name, is announcing that it has raised $20 million in Series C funding. Even if you haven’t heard of the company, you’ve probably watched videos delivered through its player, as its...
SeekingAlpha  Sep 15  Comment 
By Investing Tricks: Online travel bookings have grown rapidly over the past few years as consumers increasingly shift their travel research and reservation activity online for better price transparency and convenience. TripAdvisor (NASDAQ:TRIP),...
SeekingAlpha  Sep 15  Comment 
By Options Calling: TripAdvisor (NASDAQ:TRIP) is the world's largest travel review company. The company was spun-off from Expedia (NASDAQ:EXPE) , the second largest online travel agency, or OTA, after Priceline (NASDAQ:PCLN), in 2011, and has...
Benzinga  Sep 5  Comment 
Several stocks in the Online Travel space are in focus Friday afternoon following some earlier analyst commentary on shares of both Priceline Group Inc (NASDAQ: PCLN) and TripAdvisor Inc (NASDAQ: TRIP). In a research note from Friday morning,...
TheStreet.com  Sep 5  Comment 
NEW YORK (TheStreet) -- TripAdvisor shares were upgraded to "equal weight" from "underweight" by analysts at Evercore Partners aon Friday while raising its price target to $110 from $85. The upgraded outlook stems from what the firm sees as...
Benzinga  Sep 5  Comment 
Analysts at Goldman Sachs upgraded CIENA (NYSE: CIEN) from Neutral to Buy. The target price for CIENA is set to $26. CIENA's shares closed at $18.51 yesterday. Analysts at Evercore Partners upgraded TripAdvisor (NASDAQ: TRIP) from Underweight...




 
TOP CONTRIBUTORS

TripAdvisor Inc. (NASDAQ:TRP) is a travel research company based on its website by the same name. The company provides recommendations to users on locations to visit as well as the accommodations, activities, restaurants, and other associated travel needs. The recommendations are based primarily on opinions and reviews written by users. The company makes money through "click-based" advertising on its site. TripAdvisor was spunoff from Expedia (EXPE) in December 2011.[1]


Business Overview

Because TripAdvisor was part of Expedia (EXPE) prior to its spinoff, the company's financial statements issued before 2012 were unaudited. For the full year 2010, the total revenue was $314M and for 2009 the revenue was $212M. The net income attributable to TripAdivsor was $139M in 2010 and $102M in 2009.[2]

New Updates

TripAdvisor spun off from Expedia (EXPE) and became an independent company on December 21, 2011.[3] In order to complete the spinoff, shareholders of Expedia stock were given 2 shares of Expedia and 1 share of TripAdvisor. As a result, Expedia experienced something equivalent of a stock split in the process of spinning off TripAdvisor. TripAdvisor was spunoff for approximately $4.1B.[4]

Trends & Forces

Transition into an Independent Company

TripAdvisor was acquired in 2004 and has been part of a larger company for 7 years. As a result, it may have difficulty establishing many core functions ranging from upper management to recruiting. These functions were at least partly duplicative when it was part of a larger organization. While its independence will allow it to focus on its core offerings as well as its new products, it will also no longer be able to rely on Expedia (EXPE) for financing as well as internal business services.[5]

  1. TRIP S-4/A 2011 SUMMARY "TRIPADVISOR" pp. 10-11
  2. TRIP S-4/A 2011 SUMMARY "TRIPADVISOR: SUMMARY SELECTED COMBINED FINANCIAL INFORMATION" pp. 17-18
  3. The Wall Street Journal "TripAdvisor, On Its Own After Expedia Spinoff, Is A $4.1B Co" 21 Dec 2011
  4. ABC News "Expedia Completes TripAdvisor Spinoff" 21 Dec 2011
  5. Seeking Alpha "TripAdvisor Spins Off From Expedia, Takes Flight As A Public Company" 21 Sept 2011
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