QUOTE AND NEWS
TheStreet.com  Jul 24  Comment 
NEW YORK (TheStreet) -- Shares of TripAdvisor were falling 10.4% to $82.96 Friday after the online travel service missed analysts' estimates for earnings and revenue in the second quarter. TripAdvisor reported earnings of 54 cents a share for...
guardian.co.uk  Jul 24  Comment 
Food entrepreneur Andre Blais picks his restaurant locations carefully as he believes having one on every high street can cheapen a brand Going into business, you’re bound to make mistakes. When I started Bodean’s something I couldn’t...
Motley Fool  Jul 23  Comment 
The travel website company once again fell prey to a strong dollar as investors wanted to see faster growth in revenue.
Wall Street Journal  Jul 23  Comment 
TripAdvisor Inc. on Thursday reported weaker-than-expected revenue growth and a 15% drop in profit for its second quarter as expenses soared.
TheStreet.com  Jul 23  Comment 
NEW YORK (TheStreet) -- TripAdvisor shares are down by 8.43% to $85.50 in after-hours trading on Thursday, following the release of the company's second quarter earnings results this afternoon.The Newton, MA-based online travel booking...
MarketWatch  Jul 23  Comment 
TripAdvisor Inc.'s stock slumped 4.7% in after-hours trade Thursday, after the travel booking site missed second-quarter profit and sales expectations. Net earnings fell to $58 million, or 40 cents a share, from $68 million, or 47 cents a share,...




 
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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