StreetInsider.com  Jul 25  Comment 
* TripAdvisor (Nasdaq: TRIP) announced it has entered into an agreement to acquire Viator, a leading resource for researching and booking destination activities around the world. Viator features more than 20,000 bookable tours and attractions and...
Forbes  Jul 25  Comment 
Travel review website TripAdvisor has announced that it is acquiring San Francisco-based Viator for approximately $200 million, "substantially" in cash. Viator is a website operated by travel insiders that curate the best local tours and...
Motley Fool  Jul 25  Comment 
Is TripAdvisor's stock move meaningful or just another movement?
Motley Fool  Jul 25  Comment 
As Howard Hughes might lament: It's all about "the future, the future, the future, the future...."
TheStreet.com  Jul 24  Comment 
NEW YORK (TheStreet) -- Shares of TripAdvisor  are down -5.89% to $101.04 on very heavy trading volume. The shares have been lower since the pre-market when the travel research company was downgraded to "hold" from "buy" at Cantor...
Benzinga  Jul 24  Comment 
Tripadvisor (NASDAQ: TRIP) shares fell sharply Thursday after it missed second-quarter profit expectations and said higher advertising costs will cut future earnings. The stock traded recently down 8.6 percent to $98.06. SunTrust's Robert...
Benzinga  Jul 24  Comment 
In a report release Thursday, Credit Suisse analyst Dean Prissman decreased his price target on Tripadvisor (NASDAQ: TRIP) from $125 to $120. Prissman currently has an Outperform rating on the company. Analysts at Credit Suisse believe...
Benzinga  Jul 24  Comment 
Angie's List (NASDAQ: ANGI) fell 23.30% to $7.80 in pre-market trading after the company reported a wider-than-expected quarterly loss and issued a weak revenue forecast. Bank of America downgraded Angie's List from Buy to Neutral and lowered the...
Motley Fool  Jul 24  Comment 
The blue chips finished slightly down today as earnings season marched. Facebook shares flew higher after a stellar report after hours, while TripAdvisor stumbled as profits missed.
SeekingAlpha  Jul 24  Comment 
TripAdvisor, Inc. (NASDAQ:TRIP) Q2 2014 Earnings Conference Call July 23, 2014 04:30 PM ET Executives Will Lyons – Senior Director of Investor Relations Stephen Kaufer – President and Chief Executive Officer Julie M.B....


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
  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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