guardian.co.uk  Apr 10  Comment 
Journalists, consultants, civil servants; there’s no end to the things that a developmental version of the travel website would be useful to rate I’ve been thinking about TripAdvisor recently, as a model of fast, crowdsourced feedback which...
Benzinga  Apr 6  Comment 
In a report published Monday, Evercore ISI analysts maintained a Hold rating on The Priceline Group Inc. (NASDAQ: PCLN) and TripAdvisor Inc. (NASDAQ: TRIP), while reducing their estimates ahead of the first quarter. They mentioned, however, that...
Benzinga  Apr 6  Comment 
Apple Inc. (NASDAQ: AAPL)'s Apple Maps appears to no longer be monogamous. The app, which until recently featured Yelp Inc (NYSE: YELP) reviews for every search where these were available, now offers assessments taken from Tripadvisor Inc...
Benzinga  Apr 6  Comment 
Analysts at Needham downgraded TripAdvisor Inc. (NASDAQ: TRIP) from Buy to Hold, according to sources. TripAdvisor shares have dropped 3.71% over the past 52 weeks, while the S&P 500 index has surged 10.82% in the same period. TripAdvisor's...
Benzinga  Apr 6  Comment 
Some of the stocks that may grab investor focus today are: TripAdvisor Inc (NASDAQ: TRIP) reported that its Chief Financial Officer Julie M.B. Bradley is resigning from TripAdvisor. TripAdvisor shares gained 0.20% to close at $82.50 on...
TheStreet.com  Apr 2  Comment 
NEW YORK (TheStreet) -- Shares of TripAdvisor were falling 0.13% to $82.40 after-hours Thursday after the online travel review company announced the resignation of its CFO. TripAdvisor announced Julie M.B. Bradley will resign from her position...
Benzinga  Apr 2  Comment 
In a report published Thursday, Wunderlich Securities analyst Blake T. Harper reiterated a Hold rating and $80.00 price target on TripAdvisor, Inc. (NASDAQ: TRIP). In the report, Wunderlich Securities noted, "We are updating our estimates on...
Forbes  Mar 30  Comment 
Helsinki is the most expensive city in the world for hotel room service, according to Tripadvisor. If you're staying in a hotel on a tight budget, make sure you think twice about opening the minibar - water comes with a $6.40 pricetag. If you need...
MarketWatch  Mar 28  Comment 
According to Tripadvisor contributors, these are the 10 best hotels in the U.S.


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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