QUOTE AND NEWS
guardian.co.uk  Aug 18  Comment 
TruRating wants to make hospitality ratings more reliable by ensuring only card-paying customers can leave reviews When Georgina Nelson sat down with the consultant she had hired to dispense sage advice on breaking into the card payments industry...
Forbes  Aug 12  Comment 
Langley Steinert is a co-founder of TripAdvisor (NASDAQ: TRIP) who went on to found CarGurus, which he grew — without VC funding — into the #1 trafficked auto shopping website in the United States. The company recently went global, adding...
Yahoo  Aug 11  Comment 
Christy Liu, a 34-year-old entrepreneur, found herself in an enviable predicament in October 2012 when her travel discovery startup Wanderfly got acquired by TripAdvisor (TRIP).
Forbes  Aug 10  Comment 
The most recent short interest data has been released for the 07/29/2016 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the Nasdaq 100 by "days to cover." There are a...
Benzinga  Aug 8  Comment 
It isn't exactly a secret that Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) and its Google unit tweek its search algorithms to push down the listings of other review sites, including Yelp Inc (NYSE: YELP) and Tripadvisor Inc (NASDAQ:...
Benzinga  Aug 5  Comment 
Deutsche Bank has downgraded Tripadvisor Inc (NASDAQ: TRIP) to Hold from Buy as "the story migrates from a monetization problem to a monetization and a traffic problem." Amid a drop in hotel revenues and higher marketing costs, TripAdvisor...
Benzinga  Aug 5  Comment 
Tripadvisor Inc (NASDAQ: TRIP) reported its 2Q revenue short of expectations. Although headwinds related to TripAdvisor’s transition to Instant Bookings [IB] would likely ease going ahead, mobile related pressure are expected to continue, Wells...




 
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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