TheStreet.com  Oct 21  Comment 
NEW YORK (TheStreet) --aTripAdvisor Inc. was initiated with an "outperform" rating and $99 price target by analysts at Oppenheimer on Tuesday. The firm said it initiated coverage on the online travel research company as it is "enthused about...
SeekingAlpha  Oct 15  Comment 
By Stone Fox Capital: After skyrocketing from $30 back in November 2012 to $110 in March of this year, TripAdvisor (NASDAQ:TRIP) has now spent the last year consolidating. The online travel review site continues with fast expansion amidst global...
SeekingAlpha  Oct 10  Comment 
By Investing Tricks: TripAdvisor Inc. (NASDAQ:TRIP) is a growing company and is presently the second-largest online travel information agency in the market after Priceline Inc. (NASDAQ:PCLN). The company spun off from Expedia (NASDAQ:EXPE) in 2011...
Benzinga  Oct 6  Comment 
In a report published Monday, Deutsche Bank analyst Lloyd Walmsley reiterated a Buy rating and $122.00 price target on TripAdvisor (NASDAQ: TRIP). In the report, Deutsche Bank noted, “We believe investors are overly pessimistic about near-term...
SeekingAlpha  Oct 2  Comment 
By Amigobulls: TripAdvisor's (NASDAQ:TRIP) stock is now down by close to 17% since its Q2 2014 earnings release. Does the recent correction make it an attractive investment option? Maybe not. TripAdvisor is one of the more fundamentally sound...
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),...


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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