QUOTE AND NEWS
MarketWatch  May 20  Comment 
TripAdvisor, Hipmunk and others claim Delta has removed access to its data, adding to industry tensions over the way consumers shop for flights on the Internet.
The Australian  May 19  Comment 
Australian online restaurant reservation company Dimmi has been bought by global travel giant TripAdvisor.
Benzinga  May 19  Comment 
Analysts at Guggenheim Securities initiated coverage on Tripadvisor Inc (NASDAQ: TRIP) with a Buy rating. The target price for Tripadvisor is set to $100. Tripadvisor shares have dropped 5.10 percent over the past 52 weeks, while the S&P 500...
Forbes  May 11  Comment 
TripAdvisor's business listings grew by 19% to 4.9 million, with 16% growth in hotels, 25% in attraction listings, and 19% in restaurants. TripAdvisor’s monthly unique visitor base grew by 31% year on year to 340 million. Reviews on its websites...
Benzinga  May 7  Comment 
Priceline Group Inc (NASDAQ: PCLN) plunged 4 percent on a weak outlook Thursday. Orbitz Worldwide, Inc. (NYSE: OWW), expected to be acquired by Expedia Inc (NASDAQ: EXPE), was down 1.5 percent following its own release of first quarter...
TheStreet.com  May 7  Comment 
NEW YORK (TheStreet) -- TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS portfolio said Thursday it was the best of conference calls for TripAdvisor  but not for Keurig Green Mountain . TripAdvisor stock has been...
Benzinga  May 7  Comment 
In a report published Thursday, Credit Suisse analyst Stephen Ju commented on Tripadvisor Inc (NASDAQ: TRIP)'s first quarter results in which the company's reported revenue of $363.0 million exceeded his $356.1 million estimate, demonstrating...
Motley Fool  May 6  Comment 
The travel website provider boosted sales in the first quarter, but earnings remained flat.




 
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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