Benzinga  Nov 19  Comment 
Tripadvisor Inc (NASDAQ: TRIP) announced it has entered into a new agreement with Priceline Group Inc (NASDAQ: PCLN) for its Instant Booking feature. As part of the agreement, Priceline's Booking.com site will initially be included in the Instant...
Motley Fool  Nov 16  Comment 
Your 40s is a great time to invest, and our contributors believe that names such as TripAdvisor, NVIDIA, and EOG Resources are promising ideas for investors in their 40s.
Forbes  Nov 10  Comment 
The main highlight of the third quarter call was Priceline's participation on TripAdvisor's Instant Booking platform, how that will accelerate the global rollout of Instant Booking (in September, Instant Booking became available across all devices...
Motley Fool  Nov 6  Comment 
The online travel company fell short of expectations in Q3 and reduced 2015 guidance.
Benzinga  Nov 6  Comment 
TripAdvisor Inc (NASDAQ: TRIP) shares are trading lower by $8.29 at $74.82 in Friday's session. The catalyst for the decline is a Q3 miss for EPS by $0.02 with $15 million less in revenues. After a lower open, it rallied to $75.95 before...
Forbes  Nov 6  Comment 
In early trading on Friday, shares of Qorvo (QRVO) topped the list of the day's best performing components of the S&P 500 index, trading up 16.8%.  Year to date, Qorvo has lost about 25.2% of its value.
Benzinga  Nov 6  Comment 
Shares of Tripadvisor Inc (NASDAQ: TRIP) have appreciated 15.65 percent over the past month, from a low of $66.315 on October 7. Oppenheimer’s Jed Kelly has downgraded the rating on the company from Outperform to Perform. Kelly...


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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