QUOTE AND NEWS
Japan Today  Sep 22  Comment 
It is a double-edged cybersword: a negative review of a restaurant or other business, posted for the world to see. Anyone who peruses Yelp!, TripAdvisor, Google and companies' own websites can see complaints about bad food, surly sales...
Forbes  Sep 16  Comment 
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Tripadvisor Inc (NASD: TRIP), where a total volume of 6,109 contracts has been traded thus far today, a contract volume which is...
Forbes  Sep 13  Comment 
The most recent short interest data has been released for the 08/31/2016 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  Sep 12  Comment 
Tripadvisor Inc (NASDAQ: TRIP) remains a standout within the online travel space as a stand-alone company in the sector that has seen heightened M&A activity over the past few years. However, according to Nat Schindler of Bank of America,...
Motley Fool  Sep 9  Comment 
The travel-review site dropped on a weak earnings report.
TechCrunch  Aug 25  Comment 
 New York-based Citymaps, a social mapping application backed by $12 million in venture funding, has been acquired by TripAdvisor, the companies have announced. The service, which serves both as a mapping and navigational tool as well as a travel...
Clusterstock  Aug 24  Comment 
. Join the conversation about this story » NOW WATCH: There’s a glaring security problem with those new credit card chips
Reuters  Aug 24  Comment 
* Citymaps will continue to be run as a standalone business. Source text for Eikon: Further company coverage:
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...




 
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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