QUOTE AND NEWS
Motley Fool  Jan 14  Comment 
Why investors should feel good about the online travel company's prospects.
Benzinga  Jan 10  Comment 
On Tuesday, the Vetr crowd upgraded their rating for Tripadvisor Inc (NASDAQ: TRIP) , from 3 Stars (Hold) issued five days ago, to 4.5 Stars (Strong Buy). Crowd sentiment for the stock is generally positive, with 75 percent of Vetr user ratings...
Motley Fool  Jan 5  Comment 
The travel review site took a spill last year as a transition plan failed to deliver growth.
Motley Fool  Dec 21  Comment 
These stocks helped hold the market down. Find out why.
DailyFinance  Dec 21  Comment 
Filed under: Lifestyle, Vacation Ideas Trips to Iceland and Croatia blew up social media in 2016, but if you are thinking of booking your next trip to these destinations, you might have already missed the trend based on a recent TripAdvisor...
Forbes  Dec 19  Comment 
The Trump rally has left some companies in the dust.
Motley Fool  Dec 16  Comment 
The stock was hammered after the company missed on Q3 earnings, but these three growth aspects show why TripAdvisor might be on sale for investors willing to wait out this transition.
Benzinga  Dec 14  Comment 
Expedia Inc (NASDAQ: EXPE) hotel search engine Trivago conduct its highly-anticipated IPO this week. Online travel investors are looking to determine the impact that the IPO will have on other stocks, such as Priceline Group Inc (NASDAQ: PCLN) and...
Benzinga  Dec 8  Comment 
Analysts at CLSA initiated coverage of Tripadvisor Inc (NASDAQ: TRIP) with an Underperform rating. The price target for Tripadvisor is set to $49. Tripadvisor shares closed at $47.60 on Wednesday. Analysts at Morgan Stanley initiated...




 
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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