QUOTE AND NEWS
DailyFinance  Feb 22  Comment 
Filed under: Lifestyle, Travel, Vacation Ideas Whether it is dunes of squeaky white sand or stretches of shattered black lava, there is only one word to describe unique beaches -- paradise. Yes, you could head to the closest shore or lake to...
Motley Fool  Feb 16  Comment 
The travel-review site continued to struggle as it reported another weak quarter.
Forbes  Feb 16  Comment 
TripAdvisor ended 2016 on a weak note mainly on account of the lack of traction on its Instant Booking platform that led to a decline in its hotel revenues. Too, the company continued investing on its marketing initiatives and this led to a...
Benzinga  Feb 16  Comment 
The weak fourth quarter results and the resultant outlook shows competing headwinds still persist for Tripadvisor Inc (NASDAQ: TRIP) whose top as well as bottom line numbers for the quarter trailed estimates. TripAdvisor reports Q4 EPS of...
Motley Fool  Feb 15  Comment 
The online travel company hopes that spending now will pay off in the years ahead.
Reuters  Feb 15  Comment 
Travel review website TripAdvisor Inc reported lower-than-expected quarterly revenue, hurt by a fall in display advertisements on its websites and a drop in subscription revenue.




 
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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