QUOTE AND NEWS
Benzinga  Mar 24  Comment 
The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday, March 23, 2017. Priceline Said to Bid Up to $52/Share for TripAdvisor The Rumor: Shares of TripAdvisor Inc (NASDAQ: TRIP) rose on unconfirmed market...
Motley Fool  Mar 15  Comment 
More consolidation could be coming in the online travel industry.
Motley Fool  Mar 14  Comment 
Stock buybacks, M&A, and portfolio rebalancing are the focus of this all-mailbag edition of Market Foolery.
Benzinga  Mar 14  Comment 
On Monday, the Vetr crowd downgraded their rating for Tripadvisor Inc (NASDAQ: TRIP) from 5 stars (Strong Buy) issued 33 days ago, to 3.5 stars (Buy). At the time of the downgrade, crowd sentiment for the stock was mostly positive, with 90 percent...
Motley Fool  Mar 10  Comment 
And why the online travel company gained some ground in early March.
Motley Fool  Mar 8  Comment 
The travel recommendation specialist shot up on talk about a possible acquisition, but it's only superficial.
SeekingAlpha  Mar 8  Comment 




 
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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