QUOTE AND NEWS
Benzinga  Dec 17  Comment 
Analysts at Buckingham Research initiated coverage on shares of TripAdvisor (NASDAQ: TRIP) with a Neutral rating. The target price for TripAdvisor is set to $67. TripAdvisor shares have declined 12.53% over the past 52 weeks, while the S&P...
Forbes  Dec 16  Comment 
Priceline announced the integration of Apple Pay on its iPhone and iPad iOS 8 applications. The company also launched the redesigned version of its restaurant booking platform. Expedia entered into a collaboration with leading hotel chain, Best...
TheStreet.com  Dec 12  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.  TheStreet Ratings quantitative algorithm...
TheStreet.com  Dec 10  Comment 
NEW YORK (MainStreet) -- You booked a romantic holiday getaway for you and your honey. "I want a great view and a king-size bed," you insisted when you made the reservation. When you are shown to the room, instead of a mountain view, there is a...
Motley Fool  Dec 5  Comment 
The travel specialist suffered early last month, but signs of a recovery could make long-term investors happy.
TheStreet.com  Dec 3  Comment 
DELAFIELD, Wis. (Stockpickr) -- Corporate insiders sell their own companies' stock for a number of reasons. Must Read: Warren Buffett's Top 10 Dividend Stocks They might need the cash for a big personal purchase such as a new house or yacht, or...
TheStreet.com  Dec 2  Comment 
NEW YORK (TheStreet) -- According to a recent Wall Street Journal article, Priceline's Chief Executive Officer Darren Huston said that he is open to exploring new acquisitions following the company's $2.6 billion purchase of OpenTable in July....
SeekingAlpha  Nov 24  Comment 
Benzinga  Nov 24  Comment 
Stephen Ju of Credit Suisse assumed coverage of TripAdvisor Inc (NASDAQ: TRIP) on Monday (due to the departure of the primary analyst) with an unchanged Outperform rating and $105 price target. “Our thesis remains unchanged as the fruits of...




 
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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