Forbes  2 hrs ago  Comment 
The online travel agencies (OTAs) started the year on an acquisition spree. It seems all the market players want a bigger share of the $1.3 trillion global travel market pie. Priceline has recently announced the intention to acquire Rocketmiles,...
Forbes  Feb 19  Comment 
Looking at the sectors faring best as of midday Thursday, shares of Technology & Communications companies are outperforming other sectors, up 0.4%. Within the sector, Applied Materials (NASD: AMAT) and Tripadvisor (NASD: TRIP) are two of the day's...
Forbes  Feb 13  Comment 
Propelled by growing click based revenues and the full quarter contribution of its acquisitions (LaFourchette and Viator), the world's largest travel review company posted revenues of $288 million in Q4 2014, up by 35% year on year. All the three...
Forbes  Feb 12  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 40,606 contracts has been traded thus far today, a contract volume which is...
Motley Fool  Feb 12  Comment 
The market is celebrating TripAdvisor's solid fourth-quarter report. Here's why.
CNNMoney.com  Feb 12  Comment 
TripAdvisor really enjoyed the holidays last year and thinks this year's could be even better.
Forbes  Feb 12  Comment 
In early trading on Thursday, shares of Tripadvisor (TRIP) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 19.2%.  Year to date, Tripadvisor registers a 7.4% gain.
Benzinga  Feb 12  Comment 
On Thursday, SunTrust's Bob Peck shared five key highlights from Tripadvisor Inc (NASDAQ: TRIP)'s recent fourth quarter report. 1. Organic revenue (ex. acquisitions) grew approximately 26 percent in the quarter and 28 percent for the entire...
Benzinga  Feb 12  Comment 
Orbitz Worldwide Inc. (NYSE: OWW) +22% - Acquired by Expedia Inc. For $12 per share. Tripadvisor Inc. (NASDAQ: TRIP) +14% - Announced Q4 EPS. Expedia Inc. (NASDAQ: EXPE) +10% - Announced acquisition of Orbitz Worldwide. FireEye Inc....


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
  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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