QUOTE AND NEWS
TechCrunch  Aug 18  Comment 
 Thanks to the predicted tech talent shortage and uncertainty in other industries, the idea of switching careers to jump to the tech industry is an enticing prospect for many in these less-than-stellar economic times. Read More
SeekingAlpha  Aug 15  Comment 
By Asean Century: XO Group (NYSE:XOXO) posted EPS in Q2 of $0.12, which beat expectations by two cents. Revenues grew 3.6% y/y to $38.33 million and beat estimates by $130k. XO Group also beat earnings and revenue estimates in Q1, so I like what...
Benzinga  Aug 13  Comment 
Stifel analyst Scott Devitt earlier resumed coverage on TripAdvisor, Inc. (Nasdaq: TRIP) with a Buy rating and a price target of $120 in a report published Wednesday. He pointed to improved traffic monetization and increased integration of the...
Benzinga  Aug 11  Comment 
Liberty Interactive Corporation (“Liberty”) (Nasdaq: LINTA), announced today that, in connection with its upcoming spin-off (the “Spin-off”) of its subsidiary Liberty TripAdvisor Holdings, Inc. (“TripAdvisor Holdings”), its Board of...
BusinessWeek  Aug 1  Comment 
The historic house called Stetson Mansion gets top marks on TripAdvisor
StreetInsider.com  Jul 25  Comment 
* TripAdvisor (Nasdaq: TRIP) announced it has entered into an agreement to acquire Viator, a leading resource for researching and booking destination activities around the world. Viator features more than 20,000 bookable tours and attractions and...
Forbes  Jul 25  Comment 
Travel review website TripAdvisor has announced that it is acquiring San Francisco-based Viator for approximately $200 million, "substantially" in cash. Viator is a website operated by travel insiders that curate the best local tours and...
Motley Fool  Jul 25  Comment 
Is TripAdvisor's stock move meaningful or just another movement?
Motley Fool  Jul 25  Comment 
As Howard Hughes might lament: It's all about "the future, the future, the future, the future...."
Benzinga  Jul 24  Comment 
Tripadvisor (NASDAQ: TRIP) shares fell sharply Thursday after it missed second-quarter profit expectations and said higher advertising costs will cut future earnings. The stock traded recently down 8.6 percent to $98.06. SunTrust's Robert...




 
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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