QUOTE AND NEWS
Motley Fool  30 min ago  Comment 
Investors expect more earnings struggles in its coming report, but can the online travel specialist finish the year strong?
Clusterstock  Jul 20  Comment 
Summer is one of the most popular times of year to travel, but you can still find great deals on trips if you know where to look. TripAdvisor just released the results of its annual TripIndex Cities study, which compares the cost of a...
Motley Fool  Jul 19  Comment 
The online travel review company was hit by the market sell-off at the beginning of the year along with a weak earnings report.
CNNMoney.com  Jul 19  Comment 
Whether it's an uncomfortable seat, flat champagne or annoying delays, airline passengers now have a place to air their grievances.
Forbes  Jul 19  Comment 
In recent trading, shares of Tripadvisor Inc (NASD: TRIP) have crossed above the average analyst 12-month target price of $68.31, changing hands for $68.74/share. When a stock reaches the target an analyst has set, the analyst logically has two...
Motley Fool  Jul 16  Comment 
These dynamic and innovative tech stocks offer massive potential for growth in the years ahead.
Forbes  Jul 13  Comment 
The most recent short interest data has been released for the 06/30/2016 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the Nasdaq 100 by "days to cover." There are a...




 
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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