QUOTE AND NEWS
MarketWatch  5 hrs ago  Comment 
Shares of online travel services companies rallied Tuesday, after suffering sharp losses amid concerns over the fallout from the U.K. vote to leave the European Union. Expedia Inc.'s stock ran up 2.8% in morning trade, after tumbling 10% over the...
The Hindu Business Line  Jun 24  Comment 
Bengaluru-based budget hotel start-up, Treebo Group of Hotels, which has established a network of 100 hotels in 20 cities since its launch last June, has received the TripAdvisor Certificate of ...
Benzinga  Jun 15  Comment 
Cowen’s Kevin Kopelman believes the Street is underestimating the pressure on Tripadvisor Inc (NASDAQ: TRIP) during FY16, as well as the potential for a rebound in FY17. Kopelman maintains a Market Perform rating on the company, while raising...
Benzinga  Jun 6  Comment 
Shares of Tripadvisor Inc (NASDAQ: TRIP) traded up more than 4.5 percent Monday. While news on the company has been sparse, some traders have attributed the upside to earlier positive comments from a Piper Jaffray analyst. In a morning...
Forbes  May 25  Comment 
The most recent short interest data has been released for the 05/13/2016 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...
Forbes  May 25  Comment 
Instant Booking is emerging as the biggest strength for TripAdvisor. According to a Piper Jaffray report, TripAdvisor’s penetration improved significantly in several regions over a three month period as shown below:
Forbes  May 23  Comment 
In early trading on Monday, shares of Tripadvisor (TRIP) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.4%. Year to date, Tripadvisor has lost about 21.0% of its value.
Clusterstock  May 21  Comment 
. Join the conversation about this story » NOW WATCH: Be sure to learn the actual meaning of these real estate 'code words' before looking for a new place
Motley Fool  May 18  Comment 
Its shift in strategy, while smart and loaded with potential, negatively affected the company's recently reported earnings.




 
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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