10-Q - TripAdvisor, Inc. (0001526520) (Filer)

Wed, May 7, 11:08 AM (6 days ago)

**Tripadvisor, Inc. (TRIP) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $398 million, a 1% increase from Q1 2024. - **Net Loss:** $11 million, an 81% improvement from a $59 million loss in Q1 2024. - **Operating Income:** $(15) million, slightly worse than $(14.7) million in Q1 2024. - **Adjusted EBITDA:** $43.8 million, a 6% decrease from $46.7 million in Q1 2024. - **Cash Flow from Operations:** $102 million, a 26% decrease from $139 million in Q1 2024. **Profit Margins:** - **Net Margin:** -2.8%, improved from -15% in Q1 2024. - **Operating Margin:** -3.9%, slightly worse than -3.7% in Q1 2024. **Cash Flow:** - **Operating Cash Flow:** $102 million, down from $139 million in Q1 2024. - **Investing Cash Flow:** $(19) million, slightly worse than $(16) million in Q1 2024. - **Financing Cash Flow:** $(3) million, improved from $(12) million in Q1 2024. **Earnings Changes:** - **EPS:** $(0.08), improved from $(0.43) in Q1 2024. **Segment Performance:** - **Brand Tripadvisor:** Revenue down 8% to $219.4 million, Adjusted EBITDA down 16% to $64.9 million. - **Viator:** Revenue up 10% to $155.8 million, Adjusted EBITDA loss improved by 36% to $(17.6) million. - **TheFork:** Revenue up 12% to $46.4 million, Adjusted EBITDA loss unchanged at $(3.5) million. **Trends & Uncertainties:** - **Seasonality:** Q2 and Q3 typically see higher financial performance. - **Economic Uncertainties:** Global economic conditions, geopolitical events, and public health-related issues may impact travel demand. - **Regulatory Risks:** Ongoing audits and potential tax liabilities could affect financial results. **Future Operations Impact:** - **Cost Reduction:** Initiated restructuring to reduce costs and improve operational efficiencies. - **Debt Management:** Increased Term Loan B Facility to fund debt repayment and corporate purposes. - **Merger:** Completed merger with Liberty Tripadvisor Holdings, Inc., which may impact future operations and financials. **Key Metrics:** - **Experience Bookings (Viator):** Up 15% to 5.0 million. - **Gross Booking Value (Viator):** Up 10% to $1.1 billion. - **TheFork Bookings:** Growth in direct channels and premium software adoption. **Outlook:** - Tripadvisor aims to drive traveler acquisition, repeat engagement, and deeper partnerships to enhance long-term value. - Continued focus on cost management, strategic investments, and potential acquisitions to support growth.