NASDAQ$TRIP

TripAdvisor Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported strong financial results for Q1 2023, with revenue growth across all segments.

Tripadvisor reported a strong start to 2023, with consolidated revenue growth of 42% year-over-year. Viator segment delivered particularly strong performance, with revenue growth of over 100%. The company is focused on driving further engagement, capturing more of the experiences opportunity, and fortifying the restaurants marketplace.

  • Total revenue was $371 million, a 42% increase year-over-year.
  • Viator's revenue increased by 105% year-over-year.
  • TheFork's revenue increased by 35% year-over-year.
  • Non-GAAP net income was $7 million, or $0.05 per share.

Headline financials

Total Revenue

$371M

Previous: $262M+41.6%
EPS (adj)

$0.05

Previous: -$0.09+155.6%
Free Cash Flow

-$73M

Previous: -$34M-114.7%
Net Income

-$73M

Previous: -$34M-114.7%
Operating Income

-$14M

Previous: -$20M+30.0%
Gross Profit

-$29M

Previous: -$22M-31.8%
Cash & Equivalents

$1.13B

Previous: $781M+44.9%
Total Assets

$2.68B

Previous: $2.37B+13.2%
Stock-Based Comp

$23M

Previous: $22M+4.5%

Revenue & EPS history

TripAdvisor · Revenue · Quarterly

$371M

Q1 2023+41.6%vs Q1 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Management expects to drive further engagement by leveraging data, content and planning tools, capture more of the experiences opportunity, and fortify the restaurants marketplace.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-1.4%

Avg return

Earnings day

-3.2%

Avg return

5 days after

-3.5%

Avg return

30 days after

43%

26 / 61 earnings

Positive

+20.8%

Q1 2018

Best reaction

-28.1%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.2%-15.6%+6.1%
Q4 2025-15.1%-13.3%-24.0%
Q3 2025+0.0%+0.2%-0.7%
Q1 2025+12.5%+19.9%+10.7%
Q4 2024-6.8%-15.4%-15.9%
Q3 2024-6.2%-10.2%-13.1%
Q2 2024-13.8%-14.1%-11.8%
Q1 2024-28.1%-26.8%-27.1%
Q4 2023+8.6%+5.1%+7.4%
Q3 2023+13.5%+10.3%+12.1%
Q2 2023-12.6%-12.5%-15.1%
Q1 2023-14.4%-11.6%-11.1%
Q4 2022+3.2%-10.4%-22.1%
Q3 2022-17.0%-6.5%-25.0%
Q2 2022+18.3%+23.7%+16.0%
Q1 2022+4.1%-14.4%-1.0%
Q4 2021-5.2%-7.0%-15.6%
Q3 2021-10.6%-12.1%-22.4%
Q2 2021+3.3%-0.6%-5.9%
Q1 2021-2.8%+0.0%-9.2%
Q4 2020+4.9%+21.0%+57.7%
Q3 2020+1.3%+36.1%+56.9%
Q2 2020-0.1%+4.9%+7.2%
Q1 2020-1.0%-6.6%+40.9%
Q4 2019-0.6%-0.5%-42.7%
Q3 2019-22.8%-22.5%-29.1%
Q2 2019+2.0%-4.8%-10.7%
Q1 2019-13.4%-15.6%-20.2%
Q4 2018-4.4%-4.6%-13.2%
Q3 2018+17.4%+9.9%+8.1%
Q2 2018-11.7%-6.8%-6.3%
Q1 2018+20.8%+24.2%+40.7%
Q4 2017+6.3%+8.6%+9.8%
Q3 2017-21.9%-19.8%-11.5%
Q2 2017+2.5%+6.6%+15.8%
Q1 2017+2.0%-1.7%-20.5%
Q4 2016-10.1%-9.8%-17.1%
Q3 2016-17.0%-19.6%-24.2%
Q2 2016-8.4%-10.9%-11.8%
Q1 2016-5.8%
Q4 2015+10.2%
Q3 2015-6.3%
Q2 2015-11.9%
Q1 2015+1.0%
Q4 2014+17.7%
Q3 2014-15.6%
Q2 2014-2.3%
Q1 2014-0.8%
Q4 2013+7.4%
Q3 2013-0.9%
Q2 2013+17.2%
Q1 2013-4.9%
Q4 2012-6.7%
Q3 2012+15.9%
Q2 2012-20.7%
Q1 2011-5.7%
Q1 2012+13.6%
Q4 2009+9.7%
Q2 2011+9.7%
Q4 2010+9.7%
Q4 2011+5.6%
Q3 2011

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