NASDAQ$TRIP

TripAdvisor Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported a mixed Q1 2024 with revenue growth offset by a net loss due to tax expenses, while focusing on diversification into experiences.

Tripadvisor reported a 6% increase in revenue to $395 million for Q1 2024. However, the company experienced a net loss of $59 million, or $0.43 per share, primarily due to a $42 million impact from an IRS audit settlement. Non-GAAP net income was $17 million, or $0.12 per share. The results reflect a focus on diversifying into higher growth experiences offerings.

  • Revenue increased by 6% year-over-year, reaching $395 million.
  • Net loss was $59 million, or $0.43 per share, impacted by a $42 million tax expense.
  • Non-GAAP net income was $17 million, or $0.12 per share.
  • Adjusted EBITDA was $47 million, representing 12% of revenue.

Headline financials

Total Revenue

$395M

Previous: $371M+6.5%
EPS

-$0.43

Previous: $0.05-960.0%
Adjusted EBITDA

$47M

No prior period
Marketing costs

$162M

No prior period
Personnel costs

$149M

No prior period
Technology costs

$22M

No prior period
General and administrative costs

$29M

No prior period
Capital Expenditures

-$16M

No prior period
Free Cash Flow

-$59M

Previous: -$73M+19.2%
Net Income

-$59M

Previous: -$73M+19.2%
Operating Income

-$15M

Previous: -$14M-7.1%
Gross Profit

-$35M

Previous: -$29M-20.7%
Cash & Equivalents

$1.17B

Previous: $1.13B+3.4%
Total Assets

$2.74B

Previous: $2.68B+2.0%
R&D Expense

$76M

No prior period
Stock-Based Comp

$28M

Previous: $23M+21.7%

Revenue & EPS history

TripAdvisor · Revenue · Quarterly

$395M

Q1 2024+6.5%vs Q1 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Tripadvisor did not provide specific financial guidance for future periods in this earnings report.

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 2024

Historical avgQ1 2024

-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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