NASDAQ$TRIP

TripAdvisor Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

TripAdvisor's Q2 2020 financial performance was significantly impacted by the COVID-19 pandemic, with revenue and user traffic declining sharply, but the company took swift action to preserve cash and is seeing gradual improvements in travel demand.

TripAdvisor's Q2 2020 revenue was $59 million, a decrease of 86% year-over-year, reflecting the severe impact of the COVID-19 pandemic on the travel industry. The company experienced a net loss of $153 million, or $1.14 per share. However, the company took significant cost reduction measures and saw improving trends in consumer travel demand towards the end of the quarter.

  • Q2 revenue was $59 million, down 86% year-over-year, but modestly better than anticipated.
  • Monthly unique users on Tripadvisor sites were approximately 33%, 45%, and 60% of last year’s comparable period for April, May, and June, respectively.
  • The company incurred pre-tax restructuring and related reorganization costs of $33 million.
  • As of June 30, 2020, Tripadvisor had $698 million of cash and cash equivalents.

Headline financials

Total Revenue

$59M

Previous: $422M-86.0%
EPS (adj)

-$0.76

Previous: $0.45-268.9%
Capital Expenditures

-$36M

Previous: -$38M+5.3%
Free Cash Flow

-$189M

Previous: -$4M-4625.0%
Net Income

-$153M

Previous: $34M-550.0%
Operating Income

-$164M

Previous: $66M-348.5%
Gross Profit

-$10M

Previous: -$26M+61.5%
Cash & Equivalents

$698M

Previous: $901M-22.5%
Total Assets

$2.25B

Previous: $2.57B-12.4%
Stock-Based Comp

$25M

Previous: $33M-24.2%

Revenue & EPS history

TripAdvisor · Revenue · Quarterly

$59M

Q2 2020-86%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Near-term visibility remains low, and Travel’s recovery path will likely be uneven by geography and by sector.

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 Q2 2020

Historical avgQ2 2020

-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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