NASDAQ$TRIP

TripAdvisor Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

TripAdvisor's Q4 2021 financial results were announced, revealing a significant year-over-year revenue increase and improvements in profitability.

TripAdvisor reported a strong recovery in Q4 2021, with total revenue increasing by 108% year-over-year to $241 million. The company's net loss improved significantly, and Adjusted EBITDA turned positive, driven by increased revenue and cost-reduction measures.

  • Total revenue increased by 108% year-over-year to $241 million, reaching approximately 72% of pre-COVID-19 levels.
  • Experiences & Dining segment showed substantial growth, with revenue increasing by 172% year-over-year.
  • Net loss improved to $29 million, compared to a net loss of $73 million in Q4 2020.
  • Adjusted EBITDA was $29 million, a significant improvement from an Adjusted EBITDA loss in Q4 2020.

Headline financials

Total Revenue

$241M

Previous: $116M+107.8%
EPS (adj)

-$0.01

Previous: -$0.41+97.6%
Free Cash Flow

$51M

Previous: -$24M+312.5%
Net Income

-$29M

Previous: -$73M+60.3%
Operating Income

-$28M

Previous: -$92M+69.6%
Gross Profit

$241M

Previous: $116M+107.8%
Cash & Equivalents

$723M

Previous: $418M+73.0%
Total Assets

$2.29B

Previous: $1.97B+16.3%
Stock-Based Comp

$31M

Previous: $29M+6.9%

Revenue & EPS history

TripAdvisor · Revenue · Quarterly

$241M

Q4 2021+107.8%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The company expects significant improvement in the travel market in 2022 due to the expected easing of the pandemic and the significant pent-up demand for travel, especially in the second half of the year. In particular, we expect our Experiences and Dining segment to buoy our overall revenue performance.

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 Q4 2021

Historical avgQ4 2021

-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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