NASDAQ$TRIP

TripAdvisor Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

TripAdvisor's Q4 2022 financial performance exceeded expectations, marking a strong close to fiscal year 2022 with growth across all segments.

TripAdvisor's Q4 2022 total revenue reached $354 million, a 47% increase year-over-year. The company's net loss improved to $3 million from $29 million in Q4 2021, and Adjusted EBITDA improved to $43 million from $29 million in the same period.

  • Total revenue increased by 47% year-over-year to $354 million, reaching approximately 106% of pre-COVID-19 levels.
  • Tripadvisor Core revenue increased by 34% year-over-year to $217 million.
  • Viator revenue increased by 115% year-over-year to $127 million.
  • TheFork revenue increased by 10% year-over-year to $33 million.

Headline financials

Total Revenue

$354M

Previous: $241M+46.9%
EPS (adj)

$0.16

Previous: -$0.01+1700.0%
Free Cash Flow

-$55M

Previous: $51M-207.8%
Net Income

-$3M

Previous: -$29M+89.7%
Operating Income

-$13M

Previous: -$28M+53.6%
Gross Profit

$354M

Previous: $241M+46.9%
Cash & Equivalents

$1.02B

Previous: $723M+41.2%
Total Assets

$2.57B

Previous: $2.29B+12.2%
Stock-Based Comp

$23M

Previous: $31M-25.8%

Revenue & EPS history

TripAdvisor · Revenue · Quarterly

$354M

Q4 2022+46.9%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

As we enter 2023, we will continue to leverage these strengths while identifying new opportunities to reinforce and accelerate our performance and drive sustainable profitable growth. In 2022, we delivered solid year-over-year revenue growth of 65% and witnessed a healthy increase in profit margins. As we look to 2023 and beyond, we expect to maintain this approach as we pursue opportunities across our Company’s portfolio.

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 2022

Historical avgQ4 2022

-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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