Tripadvisor (TRIP)
NASDAQ:TRIP
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TripAdvisor
(NASDAQ:TRIP)
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Rating:52Neutral
Price Target:
$10.50
▼(-7.81% Downside)
Action:Reiterated
Date:05/09/26
TRIP scores in the low-50s primarily due to mixed financial performance—stronger free cash flow but very thin margins and rising leverage—combined with weak longer-term price trends versus major moving averages. The earnings call and recent corporate actions provide some offset via cost/productivity progress and debt reduction, but conservative revenue guidance and macro-driven demand volatility keep the overall score moderate.
Positive Factors
Free cash flow generation
Consistent, material free cash flow (TTM FCF $198M, +21% YoY) gives Tripadvisor durable liquidity to fund investments, pay down debt, and absorb shocks. Strong cash conversion supports strategic shifts (product, experiences) and reduces refinancing risk versus firms lacking FCF.
Negative Factors
Rising leverage
Leverage doubling to roughly 2.0x reduces balance-sheet flexibility and raises refinancing and interest risks if revenue or margins deteriorate. Elevated debt increases fixed obligations and constrains strategic choices like buybacks or M&A during industry cyclicality.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Consistent, material free cash flow (TTM FCF $198M, +21% YoY) gives Tripadvisor durable liquidity to fund investments, pay down debt, and absorb shocks. Strong cash conversion supports strategic shifts (product, experiences) and reduces refinancing risk versus firms lacking FCF.
Read all positive factors
TripAdvisor Key Performance Indicators (KPIs)
Any
Gross Booking Value
Measures the total value of bookings made through Viator, indicating the platform's popularity and growth in the travel and experiences market.
Measures the total value of bookings made through Viator, indicating the platform's popularity and growth in the travel and experiences market.
Data provided by:
The Fly
The FlyTripAdvisor (TRIP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.11B
Dividend YieldN/A
Average Volume (3M)3.23M
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue Growth2.03%
EPS Growth-64.68%
CountryUS
Employees2,770
SectorConsumer Cyclical
Sector Strength84
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.14
Shares Outstanding116,361,170
10 Day Avg. Volume3,828,540
30 Day Avg. Volume3,232,489
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)2.82
Price to Sales (P/S)0.96
P/FCF Ratio11.17
Enterprise Value/Market Cap1.09
Enterprise Value/Revenue0.64
Enterprise Value/Gross Profit0.84
Enterprise Value/Ebitda5.54
Forecast
1Y Price Target
$13.46Price Target Upside18.20% Upside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)1.31
Revenue Forecast (FY)$1.88B
TripAdvisor Business Overview & Revenue Model
Company Description
TripAdvisor, Inc. operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localiz...
How the Company Makes Money
Tripadvisor primarily makes money through performance-based and advertising-driven revenue tied to travel shopping and booking intent generated on its platforms. A core stream is click-based and lead-generation revenue, where the company earns fee...
TripAdvisor Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Neutral
The call conveyed balanced progress: strong execution on the strategic pivot to experiences and AI (momentum in Jan–Feb, product and conversion gains, robust cash flow, and outsized Fork performance) but material near-term headwinds from geopolitical events and destination-specific disruptions that compressed revenue growth and experiences profitability in March. Management expects recovery through Q2 but guided conservatively given macro uncertainty, leading to muted near-term revenue outlook while highlighting structural progress and productivity gains.Positive Updates
Consolidated Profitability Beats Expectations
Q1 consolidated adjusted EBITDA of $22M (6% of revenue) came in slightly above expectations despite a challenging macro environment.
Negative Updates
Q1 Revenue Decline
Consolidated Q1 revenue of $382M, down 4% year-over-year and only in line with expectations, reflecting macro volatility.
Read all updates
Q1-2026 Updates
Positive
Negative
Consolidated Profitability Beats Expectations
Q1 consolidated adjusted EBITDA of $22M (6% of revenue) came in slightly above expectations despite a challenging macro environment.
Read all positive updates
Company Guidance
Tripadvisor's guidance for Q2 and the year: for Q2 the company expects consolidated revenue down "mid-single digits," with Experiences bookings growth of about 5%–8% and Experiences revenue growth of roughly 2%–5% (with bookings/GBV and cancellations expected to normalize through the quarter), Fork revenue growth of ~10%–13% (including ~400 bps currency benefit), and Hotels & Other revenue declining ~21%–24%; consolidated adjusted EBITDA margin is guided to ~15%–17%, with Experiences EBITDA margins ~12%–14% (roughly flat YoY), Fork margins ~11%–13% (impacted by marketing timing), and Hotels & Other margins ~22%–24%; management expects bookings/GBV to recover to normalized levels by the end of Q2, first-half adjusted EBITDA margin to be about 500 basis points higher than last year, and noted that adjusting the full-year outlook only for first-half macro impacts would imply roughly flat consolidated revenue growth and flat adjusted EBITDA margin, while the outlook excludes any further material macro deterioration.TripAdvisor Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
48
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.88B | 1.89B | 1.83B | 1.79B | 1.49B | 902.00M |
| Gross Profit | 1.44B | 1.17B | 1.70B | 1.64B | 1.38B | 828.00M |
| EBITDA | 217.90M | 215.00M | 218.00M | 256.00M | 208.00M | -29.00M |
| Net Income | 18.60M | 40.00M | 5.00M | 10.00M | 20.00M | -148.00M |
Balance Sheet | ||||||
| Total Assets | 2.73B | 2.63B | 2.56B | 2.54B | 2.57B | 2.29B |
| Cash, Cash Equivalents and Short-Term Investments | 1.12B | 1.03B | 1.06B | 1.07B | 1.02B | 723.00M |
| Total Debt | 1.25B | 1.24B | 903.00M | 912.00M | 929.00M | 953.00M |
| Total Liabilities | 2.10B | 1.98B | 1.62B | 1.67B | 1.71B | 1.50B |
| Stockholders Equity | 623.70M | 645.00M | 943.00M | 871.00M | 861.00M | 789.00M |
Cash Flow | ||||||
| Free Cash Flow | 181.30M | 163.00M | 70.00M | 172.00M | 344.00M | 54.00M |
| Operating Cash Flow | 260.80M | 245.00M | 144.00M | 235.00M | 400.00M | 108.00M |
| Investing Cash Flow | -81.50M | -84.00M | -73.00M | -63.00M | -52.00M | -54.00M |
| Financing Cash Flow | -202.50M | -197.00M | -63.00M | -127.00M | -27.00M | 263.00M |
TripAdvisor Technical Analysis
Negative
11.39
Price Trends
10.45
Negative
11.48
Negative
13.84
Negative
Market Momentum
-0.40
Positive
31.72
Neutral
12.85
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRIP, the sentiment is Negative. The current price of 11.39 is above the 20-day moving average (MA) of 10.56, above the 50-day MA of 10.45, and below the 200-day MA of 13.84, indicating a bearish trend. The MACD of -0.40 indicates Positive momentum. The RSI at 31.72 is Neutral, neither overbought nor oversold. The STOCH value of 12.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TRIP.
TripAdvisor Risk Analysis
TripAdvisor disclosed 50 risk factors in its most recent earnings report. TripAdvisor reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
TripAdvisor Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $80.94B | 117.99 | 31.24% | ― | 13.18% | 2.35% | |
71 Outperform | $32.33B | 19.53 | 20.98% | 0.39% | 17.27% | 94.65% | |
67 Neutral | $26.34B | 113.42 | 154.33% | 0.56% | 10.01% | 33.63% | |
62 Neutral | $120.16B | 30.71 | -95.80% | 0.71% | 14.95% | 17.45% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | $4.26B | 276.78 | 31.18% | ― | 6.71% | -41.74% | |
52 Neutral | $1.11B | -9.49 | 2.86% | ― | 2.03% | -64.68% |
* Consumer Cyclical Sector Average
TRIP
TripAdvisor
9.30
-5.31
-36.34%
TCOM
Trip.com Group Sponsored ADR
48.95
-14.43
-22.77%
EXPE
Expedia
215.00
53.79
33.37%
MMYT
Makemytrip
41.46
-62.29
-60.04%
BKNG
Booking Holdings
154.54
-56.27
-26.69%
ABNB
Airbnb
131.16
-0.97
-0.73%
TripAdvisor Corporate Events
Business Operations and Strategy
Tripadvisor Fully Repays 2026 Convertible Senior Notes Obligation
Positive
Apr 6, 2026
On April 6, 2026, Tripadvisor, Inc. announced it had repaid in full its 0.25% Convertible Senior Notes due 2026 at their maturity, paying $345.4 million in principal and accrued interest using cash on hand. The notes, originally issued in March 20...
Executive/Board Changes
Tripadvisor Announces Planned Transition of Chief Legal Officer
Neutral
Apr 2, 2026
Tripadvisor, Inc. announced that Chief Legal Officer and Secretary Seth Kalvert will leave his role effective May 1, 2026, with his exit treated as a qualifying termination under the company’s executive severance plan. The company emphasized...
Business Operations and StrategyExecutive/Board Changes
Tripadvisor Reaches Governance Agreement With Activist Starboard Value
Positive
Mar 23, 2026
On March 22, 2026, Tripadvisor entered into a cooperation agreement with activist investor Starboard Value that will expand its board from eight to ten members and immediately add two independent directors, travel and tech veteran Dhiren R. Fonsec...
Executive/Board ChangesShareholder Meetings
Tripadvisor Announces Upcoming Board Leadership Changes and Transition
Neutral
Mar 20, 2026
On March 18, 2026, Tripadvisor announced that Board Chair Greg B. Maffei and director Albert E. Rosenthaler informed the company they will not stand for re-election at the 2026 Annual Meeting of Shareholders, effectively retiring from the Board. T...
Business Operations and StrategyShareholder Meetings
Tripadvisor Addresses Activist Investor’s Board Nomination Plan
Positive
Feb 18, 2026
Tripadvisor, Inc., a leading online travel and experiences marketplace operating brands including Tripadvisor, Viator, and TheFork, focuses on connecting a global audience with travel partners through content and booking platforms covering experie...
Business Operations and StrategyFinancial Disclosures
Tripadvisor posts record 2025 revenue, boosts Experiences focus
Positive
Feb 12, 2026
Tripadvisor reported fourth quarter and full-year 2025 results on February 12, 2026, posting record annual revenue of $1.891 billion, up 3%, with full-year net income of $40 million and adjusted EBITDA of $319 million, or 16.9% of revenue. Fourth ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.