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TripAdvisor
(NASDAQ:TRIP)
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Rating:57Neutral
Price Target:
$14.00
▲(22.91% Upside)
Action:Reiterated
Date:07/02/26
Overall score is held back primarily by thin profitability with elevated leverage and a very high P/E valuation. Offsetting factors include solid free cash flow generation and constructive technical momentum, while the latest earnings call points to continued near-term revenue pressure (especially Hotels & Other) despite operational progress in Experiences/AI and ongoing cost reductions.
Positive Factors
Free cash flow generation
Sustained FCF (TTM $198M, up ~21%) provides durable internal funding for debt reduction, investments, and optional returns. Reliable cash conversion (FCF ~76% of net income) buffers the company against cyclical revenue swings and supports strategic re‑allocation to core experiences initiatives.
Negative Factors
Elevated leverage
Higher leverage (~2.0x D/E) reduces financial flexibility and raises downside risk if revenue or margins weaken. Elevated debt limits ability to invest aggressively in product or marketing without straining interest coverage and increases sensitivity to macro shocks over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Sustained FCF (TTM $198M, up ~21%) provides durable internal funding for debt reduction, investments, and optional returns. Reliable cash conversion (FCF ~76% of net income) buffers the company against cyclical revenue swings and supports strategic re‑allocation to core experiences initiatives.
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
$1.60B
Dividend YieldN/A
Average Volume (3M)4.53M
Price to Earnings (P/E)98.2
Beta (1Y)1.36
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. Volume5,292,918
30 Day Avg. Volume4,526,262
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 Cap1.00
Enterprise Value/Revenue0.85
Enterprise Value/Gross Profit1.11
Enterprise Value/Ebitda7.12
Forecast
1Y Price Target
$14.27Price Target Upside25.26% Upside
Rating ConsensusHold
Number of Analyst Covering12
EPS Forecast (FY)1.34
Revenue Forecast (FY)$1.88B
TripAdvisor Business Overview & Revenue Model
Company Description
Tripadvisor, Inc. functions as an online travel enterprise, organizing its operations into two main segments: Hotels, Media & Platform, and Experiences & Dining. Central to its business are the TripAdvisor-branded websites, including tripadvisor.c...
How the Company Makes Money
Tripadvisor primarily makes money by monetizing travel and dining demand generated on its platforms through advertising, referrals, and transaction-based fees. A major revenue stream is performance-based advertising/lead generation: when users sea...
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 | 223.70M | 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 | 1.25B | 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
Positive
11.39
Price Trends
11.42
Positive
10.96
Positive
13.07
Positive
Market Momentum
0.69
Negative
67.59
Neutral
86.27
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRIP, the sentiment is Positive. The current price of 11.39 is below the 20-day moving average (MA) of 12.61, below the 50-day MA of 11.42, and below the 200-day MA of 13.07, indicating a bullish trend. The MACD of 0.69 indicates Negative momentum. The RSI at 67.59 is Neutral, neither overbought nor oversold. The STOCH value of 86.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $85.83B | 33.83 | 31.24% | ― | 13.18% | 2.35% | |
74 Outperform | $31.75B | 22.06 | 147.58% | 0.56% | 10.01% | 33.63% | |
73 Outperform | $26.19B | 5.62 | 21.02% | 0.39% | 19.28% | 87.04% | |
66 Neutral | $133.11B | 22.05 | -95.80% | 0.71% | 14.95% | 17.45% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $5.52B | 117.11 | -38.21% | ― | 6.71% | -41.74% | |
57 Neutral | $1.60B | 98.21 | 2.86% | ― | 2.03% | -64.68% |
* Consumer Cyclical Sector Average
TRIP
TripAdvisor
13.75
-1.24
-8.27%
TCOM
Trip.com Group Sponsored ADR
41.08
-18.04
-30.51%
EXPE
Expedia
264.54
94.87
55.91%
MMYT
Makemytrip
58.19
-35.93
-38.17%
BKNG
Booking Holdings
182.64
-43.52
-19.24%
ABNB
Airbnb
147.31
11.92
8.80%
TripAdvisor Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Tripadvisor Shareholders Reelect Board, Ratify 2026 Auditor
Positive
Jul 1, 2026
Tripadvisor, Inc. held its annual meeting of stockholders on June 29, 2026, with 89,378,900 common shares represented by proxy, and shareholders elected ten directors, including CEO Matthew Goldberg and other board members, each to serve a one-yea...
Business Operations and StrategyM&A Transactions
Tripadvisor to Divest TheFork to American Express
Positive
Jun 15, 2026
On June 15, 2026, Tripadvisor announced it had entered into a put option agreement to sell TheFork, its European online restaurant reservation and management platform, to American Express in an all-cash deal valued at $700 million. TheFork generat...
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...
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.