TripAdvisor, Inc
(NASDAQ:TRIP)

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 localized versions of the website in 48 markets and 28 langu...

Website: http://www.tripadvisor.com

Founded: 2000

Full Time Employees: 2,650

Founder: Langley Steinert, Stephen Kaufer, Nick Shanny, Tom Palka

CEO: Matt Goldberg

Sector: Consumer Cyclical

Industry: Travel Services

Leisure Consumer Cyclical

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At a glance:

Bull Thesis:

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31

revenue	382,400,000	411,000,000	553,000,000	529,000,000	398,000,000	411,000,000	532,000,000	497,000,000	395,000,000	390,000,000	533,000,000	494,000,000	371,000,000	354,000,000	459,000,000	417,000,000	262,000,000	241,000,000	303,000,000	235,000,000	123,000,000	116,000,000	151,000,000	59,000,000	278,000,000	335,000,000	428,000,000	422,000,000	376,000,000	346,000,000	458,000,000	433,000,000	378,000,000	321,000,000	439,000,000	424,000,000	372,000,000	316,000,000	421,000,000	391,000,000	352,000,000	309,000,000	415,000,000	405,000,000	363,000,000	288,000,000	354,000,000	323,000,000	281,000,000	166,244,000	198,969,000	192,615,000	169,408,000	129,845,000	155,835,000	141,408,000	132,127,000
yoy	-3.92%	0.00%	3.95%	6.44%	0.76%	5.38%	-0.19%	0.61%	6.47%	10.17%	16.12%	18.47%	41.60%	46.89%	51.49%	77.45%	113.01%	107.76%	100.66%	298.31%	-55.76%	-65.37%	-64.72%	-86.02%	-26.06%	-3.18%	-6.55%	-2.54%	-0.53%	7.79%	4.33%	2.12%	1.61%	1.58%	4.28%	8.44%	5.68%	2.27%	1.45%	-3.46%	-3.03%	7.29%	17.23%	25.39%	29.18%	73.24%	77.92%	67.69%	65.87%	28.03%	27.68%	36.21%	28.22%
qoq	-6.96%	-25.68%	4.54%	32.91%	-3.16%	-22.74%	7.04%	25.82%	1.28%	-26.83%	7.89%	33.15%	4.80%	-22.88%	10.07%	59.16%	8.71%	-20.46%	28.94%	91.06%	6.03%	-23.18%	155.93%	-78.78%	-17.01%	-21.73%	1.42%	12.23%	8.67%	-24.45%	5.77%	14.55%	17.76%	-26.88%	3.54%	13.98%	17.72%	-24.94%	7.67%	11.08%	13.92%	-25.54%	2.47%	11.57%	26.04%	-18.64%	9.60%	14.95%	69.03%	-16.45%	3.30%	13.70%	30.47%	-16.68%	10.20%	7.02%
costs and expenses:
cost of sales	32,800,000	35,000,000	41,000,000	42,000,000	27,000,000	3,000,000	47,000,000	46,000,000	35,000,000	36,000,000	43,000,000	41,000,000	29,000,000	31,000,000	32,000,000	31,000,000	22,000,000	20,000,000	23,000,000	19,000,000	12,000,000	13,000,000	13,000,000	10,000,000	19,000,000	21,000,000	25,000,000	27,000,000	21,000,000	19,000,000	23,000,000	24,000,000	20,000,000	16,000,000	20,000,000	20,000,000	17,000,000	16,000,000	19,000,000	20,000,000	16,000,000	12,000,000	16,000,000	16,000,000	13,000,000	12,000,000	11,000,000	9,000,000	8,000,000	4,579,000	5,207,000	4,284,000	3,644,000	3,538,000	2,876,000	2,926,000	2,734,000
marketing	177,600,000	174,000,000	227,000,000	218,000,000	172,000,000
personnel	129,600,000	133,000,000	147,000,000	149,000,000	144,000,000
technology	25,000,000	26,000,000	26,000,000	25,000,000	22,000,000
general and administrative	14,700,000	20,000,000	18,000,000	13,000,000	17,000,000	-70,000,000	51,000,000	56,000,000	56,000,000	47,000,000	49,000,000	47,000,000	48,000,000	58,000,000	45,000,000	28,000,000	40,000,000	46,000,000	37,000,000	46,000,000	38,000,000	44,000,000	35,000,000	43,000,000	52,000,000	49,000,000	51,000,000	45,000,000	42,000,000	48,000,000	40,000,000	46,000,000	42,000,000	42,000,000	42,000,000	38,000,000	35,000,000	33,000,000	38,000,000	34,000,000	37,000,000	96,000,000	37,000,000	44,000,000	33,000,000	34,000,000	36,000,000	32,000,000	26,000,000	25,580,000	24,556,000	25,552,000	22,433,000	21,079,000	20,056,000	18,252,000	16,254,000
depreciation and amortization	24,600,000	24,000,000	24,000,000	23,000,000	21,000,000	22,000,000	21,000,000	21,000,000	22,000,000	24,000,000	21,000,000	21,000,000	21,000,000	24,000,000	23,000,000	25,000,000	25,000,000	26,000,000	27,000,000	28,000,000	29,000,000	31,000,000	30,000,000	32,000,000
restructuring and other related reorganization costs	3,300,000	33,000,000			10,000,000	20,000,000	-1,000,000			4,000,000	18,000,000											-1,000,000		33,000,000
total costs and expenses	407,600,000	445,000,000	483,000,000	470,000,000	413,000,000	411,000,000	462,000,000	461,000,000	410,000,000	358,000,000	469,000,000	450,000,000	385,000,000	366,000,000	389,000,000	354,000,000	282,000,000	191,000,000	287,000,000	270,000,000	207,000,000					312,000,000	360,000,000							312,000,000	397,000,000							334,000,000	327,000,000							184,210,000	171,442,000	152,819,000	141,616,000	122,401,000	120,461,000	113,470,000	110,338,000
operating income	-25,200,000	-34,000,000	70,000,000	59,000,000	-15,000,000		70,000,000	36,000,000	-15,000,000	32,000,000	64,000,000	44,000,000	-14,000,000	-12,000,000	70,000,000	63,000,000	-20,000,000	-28,000,000	16,000,000	-35,000,000	-84,000,000	-92,000,000	-46,000,000	-164,000,000	-27,000,000	23,000,000	68,000,000	66,000,000	31,000,000	23,000,000	89,000,000	49,000,000	23,000,000	9,000,000	42,000,000	46,000,000	27,000,000	10,000,000	66,000,000	48,000,000	42,000,000	-25,000,000	88,000,000	79,000,000	90,000,000	60,000,000	84,000,000	100,000,000	96,000,000	28,459,000	83,694,000	94,118,000	88,303,000	46,992,000	92,249,000	83,678,000	73,377,000
yoy	68.00%		0.00%	63.89%	0.00%		9.38%	-18.18%	7.14%	-366.67%	-8.57%	-30.16%	-30.00%	-57.14%	337.50%	-280.00%	-76.19%	-69.57%	-134.78%	-78.66%	211.11%	-500.00%	-167.65%	-348.48%	-187.10%	0.00%	-23.60%	34.69%	34.78%	155.56%	111.90%	6.52%	-14.81%	-10.00%	-36.36%	-4.17%	-35.71%	-140.00%	-25.00%	-39.24%	-53.33%	-141.67%	4.76%	-21.00%	-6.25%	110.83%	0.37%	6.25%	8.72%	-39.44%	-9.27%	12.48%	20.34%
qoq	-25.88%	-148.57%	18.64%	-493.33%			94.44%	-340.00%	-146.88%	-50.00%	45.45%	-414.29%	16.67%	-117.14%	11.11%	-415.00%	-28.57%	-275.00%	-145.71%	-58.33%	-8.70%	100.00%	-71.95%	507.41%	-217.39%	-66.18%	3.03%	112.90%	34.78%	-74.16%	81.63%	113.04%	155.56%	-78.57%	-8.70%	70.37%	170.00%	-84.85%	37.50%	14.29%	-268.00%	-128.41%	11.39%	-12.22%	50.00%	-28.57%	-16.00%	4.17%	237.33%	-66.00%	-11.08%	6.59%	87.91%	-49.06%	10.24%	14.04%
operating margin %	-6.59%	-8.27%	12.66%	11.15%	-3.77%	0%	13.16%	7.24%	-3.80%	8.21%	12.01%	8.91%	-3.77%	-3.39%	15.25%	15.11%	-7.63%	-11.62%	5.28%	-14.89%	-68.29%	-79.31%	-30.46%	-277.97%	-9.71%	6.87%	15.89%	15.64%	8.24%	6.65%	19.43%	11.32%	6.08%	2.80%	9.57%	10.85%	7.26%	3.16%	15.68%	12.28%	11.93%	-8.09%	21.20%	19.51%	24.79%	20.83%	23.73%	30.96%	34.16%	17.12%	42.06%	48.86%	52.12%	36.19%	59.20%	59.17%	55.54%
other income:
interest expense	-15,700,000	-16,000,000	-17,000,000	-17,000,000	-12,000,000	-11,000,000	-13,000,000	-11,000,000	-11,000,000	-11,000,000	-11,000,000	-11,000,000	-11,000,000	-11,000,000	-11,000,000	-11,000,000	-12,000,000	-11,000,000	-12,000,000	-11,000,000	-11,000,000	-13,000,000	-13,000,000	-7,000,000	-2,000,000	-2,000,000	-2,000,000	-2,000,000	-2,000,000	-2,000,000	-4,000,000	-3,000,000	-3,000,000	-4,000,000	-4,000,000	-4,000,000	-3,000,000	-2,000,000	-3,000,000	-3,000,000	-4,000,000	-3,000,000	-3,000,000	-2,000,000	-2,000,000	-3,000,000	-2,000,000	-2,000,000	-2,000,000	-2,199,000	-2,562,000	-2,066,000
interest income	7,900,000	9,000,000	10,000,000	10,000,000	10,000,000	10,000,000	13,000,000	13,000,000	13,000,000	12,000,000	13,000,000	12,000,000	11,000,000	8,000,000	4,000,000								1,000,000	1,000,000	1,000,000																									422,000	475,000		-2,406,000	-2,728,000	-2,806,000
other income	1,400,000	-4,000,000		-5,000,000	-3,000,000		-4,000,000		-3,000,000	-1,000,000	-2,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000			-8,000,000	-1,000,000		-1,000,000	1,000,000		-9,000,000	1,000,000
total other income	-6,400,000	-11,000,000	-7,000,000	-12,000,000	-5,000,000	-1,000,000	-4,000,000	2,000,000	-1,000,000				-1,000,000	-4,000,000	-8,000,000	-10,000,000	-13,000,000	-19,000,000	-13,000,000	-11,000,000	-12,000,000	-12,000,000	-12,000,000	-15,000,000		-2,000,000	5,000,000	2,000,000	2,000,000		-2,000,000	-7,000,000		-6,000,000	-4,000,000	-2,000,000		-5,000,000	-3,000,000	-3,000,000	-4,000,000	-1,000,000	10,000,000	3,000,000	-4,000,000	-5,000,000	-9,000,000	-2,000,000	-2,000,000	-1,718,000	-71,000	-4,216,000	-3,867,000	-3,702,000	-1,439,000	-6,944,000	-2,236,000
income before income taxes	-31,600,000	-45,000,000	63,000,000	47,000,000	-20,000,000	-1,000,000	66,000,000	38,000,000	-16,000,000	32,000,000	64,000,000	44,000,000	-15,000,000	-16,000,000	62,000,000	53,000,000	-33,000,000	-47,000,000	3,000,000	-46,000,000	-96,000,000	-104,000,000	-58,000,000	-179,000,000	-27,000,000	21,000,000	73,000,000	68,000,000	33,000,000	23,000,000	87,000,000	42,000,000	21,000,000	3,000,000	38,000,000	44,000,000	25,000,000	5,000,000	63,000,000	45,000,000	38,000,000	-26,000,000	98,000,000	82,000,000	86,000,000	55,000,000	75,000,000	98,000,000	94,000,000	26,741,000	83,623,000	89,902,000	84,436,000	43,290,000	90,810,000	76,734,000	71,141,000
benefit for income taxes	-800,000	7,000,000	-10,000,000	-11,000,000	9,000,000	2,000,000	-27,000,000	-14,000,000	-43,000,000		-37,000,000	-20,000,000	-58,000,000	14,000,000	-37,000,000	-22,000,000	-1,000,000	18,000,000	-2,000,000	6,000,000	16,000,000	32,000,000	10,000,000	26,000,000	11,000,000
net income	-32,400,000	-38,000,000	53,000,000	36,000,000	-11,000,000	1,000,000	39,000,000	24,000,000	-59,000,000	32,000,000	27,000,000	24,000,000	-73,000,000	-2,000,000	25,000,000	31,000,000	-34,000,000	-29,000,000	1,000,000	-40,000,000	-80,000,000	-72,000,000	-48,000,000	-153,000,000	-16,000,000	16,000,000	50,000,000	34,000,000	26,000,000	8,000,000	69,000,000	32,000,000	5,000,000	-84,000,000	25,000,000	27,000,000	13,000,000	1,000,000	55,000,000	34,000,000	27,000,000	3,000,000	74,000,000	58,000,000	63,000,000	36,000,000	54,000,000	68,000,000	68,000,000	20,274,000	55,882,000	66,988,000	62,299,000	33,717,000	59,535,000	53,165,000	48,171,000
yoy	194.55%	-3900.00%	35.90%	50.00%	-81.36%	-96.88%	44.44%	0.00%	-19.18%	-1700.00%	8.00%	-22.58%	114.71%	-93.10%	2400.00%	-177.50%	-57.50%	-59.72%	-102.08%	-73.86%	400.00%	-550.00%	-196.00%	-550.00%	-161.54%	100.00%	-27.54%	6.25%	420.00%	-109.52%	176.00%	18.52%	-61.54%	-8500.00%	-54.55%	-20.59%	-51.85%	-66.67%	-25.68%	-41.38%	-57.14%	-91.67%	37.04%	-14.71%	-7.35%	77.57%	-3.37%	1.51%	9.15%	-39.87%	-6.14%	26.00%	29.33%
qoq	-14.74%	-171.70%	47.22%	-427.27%	-1200.00%	-97.44%	62.50%	-140.68%	-284.38%	18.52%	12.50%	-132.88%	3550.00%	-108.00%	-19.35%	-191.18%	17.24%	-3000.00%	-102.50%	-50.00%	11.11%	50.00%	-68.63%	856.25%	-200.00%	-68.00%	47.06%	30.77%	225.00%	-88.41%	115.63%	540.00%	-105.95%	-436.00%	-7.41%	107.69%	1200.00%	-98.18%	61.76%	25.93%	800.00%	-95.95%	27.59%	-7.94%	75.00%	-33.33%	-20.59%	0.00%	235.40%	-63.72%	-16.58%	7.53%	84.77%	-43.37%	11.98%	10.37%
net income margin %	-8.47%	-9.25%	9.58%	6.81%	-2.76%	0.24%	7.33%	4.83%	-14.94%	8.21%	5.07%	4.86%	-19.68%	-0.56%	5.45%	7.43%	-12.98%	-12.03%	0.33%	-17.02%	-65.04%	-62.07%	-31.79%	-259.32%	-5.76%	4.78%	11.68%	8.06%	6.91%	2.31%	15.07%	7.39%	1.32%	-26.17%	5.69%	6.37%	3.49%	0.32%	13.06%	8.70%	7.67%	0.97%	17.83%	14.32%	17.36%	12.50%	15.25%	21.05%	24.20%	12.20%	28.09%	34.78%	36.77%	25.97%	38.20%	37.60%	36.46%
earnings per share attributable to common stockholders
basic	-0.28	-0.29	0.46	0.29	-0.08	0.01	0.28	0.17	-0.43	0.23	0.2	0.17	-0.52	-0.02	0.18	0.22	-0.24	-0.21	0.01	-0.29	-0.59	-0.53	-0.36	-1.14	-0.12	0.12	0.36	0.24	0.19	0.06	0.5	0.23	0.04	-0.6	0.18	0.19	0.09	0.01	0.38	0.23	0.19	0.03	0.51	0.4	0.44	0.25	0.38	0.48	0.48	0.15	0.39	0.47	0.44	0.23	0.42	0.38	0.36
diluted	-0.28	-0.28	0.43	0.28	-0.08	0.01	0.27	0.17	-0.43	0.24	0.19	0.17	-0.52	-0.01	0.17	0.21	-0.24	-0.21	0.01	-0.29	-0.59	-0.53	-0.36	-1.14	-0.12	0.11	0.36	0.24	0.18	0.06	0.49	0.23	0.04	-0.6	0.18	0.19	0.09	0.01	0.37	0.23	0.18	0.02	0.51	0.4	0.43	0.25	0.37	0.47	0.47	0.14	0.38	0.46	0.43	0.23	0.41	0.37	0.35
weighted-average common shares outstanding
basic	115.4	125	116	125	141	139	139	139	138	139	138	140	141	140	140	140	139	137	138	137	136	135	134	134	136	139	139	139	138	138	138	138	139	140	139	140	144	145	146	146	145	144	144	144	143	143	143	143	142	142,854	142,690	143,531	143,063	139,462	142,342	139,278	133,754
diluted	115.4	131	124	130	141	145	144	145	138	145	143	145	141	146	146	145	139	137	144	137	136	135	134	134	136	141	140	141	141	140	141	140	140	140	139	141	145	147	147	147	147	146	146	146	146	146	146	146	146	145,263	145,454	145,664	144,655	141,341	143,657	141,737	136,158
numerator used to compute net income per share attributable to common stockholders
basic		-38	53	36		1	39
diluted		-38	53	36		1	39
selling and marketing						188,750,000	271,000,000	263,000,000	221,000,000	179,000,000	272,000,000	270,000,000	219,000,000	193,000,000	234,000,000	217,000,000	141,000,000	126,000,000	148,000,000	123,000,000	73,000,000	67,000,000	70,000,000	54,000,000	129,000,000	138,000,000	176,000,000	180,000,000	178,000,000	157,000,000	206,000,000	217,000,000	198,000,000	166,000,000	247,000,000	229,000,000	207,000,000	172,000,000	210,000,000	202,000,000	172,000,000	146,000,000	197,000,000	192,000,000	157,000,000	115,000,000	159,000,000	127,000,000	101,000,000	108,284,000	98,204,000	82,574,000	79,291,000	66,960,000	67,647,000	64,243,000	67,389,000
technology and content						56,000,000	73,000,000	75,000,000	76,000,000	68,000,000	66,000,000	71,000,000	68,000,000	60,000,000	55,000,000	53,000,000	54,000,000	51,000,000	52,000,000	54,000,000	55,000,000	54,000,000	46,000,000	51,000,000	73,000,000	70,000,000	76,000,000	74,000,000	73,000,000	68,000,000	72,000,000	68,000,000	67,000,000	59,000,000	61,000,000	64,000,000	59,000,000	58,000,000	62,000,000	62,000,000	61,000,000	55,000,000	54,000,000	50,000,000	49,000,000	46,000,000	46,000,000	41,000,000	38,000,000	35,557,000	34,398,000	31,903,000	28,815,000	23,690,000	23,535,000	21,574,000	17,841,000
includes stock-based compensation expense as follows
interest income and other																1,000,000	-1,000,000									3,500,000	7,000,000	4,000,000	4,000,000		2,000,000	-4,000,000	1,000,000	-2,000,000		2,000,000	1,000,000					2,000,000	13,000,000	5,000,000	-2,000,000	-2,000,000	-7,000,000
impairment of goodwill																							3,000,000
excludes amortization as follows:
amortization of acquired technology included in amortization of intangible assets																		0.5	1	1	1	0.5	1	1	1	3	3	2	2	2	2	2	2	2	2	2	2	2	2	1	2	1.75	2	3	2
amortization of website development costs included in depreciation																		12	16	16	16	17	16	17	17	16	15	15	16	15	14	15	15	15	14	13	12	13	12	11	11	10	8	10	9	9	8	7	6	3,435.25	4,954	4,630	4,157	2,230.75	3,231	2,979	2,713
excludes amortization as follows: - sum																				17	17	13	17	18	18	13.5	18	17	18	12.5	16	17	17	11.25	16	15	14
total costs and expenses:																						208,000,000	197,000,000	223,000,000	305,000,000			356,000,000	345,000,000	277,250,000	369,000,000	384,000,000	355,000,000			378,000,000	345,000,000	252,000,000	355,000,000	343,000,000	310,000,000			326,000,000	273,000,000	228,000,000	270,000,000	223,000,000	185,000,000
depreciation																									25,000,000	24,000,000	23,000,000	23,000,000	23,000,000	21,000,000	20,000,000	21,000,000	20,000,000	22,000,000	19,000,000	19,000,000	19,000,000	18,000,000	18,000,000	17,000,000	16,000,000	15,000,000	13,000,000	15,000,000	14,000,000	14,000,000	12,000,000	11,000,000	10,000,000	8,661,000	7,634,000	6,876,000	6,324,000	5,933,000	5,037,000	4,715,000	4,281,000
amortization of intangible assets																									7,000,000	10,000,000	9,000,000	7,000,000	8,000,000	10,000,000	8,000,000	8,000,000	8,000,000	7,000,000	8,000,000	8,000,000	8,000,000	9,000,000	8,000,000	8,000,000	8,000,000	10,000,000	10,000,000	9,000,000	7,000,000	7,000,000	6,000,000	3,000,000	2,000,000	1,549,000	1,443,000	1,630,000	1,109,000	1,201,000	1,310,000	1,760,000	1,839,000
provision for income taxes																										-5,000,000	-23,000,000	-34,000,000	-7,000,000	-15,000,000	-18,000,000	-10,000,000	-16,000,000	-87,000,000	-13,000,000	-17,000,000	-12,000,000
total other expense																																	-2,000,000				-2,000,000
includes stock-based compensation expense as follows:
benefit from income taxes																																						-6,750,000	-8,000,000	-11,000,000	-11,000,000	29,000,000	-24,000,000	-24,000,000	-23,000,000	-19,000,000	-21,000,000	-30,000,000	-26,000,000	-6,467,000	-27,741,000	-22,914,000	-22,137,000	-9,573,000	-31,275,000	-23,569,000	-22,970,000
excludes amortization expense as follows:
includes stock-based compensation as follows:
amortization of acquired technology included in amortization of intangibles																																														2	1			164	245	255	147	136.75	183	182	182
related-party revenue from expedia																																																		42,750,000	56,167,000	54,322,000	60,511,000	39,548,000	56,875,000	55,740,000	51,588,000
total revenue																																																		212,669,000	255,136,000	246,937,000	229,919,000	169,393,000	212,710,000	197,148,000	183,715,000
other																																																		59,000	2,016,000	-2,150,000	-1,461,000	-974,000	1,367,000	-4,539,000	696,000
net (income) loss attributable to noncontrolling interests																																																						-95,250	-175,000
net income attributable to tripadvisor, inc.																																																		20,274,000	55,882,000	66,988,000	62,299,000	33,579,000	59,360,000	53,019,000	48,111,000
earnings per share attributable to tripadvisor, inc.:
basic	-0.28	-0.29	0.46	0.29	-0.08	0.01	0.28	0.17	-0.43	0.23	0.2	0.17	-0.52	-0.02	0.18	0.22	-0.24	-0.21	0.01	-0.29	-0.59	-0.53	-0.36	-1.14	-0.12	0.12	0.36	0.24	0.19	0.06	0.5	0.23	0.04	-0.6	0.18	0.19	0.09	0.01	0.38	0.23	0.19	0.03	0.51	0.4	0.44	0.25	0.38	0.48	0.48	0.15	0.39	0.47	0.44	0.23	0.42	0.38	0.36
diluted	-0.28	-0.28	0.43	0.28	-0.08	0.01	0.27	0.17	-0.43	0.24	0.19	0.17	-0.52	-0.01	0.17	0.21	-0.24	-0.21	0.01	-0.29	-0.59	-0.53	-0.36	-1.14	-0.12	0.11	0.36	0.24	0.18	0.06	0.49	0.23	0.04	-0.6	0.18	0.19	0.09	0.01	0.37	0.23	0.18	0.02	0.51	0.4	0.43	0.25	0.37	0.47	0.47	0.14	0.38	0.46	0.43	0.23	0.41	0.37	0.35
weighted-average common shares outstanding:
basic	115.4	125	116	125	141	139	139	139	138	139	138	140	141	140	140	140	139	137	138	137	136	135	134	134	136	139	139	139	138	138	138	138	139	140	139	140	144	145	146	146	145	144	144	144	143	143	143	143	142	142,854	142,690	143,531	143,063	139,462	142,342	139,278	133,754
diluted	115.4	131	124	130	141	145	144	145	138	145	143	145	141	146	146	145	139	137	144	137	136	135	134	134	136	141	140	141	141	140	141	140	140	140	139	141	145	147	147	147	147	146	146	146	146	146	146	146	146	145,263	145,454	145,664	144,655	141,341	143,657	141,737	136,158
related-party shared services fee to expedia
spin-off costs
other interest income																																																								-2,405,000	-2,932,000
net income attributable to noncontrolling interests																																																								-146,000
net income attributable to noncontrolling interest																																																									-60,000
earnings per share attributable to tripadvisor, inc:
basic	-0.28	-0.29	0.46	0.29	-0.08	0.01	0.28	0.17	-0.43	0.23	0.2	0.17	-0.52	-0.02	0.18	0.22	-0.24	-0.21	0.01	-0.29	-0.59	-0.53	-0.36	-1.14	-0.12	0.12	0.36	0.24	0.19	0.06	0.5	0.23	0.04	-0.6	0.18	0.19	0.09	0.01	0.38	0.23	0.19	0.03	0.51	0.4	0.44	0.25	0.38	0.48	0.48	0.15	0.39	0.47	0.44	0.23	0.42	0.38	0.36
diluted	-0.28	-0.28	0.43	0.28	-0.08	0.01	0.27	0.17	-0.43	0.24	0.19	0.17	-0.52	-0.01	0.17	0.21	-0.24	-0.21	0.01	-0.29	-0.59	-0.53	-0.36	-1.14	-0.12	0.11	0.36	0.24	0.18	0.06	0.49	0.23	0.04	-0.6	0.18	0.19	0.09	0.01	0.37	0.23	0.18	0.02	0.51	0.4	0.43	0.25	0.37	0.47	0.47	0.14	0.38	0.46	0.43	0.23	0.41	0.37	0.35

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31

assets
current assets:
cash and cash equivalents	1,120,400,000	1,035,000,000	1,218,000,000	1,212,000,000	1,154,000,000	1,064,000,000	1,112,000,000	1,176,000,000	1,171,000,000	1,067,000,000	1,124,000,000	1,141,000,000	1,132,000,000	1,021,000,000	1,066,000,000	1,045,000,000	781,000,000	723,000,000	682,000,000	775,000,000	674,000,000	418,000,000	446,000,000	698,000,000	798,000,000	319,000,000	838,000,000	901,000,000	771,000,000	655,000,000	663,000,000	666,000,000	635,000,000	673,000,000	750,000,000	887,000,000	731,000,000	612,000,000	611,000,000	766,000,000	653,000,000	614,000,000	567,000,000	583,000,000	505,000,000	455,000,000	491,000,000	587,000,000	319,000,000	351,148,000	276,358,000	200,058,000	211,867,000	367,515,000	548,372,000	478,241,000	208,625,000	183,532,000
accounts receivable	225,000,000	209,000,000	258,000,000	284,000,000	263,000,000	207,000,000	243,000,000	253,000,000	248,000,000	192,000,000	234,000,000	240,000,000	210,000,000	205,000,000	205,000,000	246,000,000	180,000,000	142,000,000	198,000,000	159,000,000	97,000,000	83,000,000	91,000,000	74,000,000	159,000,000	183,000,000	218,000,000	270,000,000	236,000,000	212,000,000	237,000,000	300,000,000	281,000,000	230,000,000	254,000,000	252,000,000	232,000,000	189,000,000	221,000,000	230,000,000	244,000,000	180,000,000	224,000,000	243,000,000	229,000,000	151,000,000	180,000,000	185,000,000	151,000,000	97,034,000	111,138,000	137,981,000	113,319,000	81,459,000	103,080,000	96,873,000	98,584,000	67,936,000
prepaid expenses and other current assets	61,400,000	47,000,000	48,000,000	51,000,000	67,000,000	49,000,000	62,000,000	65,000,000	48,000,000	38,000,000	43,000,000	46,000,000	49,000,000	44,000,000	38,000,000	34,000,000	33,000,000	26,000,000	28,000,000	25,000,000	24,000,000	22,000,000	26,000,000	26,000,000	29,000,000	31,000,000	30,000,000	35,000,000	35,000,000	33,000,000	26,000,000	62,000,000	52,000,000	25,000,000	25,000,000	24,000,000	25,000,000	31,000,000	18,000,000	24,000,000	28,000,000	24,000,000	33,000,000	34,000,000	42,000,000	33,000,000	36,000,000	32,000,000	16,000,000	16,214,000	13,989,000	17,059,000	11,276,000	10,365,000	8,934,000	8,655,000	8,158,000	6,279,000
total current assets	1,406,800,000	1,291,000,000	1,524,000,000	1,547,000,000	1,484,000,000	1,320,000,000	1,463,000,000	1,539,000,000	1,511,000,000	1,297,000,000	1,401,000,000	1,478,000,000	1,439,000,000	1,270,000,000	1,309,000,000	1,337,000,000	1,043,000,000	940,000,000	960,000,000	1,006,000,000	845,000,000	573,000,000	613,000,000	853,000,000	1,012,000,000	533,000,000	1,181,000,000	1,271,000,000	1,082,000,000	915,000,000	926,000,000	1,040,000,000	983,000,000	993,000,000	1,042,000,000	1,180,000,000	1,003,000,000	950,000,000	966,000,000	1,107,000,000	964,000,000	865,000,000	943,000,000	1,012,000,000	894,000,000	747,000,000	792,000,000	855,000,000	645,000,000	630,285,000	647,752,000	611,472,000	583,824,000	632,494,000	699,583,000	630,421,000	355,321,000	278,322,000
property and equipment	204,300,000	210,000,000	213,000,000	214,000,000	204,000,000	200,000,000	197,000,000	189,000,000	189,000,000	191,000,000	193,000,000	194,000,000	194,000,000	194,000,000	195,000,000	201,000,000	209,000,000	215,000,000	220,000,000	225,000,000	229,000,000	240,000,000	250,000,000	259,000,000	268,000,000	270,000,000	265,000,000	262,000,000	257,000,000	253,000,000	256,000,000	258,000,000	261,000,000	263,000,000	266,000,000	266,000,000	262,000,000	260,000,000	262,000,000	256,000,000	252,000,000	247,000,000	247,000,000	247,000,000	226,000,000	195,000,000	161,000,000	141,000,000	114,000,000	81,528,000	64,551,000	54,601,000	46,742,000	43,802,000	41,133,000	38,828,000	37,760,000	34,754,000
operating lease right-of-use assets	33,500,000	35,000,000	36,000,000	38,000,000	34,000,000	17,000,000	18,000,000	19,000,000	21,000,000	15,000,000	18,000,000	22,000,000	24,000,000	27,000,000	28,000,000	33,000,000	39,000,000	42,000,000	43,000,000	46,000,000	50,000,000	54,000,000	60,000,000	63,000,000	67,000,000	74,000,000	76,000,000	75,000,000	73,000,000
intangible assets, net of accumulated amortization of 198.8 and 199.6, respectively	32,900,000
goodwill	840,100,000	844,000,000	843,000,000	843,000,000	825,000,000	814,000,000	834,000,000	822,000,000	822,000,000	829,000,000	817,000,000	824,000,000	825,000,000	822,000,000	803,000,000	820,000,000	839,000,000	843,000,000	846,000,000	855,000,000	852,000,000	862,000,000	843,000,000	837,000,000	826,000,000	840,000,000	746,000,000	754,000,000	754,000,000	756,000,000	760,000,000	763,000,000	763,000,000	758,000,000	756,000,000	750,000,000	741,000,000	736,000,000	744,000,000	733,000,000	737,000,000	732,000,000	735,000,000	743,000,000	720,000,000	734,000,000	728,000,000	607,000,000	502,000,000	501,984,000	500,686,000	502,015,000	469,373,000	471,684,000	468,685,000	467,088,000	468,167,000	466,892,000
non-marketable investments	27,600,000	28,000,000	28,000,000	29,000,000	30,000,000	30,000,000	31,000,000	31,000,000	32,000,000	32,000,000	32,000,000	33,000,000	33,000,000	34,000,000	34,000,000	35,000,000	36,000,000	36,000,000	38,000,000	38,000,000	39,000,000	40,000,000	40,000,000	41,000,000	54,000,000	55,000,000
deferred income taxes	134,500,000	137,000,000	123,000,000	116,000,000	100,000,000	101,000,000	110,000,000	95,000,000	78,000,000	86,000,000	86,000,000	87,000,000	70,000,000	78,000,000	51,000,000	40,000,000	54,000,000	54,000,000	37,000,000	39,000,000	33,000,000	10,000,000	5,000,000	6,000,000	7,000,000	7,000,000	2,000,000	1,000,000	20,000,000	27,000,000	28,000,000	21,000,000	18,000,000	16,000,000	58,000,000	47,000,000	37,000,000	42,000,000	44,000,000	18,000,000	16,000,000	15,000,000	42,000,000	49,000,000	39,000,000	39,000,000	49,000,000	28,000,000	5,000,000	4,550,000	5,795,000	7,026,000	5,937,000	5,971,000	6,648,000	6,494,000	6,496,000	6,494,000
other long-term assets, net of allowance for expected credit losses of 10.0 and 10.0, respectively	45,800,000
total assets	2,725,500,000	2,625,000,000	2,845,000,000	2,867,000,000	2,756,000,000	2,561,000,000	2,733,000,000	2,779,000,000	2,738,000,000	2,537,000,000	2,636,000,000	2,734,000,000	2,684,000,000	2,569,000,000	2,565,000,000	2,612,000,000	2,372,000,000	2,289,000,000	2,312,000,000	2,387,000,000	2,232,000,000	1,969,000,000	1,996,000,000	2,249,000,000	2,427,000,000	1,984,000,000	2,468,000,000	2,566,000,000	2,395,000,000	2,167,000,000	2,192,000,000	2,304,000,000	2,240,000,000	2,272,000,000	2,348,000,000	2,472,000,000	2,274,000,000	2,238,000,000	2,277,000,000	2,385,000,000	2,214,000,000	2,128,000,000	2,198,000,000	2,277,000,000	2,094,000,000	1,959,000,000	1,956,000,000	1,831,000,000	1,615,000,000	1,473,014,000	1,448,153,000	1,455,585,000	1,341,678,000	1,299,194,000	1,259,283,000	1,187,253,000	914,428,000	835,886,000
liabilities and stockholders' equity
current liabilities:
accounts payable	61,500,000	23,000,000	65,000,000	80,000,000	61,000,000	49,000,000	75,000,000	39,000,000	60,000,000	28,000,000	70,000,000	47,000,000	34,000,000	39,000,000	67,000,000	50,000,000	12,000,000	27,000,000	22,000,000	15,000,000	13,000,000	18,000,000	14,000,000	13,000,000	34,000,000	11,000,000	16,000,000	13,000,000	11,000,000	15,000,000	22,000,000	10,000,000	7,000,000	8,000,000	15,000,000	7,000,000	12,000,000	14,000,000	11,000,000	25,000,000	15,000,000	10,000,000	17,000,000	38,000,000	26,000,000	19,000,000	18,000,000	27,000,000	11,000,000	9,869,000	11,985,000	9,153,000	10,758,000	14,099,000	20,421,000	28,405,000	23,806,000	12,097,000
deferred merchant payables	405,700,000	308,000,000	393,000,000	473,000,000	365,000,000	255,000,000	348,000,000	444,000,000	353,000,000	237,000,000	329,000,000	435,000,000	311,000,000	203,000,000	240,000,000	323,000,000	197,000,000	113,000,000	123,000,000	173,000,000	71,000,000	36,000,000	38,000,000	57,000,000	71,000,000	159,000,000	196,000,000	346,000,000	263,000,000	164,000,000	204,000,000	354,000,000	269,000,000	156,000,000	203,000,000	344,000,000	218,000,000	128,000,000	152,000,000	288,000,000	179,000,000	105,000,000	142,000,000	242,000,000	148,000,000	93,000,000	115,000,000	109,000,000	63,000,000	29,612,000	28,596,000	31,251,000
deferred revenue	86,400,000	53,000,000	65,000,000	85,000,000	82,000,000	47,000,000	61,000,000	86,000,000	82,000,000	49,000,000	64,000,000	87,000,000	81,000,000	44,000,000	51,000,000	70,000,000	59,000,000	36,000,000	39,000,000	49,000,000	38,000,000	28,000,000	31,000,000	38,000,000	60,000,000	62,000,000	72,000,000	98,000,000	101,000,000	63,000,000	73,000,000	104,000,000	101,000,000	60,000,000	65,000,000	90,000,000	87,000,000	64,000,000	69,000,000	97,000,000	93,000,000	64,000,000	67,000,000	88,000,000	77,000,000	57,000,000	60,000,000	61,000,000	58,000,000	43,970,000	44,087,000	42,416,000	35,202,000	31,563,000	30,014,000	26,970,000	27,014,000	19,395,000
current portion of debt	353,500,000	353,000,000	353,000,000	353,000,000	9,000,000	5,000,000	5,000,000																										7,000,000	7,000,000	7,000,000	7,000,000	7,000,000	80,000,000	76,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000
income taxes payable	6,300,000	12,000,000	27,000,000	21,000,000	25,000,000	23,000,000	52,000,000	43,000,000	161,000,000		26,000,000	26,000,000	126,000,000																					5,000,000
accrued expenses and other current liabilities	212,800,000	249,000,000	247,000,000	237,000,000	241,000,000	249,000,000	251,000,000	304,000,000	236,000,000	258,000,000	230,000,000	259,000,000	211,000,000	247,000,000	215,000,000	213,000,000	199,000,000	181,000,000	179,000,000	207,000,000	155,000,000	160,000,000	148,000,000	141,000,000	146,000,000	203,000,000	184,000,000	181,000,000	155,000,000	151,000,000	154,000,000	163,000,000	150,000,000	136,000,000	128,000,000	165,000,000	122,000,000	127,000,000	126,000,000	153,000,000	134,000,000	123,000,000	129,000,000	148,000,000	115,000,000	114,000,000	134,000,000	105,000,000	81,000,000	85,534,000	95,168,000	81,840,000	55,792,000	63,236,000	47,662,000	45,479,000	37,520,000	34,938,000
total current liabilities	1,126,200,000	998,000,000	1,150,000,000	1,249,000,000	783,000,000	628,000,000	792,000,000	916,000,000	892,000,000	572,000,000	719,000,000	854,000,000	763,000,000	533,000,000	573,000,000	656,000,000	467,000,000	357,000,000	363,000,000	444,000,000	277,000,000	242,000,000	231,000,000	249,000,000	311,000,000	435,000,000	468,000,000	638,000,000	530,000,000	393,000,000	453,000,000	631,000,000	534,000,000	372,000,000	422,000,000	621,000,000	452,000,000	423,000,000	450,000,000	575,000,000	432,000,000	312,000,000	356,000,000	522,000,000	452,000,000	381,000,000	417,000,000	386,000,000	293,000,000	242,889,000	256,811,000	241,299,000	174,453,000	195,640,000	177,525,000	169,844,000	157,416,000	130,393,000
long-term debt	817,500,000	819,000,000	821,000,000	822,000,000	1,167,000,000	831,000,000	832,000,000	841,000,000	840,000,000	839,000,000	839,000,000	838,000,000	837,000,000	836,000,000	836,000,000	835,000,000	834,000,000	833,000,000	832,000,000	832,000,000	831,000,000	491,000,000	490,000,000	700,000,000	700,000,000									230,000,000	265,000,000	260,000,000	210,000,000	91,000,000	20,000,000	91,000,000	110,000,000	200,000,000	287,000,000	287,000,000
finance lease obligation, net of current portion	33,500,000	36,000,000	38,000,000	40,000,000	42,000,000	43,000,000	46,000,000	47,000,000	49,000,000	51,000,000	53,000,000	55,000,000	56,000,000	58,000,000	60,000,000	61,000,000	63,000,000	65,000,000	66,000,000	68,000,000	70,000,000	71,000,000
operating lease liabilities, net of current portion	27,100,000	29,000,000	31,000,000	33,000,000	29,000,000	11,000,000	13,000,000	13,000,000	14,000,000	6,000,000	7,000,000	10,000,000	13,000,000	15,000,000	16,000,000	20,000,000	25,000,000	29,000,000	33,000,000	37,000,000	41,000,000	46,000,000
other long-term liabilities	96,400,000	97,000,000	97,000,000	95,000,000	91,000,000	104,000,000	105,000,000	104,000,000	117,000,000	197,000,000	194,000,000	195,000,000	206,000,000	265,000,000	266,000,000	243,000,000	215,000,000	215,000,000	222,000,000	225,000,000	226,000,000	223,000,000	357,000,000	375,000,000	373,000,000	380,000,000	344,000,000	341,000,000	336,000,000	282,000,000	277,000,000	307,000,000	300,000,000	293,000,000	228,000,000	222,000,000	215,000,000	210,000,000	207,000,000	196,000,000	192,000,000	189,000,000	187,000,000	178,000,000	174,000,000	154,000,000	134,000,000	111,000,000	73,000,000	52,531,000	42,275,000	34,263,000	30,005,000	25,563,000	15,070,000	15,669,000	16,196,000	15,952,000
total liabilities	2,101,800,000	1,980,000,000	2,138,000,000	2,240,000,000	2,113,000,000	1,618,000,000	1,789,000,000	1,922,000,000	1,913,000,000	1,666,000,000	1,813,000,000	1,953,000,000	1,876,000,000	1,708,000,000	1,752,000,000	1,816,000,000	1,605,000,000	1,500,000,000	1,518,000,000	1,608,000,000	1,447,000,000	1,083,000,000	1,088,000,000	1,337,000,000	1,400,000,000	823,000,000	820,000,000	991,000,000	888,000,000	696,000,000	750,000,000	957,000,000	850,000,000	909,000,000	931,000,000	1,118,000,000	890,000,000	736,000,000	697,000,000	880,000,000	750,000,000	716,000,000	872,000,000	1,036,000,000	915,000,000	834,000,000	870,000,000	805,000,000	671,000,000	608,534,000	619,347,000	603,626,000	541,416,000	572,226,000	555,994,000	560,285,000	559,718,000	542,349,000
commitments and contingencies
stockholders’ equity:
preferred stock, 0.001 par value
authorized shares: 100,000,000
shares issued and outstanding: 0 and 0
common stock	100,000
authorized shares: 1,600,000,000
shares issued: 122,399,761 and 120,577,305, respectively
shares outstanding: 116,294,499 and 114,472,043, respectively
additional paid-in capital	478,100,000	460,000,000	440,000,000	412,000,000	1,627,000,000	1,605,000,000	1,577,000,000	1,546,000,000	1,513,000,000	1,493,000,000	1,470,000,000	1,445,000,000	1,420,000,000	1,404,000,000	1,380,000,000	1,364,000,000	1,342,000,000	1,326,000,000	1,297,000,000	1,275,000,000	1,244,000,000	1,253,000,000	1,224,000,000	1,193,000,000	1,167,000,000	1,150,000,000	1,114,000,000	1,081,000,000	1,046,000,000	1,037,000,000	1,010,000,000	979,000,000	946,000,000	926,000,000	901,000,000	873,000,000	843,000,000	831,000,000	808,000,000	783,000,000	758,000,000	741,000,000	707,000,000	687,000,000	692,000,000	673,000,000	653,000,000	633,000,000	618,000,000	608,001,000	590,685,000	573,472,000	545,859,000	531,256,000	526,397,000	525,806,000	305,379,000	293,744,000
retained earnings	284,200,000	316,000,000	354,000,000	301,000,000	265,000,000	276,000,000	275,000,000	236,000,000	212,000,000	271,000,000	239,000,000	212,000,000	188,000,000	261,000,000	263,000,000	238,000,000	207,000,000	241,000,000	270,000,000	269,000,000	309,000,000	389,000,000	461,000,000	509,000,000	662,000,000	681,000,000	1,156,000,000	1,106,000,000	1,072,000,000	1,043,000,000	1,035,000,000	966,000,000	935,000,000	926,000,000	1,010,000,000	985,000,000	958,000,000	945,000,000	944,000,000	888,000,000	853,000,000	826,000,000	823,000,000	749,000,000	691,000,000	628,000,000	592,000,000	538,000,000	470,000,000	401,881,000	381,607,000	325,725,000	258,737,000	196,438,000	162,859,000	103,499,000	50,480,000	2,369,000
accumulated other comprehensive income	-48,500,000	-41,000,000	-47,000,000	-46,000,000	-75,000,000	-91,000,000	-61,000,000	-78,000,000	-78,000,000	-71,000,000	-89,000,000	-79,000,000	-78,000,000	-82,000,000	-108,000,000	-84,000,000	-60,000,000	-56,000,000	-51,000,000																														1,000,000
treasury stock	-90,200,000	-90,000,000	-40,000,000	-40,000,000	-847,000,000	-847,000,000	-847,000,000	-847,000,000	-822,000,000	-822,000,000	-797,000,000	-797,000,000	-722,000,000	-722,000,000	-722,000,000	-722,000,000	-722,000,000	-722,000,000	-722,000,000																															-145,221,000	-142,322,000	-42,407,000
total stockholders’ equity	623,700,000	645,000,000	707,000,000	627,000,000	643,000,000	943,000,000	944,000,000	857,000,000	825,000,000	871,000,000	823,000,000	781,000,000	808,000,000	861,000,000	813,000,000	796,000,000	767,000,000	789,000,000	794,000,000	779,000,000	785,000,000	886,000,000	908,000,000	912,000,000	1,027,000,000	1,161,000,000	1,648,000,000	1,575,000,000	1,507,000,000	1,471,000,000	1,442,000,000	1,347,000,000	1,390,000,000	1,363,000,000	1,417,000,000	1,354,000,000	1,384,000,000	1,502,000,000	1,580,000,000	1,505,000,000	1,464,000,000	1,412,000,000	1,326,000,000	1,241,000,000	1,179,000,000	1,125,000,000	1,086,000,000	1,026,000,000	944,000,000	864,480,000	828,806,000	851,959,000	800,262,000	726,968,000	688,644,000	626,968,000	354,710,000	293,537,000
total liabilities and stockholders' equity	2,725,500,000	2,625,000,000	2,845,000,000	2,867,000,000	2,756,000,000	2,561,000,000	2,733,000,000	2,779,000,000	2,738,000,000	2,537,000,000	2,636,000,000	2,734,000,000	2,684,000,000	2,569,000,000	2,565,000,000	2,612,000,000	2,372,000,000	2,289,000,000	2,312,000,000	2,387,000,000	2,232,000,000	1,969,000,000	1,996,000,000	2,249,000,000	2,427,000,000	1,984,000,000	2,468,000,000	2,566,000,000	2,395,000,000	2,167,000,000	2,192,000,000	2,304,000,000	2,240,000,000	2,272,000,000	2,348,000,000	2,472,000,000	2,274,000,000	2,238,000,000	2,277,000,000	2,385,000,000	2,214,000,000	2,128,000,000	2,198,000,000	2,277,000,000	2,094,000,000	1,959,000,000	1,956,000,000	1,831,000,000	1,615,000,000
intangible assets		33,000,000				36,000,000				43,000,000				51,000,000				65,000,000				86,000,000				110,000,000				118,000,000				142,000,000				167,000,000				176,000,000	186,000,000	199,000,000	196,000,000	214,000,000	200,000,000	113,000,000	50,000,000	51,842,000	51,007,000	52,122,000	36,806,000	38,190,000	39,399,000	40,536,000	42,421,000	44,030,000
other long-term assets, net of allowance for credit losses of 10 and 10, respectively		47,000,000	44,000,000	45,000,000	44,000,000	43,000,000		45,000,000	45,000,000	44,000,000	44,000,000	49,000,000	50,000,000	93,000,000	90,000,000	88,000,000	90,000,000
shares issued and outstanding: 0 and 0, respectively
shares issued: 120,577,305 and 153,655,038, respectively
shares outstanding: 114,472,043 and 127,394,786, respectively
class b common stock																																																		13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000
authorized shares: 400,000,000
shares issued and outstanding: 0 and 12,799,999, respectively
intangible assets, net of accumulated amortization of 201 and 189, respectively			34,000,000	35,000,000
shares issued: 119,611,050 and 153,655,038, respectively
shares outstanding: 116,802,970 and 127,394,786, respectively
shares issued: 118,858,327 and 153,655,038, respectively
shares outstanding: 116,050,247 and 127,394,786, respectively
intangible assets, net of accumulated amortization of 193 and 189, respectively					35,000,000
shares issued: 155,266,930 and 153,655,038, respectively
shares outstanding: 129,006,678 and 127,394,786, respectively
shares issued and outstanding: 12,799,999 and 12,799,999, respectively
stockholder note receivable - related party					-327,000,000
shares issued: 153,655,038 and 149,775,361, respectively
shares outstanding: 127,394,786 and 124,881,494, respectively
income taxes receivable							46,000,000	45,000,000	44,000,000			51,000,000	48,000,000			12,000,000	49,000,000	49,000,000	52,000,000	47,000,000	50,000,000	50,000,000	50,000,000	55,000,000	26,000,000									30,000,000															12,000,000
intangible assets, net of accumulated amortization of 201 and 208, respectively							37,000,000
other long-term assets							43,000,000																		92,000,000	95,000,000	106,000,000	101,000,000	100,000,000	98,000,000	93,000,000	82,000,000	74,000,000	73,000,000	70,000,000	69,000,000	67,000,000	67,000,000	54,000,000	82,000,000	72,000,000	71,000,000	43,000,000	41,000,000	39,000,000	38,000,000	37,000,000	32,000,000	19,000,000	18,144,000	16,414,000	14,460,000	13,377,000	13,274,000	10,483,000	10,380,000	10,759,000	11,888,000
shares issued: 152,675,707 and 149,775,361, respectively
shares outstanding: 126,415,455 and 124,881,494, respectively
intangible assets, net of accumulated amortization of 204 and 208, respectively								39,000,000
shares issued: 152,027,428 and 149,775,361, respectively
shares outstanding: 125,767,176 and 124,881,494, respectively
intangible assets, net of accumulated amortization of 202 and 208, respectively									40,000,000
shares issued: 151,237,501 and 149,775,361, respectively
shares outstanding: 126,343,634 and 124,881,494, respectively
shares issued: 149,775,361 and 146,891,538, respectively
shares outstanding: 124,881,494 and 128,046,924, respectively
intangible assets, net of accumulated amortization of 202 and 198, respectively											45,000,000	47,000,000
shares issued: 149,181,201 and 146,891,538, respectively
shares outstanding: 125,611,858 and 128,046,924, respectively
shares issued: 148,642,645 and 146,891,538, respectively
shares outstanding: 125,073,302 and 128,046,924, respectively
intangible assets, net of accumulated amortization of 200 and 198, respectively													49,000,000
shares issued: 148,090,833 and 146,891,538, respectively
shares outstanding: 129,246,219 and 128,046,924, respectively
shares issued: 146,891,538 and 144,656,649, respectively
shares outstanding: 128,046,924 and 125,812,035, respectively
intangible assets, net of accumulated amortization of 197 and 202, respectively															55,000,000
shares issued: 146,591,387 and 144,656,649, respectively
shares outstanding: 127,746,773 and 125,812,035, respectively
intangible assets, net of accumulated amortization of 200 and 202, respectively																58,000,000
shares issued: 145,847,721 and 144,656,649, respectively
shares outstanding: 127,003,107 and 125,812,035, respectively
intangible assets, net of accumulated amortization of 204 and 202, respectively																	62,000,000
shares issued: 145,636,700 and 144,656,649, respectively
shares outstanding: 126,792,086 and 125,812,035, respectively
other long-term assets, net of allowance for credit losses of 10 and 5, respectively																		94,000,000
shares issued: 144,656,649 and 140,775,221, respectively
shares outstanding: 125,812,035 and 121,930,607, respectively
intangible assets, net of accumulated amortization of 215 and 206, respectively																			69,000,000
other long-term assets, net of allowance for credit losses of 5 and 5, respectively																			99,000,000	104,000,000	104,000,000
shares issued: 144,177,649 and 140,775,221, respectively
shares outstanding: 125,333,035 and 121,930,607, respectively
intangible assets, net of accumulated amortization of 214 and 206, respectively																				74,000,000
shares issued: 143,418,007 and 140,775,221, respectively
shares outstanding: 124,573,393 and 121,930,607, respectively
intangible assets, net of accumulated amortization of 208 and 206, respectively																					80,000,000
shares issued: 142,914,851 and 140,775,221, respectively
shares outstanding: 124,070,237 and 121,930,607, respectively
other long-term assets, net of allowance for credit losses of 5 and 0, respectively																						104,000,000	94,000,000	95,000,000
shares issued: 140,775,221 and 138,698,307, respectively
shares outstanding: 121,930,607 and 124,581,773, respectively
intangible assets, net of accumulated amortization of 194 and 173, respectively																							91,000,000
shares issued: 140,515,819 and 138,698,307, respectively
shares outstanding: 121,671,205 and 124,581,773, respectively
intangible assets, net of accumulated amortization of 184 and 173, respectively																								95,000,000
shares issued: 140,412,251 and 138,698,307, respectively
shares outstanding: 121,567,637 and 124,581,773, respectively
intangible assets, net of accumulated amortization of 176 and 173, respectively																									101,000,000
shares issued: 140,109,681 and 138,698,307, respectively
shares outstanding: 121,285,697 and 124,581,773, respectively
short-term marketable securities																											95,000,000	65,000,000	40,000,000	15,000,000		12,000,000	15,000,000	35,000,000	13,000,000	17,000,000	15,000,000	118,000,000	116,000,000	87,000,000	39,000,000	47,000,000	119,000,000	128,000,000	118,000,000	108,000,000	85,000,000	51,000,000	142,000,000	131,220,000	155,997,000	196,037,000	194,277,000	118,970,000
shares issued: 138,698,307 and 137,158,010, respectively
shares outstanding: 124,581,773 and 125,101,322, respectively
intangible assets, net of accumulated amortization of 160 and 140, respectively																											92,000,000
shares issued: 138,615,848 and 137,158,010, respectively
shares outstanding: 126,559,160 and 125,101,322, respectively
accumulated other comprehensive loss																																																		-325,000	-1,308,000	-4,975,000	-4,477,000	-869,000	-755,000	-2,479,000	-1,283,000	-2,710,000
intangible assets, net of accumulated amortization of 155 and 140, respectively																												102,000,000
shares issued: 138,525,158 and 137,158,010, respectively
shares outstanding: 126,468,470 and 125,101,322, respectively
intangible assets, net of accumulated amortization of 147 and 140, respectively																													109,000,000
shares issued: 138,256,630 and 137,158,010, respectively
shares outstanding: 126,199,942 and 125,101,322, respectively
long-term marketable securities																																2,000,000	5,000,000	27,000,000	6,000,000	4,000,000	3,000,000	16,000,000	29,000,000	38,000,000	17,000,000	37,000,000	44,000,000	35,000,000	19,000,000	31,000,000	38,000,000	83,000,000	284,000,000	188,338,000	163,525,000	219,865,000	190,878,000	99,248,000
shares issued: 137,158,010 and 135,617,263, respectively
shares outstanding: 125,101,322 and 126,142,773, respectively
intangible assets, net of accumulated amortization of 131 and 112, respectively																															129,000,000
shares issued: 136,869,883 and 135,617,263, respectively
shares outstanding: 124,813,195 and 126,142,773, respectively
intangible assets, net of accumulated amortization of 124 and 112, respectively																																138,000,000
shares issued: 136,778,032 and 135,617,263, respectively
shares outstanding: 124,721,344 and 126,142,773, respectively
intangible assets, net of accumulated amortization of 120 and 112, respectively																																	136,000,000
shares issued: 136,396,872 and 135,617,263, respectively
shares outstanding: 126,669,732 and 126,142,773, respectively
shares issued: 135,617,263 and 134,706,467, respectively
shares outstanding: 126,142,773 and 131,310,980, respectively
intangible assets, net of accumulated amortization of 107 and 80, respectively																																			150,000,000
taxes payable																																			4,000,000	8,000,000	6,000,000	10,000,000	16,000,000	11,000,000	10,000,000	9,000,000		5,000,000	6,000,000	20,000,000	14,000,000	11,000,000	9,000,000	5,443,000	10,798,000	12,006,000	11,392,000	14,597,000	14,945,000	14,629,000	24,449,000	17,229,000
shares issued: 135,510,995 and 134,706,467, respectively
shares outstanding: 126,036,505 and 131,310,980, respectively
intangible assets, net of accumulated amortization of 97 and 80, respectively																																				156,000,000
shares issued: 135,409,998 and 134,706,467, respectively
shares outstanding: 125,935,508 and 131,310,980, respectively
intangible assets, net of accumulated amortization of 87 and 80, respectively																																					161,000,000
shares issued: 135,318,415 and 134,706,467, respectively
shares outstanding: 128,393,005 and 131,310,980, respectively
shares issued: 134,706,467 and 133,836,242
shares outstanding: 131,310,980 and 132,443,111
shares issued and outstanding: 12,799,999 and 12,799,999
intangible assets, net of accumulated amortization of 77 and 52, respectively																																							178,000,000
shares issued: 134,565,714 and 133,836,242, respectively
shares outstanding: 132,822,184 and 132,443,111, respectively
intangible assets, net of accumulated amortization of 68 and 52, respectively																																								169,000,000
shares issued: 134,430,268 and 133,836,242, respectively
shares outstanding: 132,829,000 and 132,443,111, respectively
intangible assets, net of accumulated amortization of 61 and 52, respectively																																									172,000,000
shares issued: 134,295,396 and 133,836,242, respectively
shares outstanding: 132,878,188 and 132,443,111, respectively
shares issued: 133,836,242 and 132,315,465
shares outstanding: 132,443,111 and 130,121,292
shares issued: 133,562,301 and 132,315,465
shares outstanding: 131,368,128 and 130,121,292
taxes receivable																																												24,000,000						14,291,000	10,187,000	18,072,000	9,216,000	24,243,000
shares issued: 133,472,351 and 132,315,465
shares outstanding: 131,278,178 and 130,121,292
credit facility borrowings																																													40,000,000	38,000,000	36,000,000	33,000,000	31,000,000	28,461,000	26,177,000	24,633,000	21,309,000	32,145,000	29,483,000	24,361,000	19,627,000	26,734,000
borrowings, current																																													40,000,000	40,000,000	40,000,000	40,000,000	40,000,000	40,000,000	40,000,000	40,000,000	40,000,000	40,000,000	35,000,000	30,000,000	25,000,000	20,000,000
borrowings, net of current portion																																													250,000,000	260,000,000	270,000,000	280,000,000	290,000,000	300,000,000	310,000,000	320,000,000	330,000,000	340,000,000	350,000,000	360,000,000	370,000,000	380,000,000
shares issued: 132,898,365 and 132,315,465
shares outstanding: 130,704,192 and 130,121,292
long-term assets:
shares issued: 132,315,465 and 131,537,798
shares outstanding: 130,121,292 and 129,417,089
shares issued: 132,233,676 and 131,537,798
shares outstanding: 130,112,967 and 129,417,089
shares issued: 132,091,353 and 131,537,798
shares outstanding: 129,970,644 and 129,417,089
shares issued: 131,972,013 and 131,537,798
shares outstanding: 129,851,304 and 129,417,089
receivable from expedia																																																		15,828,000			37,932,000	23,971,000	32,549,000	40,158,000	33,458,000	14,081,000
liabilities and equity
preferred stock 0.001 par value
common stock 0.001 par value																																																		131,000	131,000	131,000	130,000		130,000	129,000
shares issued: 131,537,798 and 130,060,138
shares outstanding: 129,417,089 and 130,060,138
authorized shares 400,000,000
total liabilities and stockholders’ equity																																																		1,473,014,000	1,448,153,000	1,455,585,000	1,341,678,000	1,299,194,000	1,259,283,000	1,187,253,000	914,428,000	835,886,000
receivable—sale of marketable securities																																																			40,406,000
receivable from expedia, inc.																																																			33,882,000	35,239,000
shares issued: 131,372,883 and 130,060,138
shares outstanding: 129,289,174 and 130,060,138
shares issued: 131,127,919 and 130,060,138
shares outstanding: 130,452,919 and 130,060,138
shares issued and outstanding: 130,544,816 and 130,060,138
redeemable noncontrolling interest																																																							14,645,000
preferred stock .001 par value
common stock .001 par value																																																						130,000			121,000	121,000
shares issued and outstanding: 130,060,138 and 120,661,808
total long-term assets																																																							559,700,000	556,832,000
long-term liabilities:
total long-term liabilities																																																							378,469,000	390,441,000	402,302,000	411,956,000
shares issued and outstanding: 129,560,833 and 120,661,808
shares issued and outstanding: 129,511,937 and 120,661,808
shares issued and outstanding: 121,395,744 and 120,661,808
short-term investments
payable to expedia
authorized shares: 100,000,000 and 0
shares issued and outstanding: 120,661,808 and 0
shares issued and outstanding: 12,799,999 and 0
invested capital

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31

operating activities:
net income	-32,400,000	-38,000,000	53,000,000	36,000,000	-11,000,000	1,000,000	39,000,000	24,000,000	-59,000,000	32,000,000	27,000,000	24,000,000	-73,000,000	-2,000,000	25,000,000	31,000,000	-34,000,000	-29,000,000	1,000,000	-40,000,000	-80,000,000	-72,000,000	-48,000,000	-153,000,000	-16,000,000	16,000,000	50,000,000	34,000,000	26,000,000	8,000,000	69,000,000	31,000,000	5,000,000	-84,000,000	25,000,000	27,000,000	13,000,000	1,000,000	57,000,000	35,000,000	27,000,000	3,000,000	74,000,000	58,000,000	63,000,000	36,000,000	54,000,000	68,000,000	68,000,000	20,274,000	55,882,000	66,988,000	62,299,000	33,717,000	59,535,000	53,165,000	48,171,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	24,600,000	24,000,000	24,000,000	23,000,000	21,000,000	22,000,000	21,000,000	20,000,000	22,000,000	24,000,000	21,000,000	21,000,000	21,000,000	24,000,000	23,000,000	25,000,000	25,000,000	26,000,000	28,000,000	28,000,000	29,000,000	31,000,000	30,000,000
stock-based compensation expense	20,700,000	23,000,000	28,000,000	29,000,000	28,000,000	28,000,000	31,000,000	33,000,000	28,000,000	24,000,000	24,000,000	25,000,000	23,000,000	23,000,000	22,000,000	21,000,000	22,000,000	31,000,000	28,000,000	32,000,000	29,000,000	29,000,000	29,000,000	25,000,000	26,000,000	33,000,000	31,000,000	33,000,000	27,000,000	28,000,000	29,000,000	32,000,000	29,000,000	24,000,000	25,000,000	28,000,000	19,000,000	21,000,000	22,000,000	23,000,000	19,000,000	20,000,000	18,000,000	18,000,000	16,000,000	17,000,000
deferred income tax expense	3,000,000	4,000,000	-7,000,000	0	1,000,000	10,000,000	-15,000,000	-17,000,000	8,000,000	-17,000,000	1,000,000	-17,000,000	8,000,000	-27,000,000	-6,000,000			-18,000,000	3,000,000	-7,000,000	-22,000,000	-6,000,000	-1,000,000
other	2,500,000	-1,000,000	3,000,000	9,000,000	7,000,000	-1,000,000	2,000,000	2,000,000	6,000,000	6,000,000	0	4,000,000	-1,000,000	1,000,000	4,000,000	-1,000,000	3,000,000	9,000,000	2,000,000	4,000,000	4,000,000	1,000,000					2,000,000	1,000,000	5,000,000		-5,000,000			4,000,000			-1,000,000	5,000,000				2,000,000			2,000,000	3,000,000	7,000,000	0	1,000,000	91,000	1,030,000	833,000	-263,000	166,000	-488,000	472,000	37,000
changes in operating assets and liabilities, net:
accounts receivable, net, prepaid expenses and other assets	-35,400,000		23,000,000	-15,000,000	-65,000,000		14,000,000
accounts payable, accrued expenses and other liabilities	21,000,000	-58,000,000	-3,000,000	17,000,000	-2,000,000	-29,000,000	-23,000,000	46,000,000	19,000,000	-21,000,000	-1,000,000	59,000,000	-26,000,000	-6,000,000	15,000,000	60,000,000	3,000,000	0	-18,000,000	59,000,000	-11,000,000	11,000,000	7,000,000	-25,000,000	-21,000,000	-6,000,000	6,000,000	17,000,000	-18,000,000	-2,000,000	-5,000,000				-31,000,000	37,000,000	-8,000,000	5,000,000	-41,000,000	29,000,000	14,000,000	-11,000,000	-9,000,000	29,000,000	4,000,000	-29,000,000	12,000,000	40,000,000	-5,000,000
deferred merchant payables	102,700,000	-82,000,000	-68,000,000	102,000,000	100,000,000	-87,000,000	-106,000,000	92,000,000	120,000,000	-98,000,000	-100,000,000	123,000,000	107,000,000	-44,000,000	-77,000,000	134,000,000	86,000,000	-9,000,000	-48,000,000	102,000,000	36,000,000	-4,000,000	-20,000,000	-14,000,000	-86,000,000	-39,000,000	-147,000,000	84,000,000	99,000,000	-39,000,000	-148,000,000	91,000,000	110,000,000	-48,000,000	-146,000,000	120,000,000	88,000,000	-21,000,000	-137,000,000	107,000,000	72,000,000	-37,000,000	-97,000,000	89,000,000	60,000,000	-22,000,000	-66,000,000	45,000,000	34,000,000		-2,766,000
income tax receivables/payables	-21,900,000	-20,000,000	11,000,000	-1,000,000	-13,000,000	12,000,000	13,000,000	-131,000,000	31,000,000	4,000,000	56,000,000	-109,000,000	48,000,000	1,000,000	38,000,000	67,000,000	1,000,000	-2,000,000	-3,000,000	0	6,000,000	-19,000,000	-12,000,000	-20,000,000	-30,000,000	-1,000,000	15,000,000	11,000,000	-8,000,000	-2,000,000	10,000,000	-10,000,000	15,000,000	33,000,000	0
deferred revenue	33,000,000	-12,000,000	-20,000,000	2,000,000	36,000,000	-14,000,000	-24,000,000	3,000,000	33,000,000	-16,000,000	-23,000,000	6,000,000	37,000,000	-7,000,000	-18,000,000	11,000,000	24,000,000	-3,000,000	-10,000,000	12,000,000	9,000,000	-3,000,000	-8,000,000	-22,000,000	-1,000,000	-12,000,000	-25,000,000	-3,000,000	38,000,000	-10,000,000	-30,000,000	3,000,000	42,000,000			1,000,000	24,000,000	-5,000,000	-28,000,000	4,000,000	30,000,000	-3,000,000	-21,000,000	10,000,000	21,000,000	-3,000,000	-4,000,000	2,000,000	14,000,000	-209,000	1,269,000	3,659,000	4,077,000	1,559,000	2,815,000	106,000	7,462,000
net cash from operating activities	117,800,000	-103,000,000	44,000,000	202,000,000	102,000,000	-3,000,000	-43,000,000	51,000,000	139,000,000	-19,000,000	14,000,000	105,000,000	135,000,000	-40,000,000	60,000,000	294,000,000	86,000,000	65,000,000	-63,000,000	125,000,000	-19,000,000	-14,000,000	-32,000,000	-78,000,000	-70,000,000	60,000,000	1,000,000	181,000,000	182,000,000	31,000,000	14,000,000	186,000,000	174,000,000	18,000,000	-135,000,000	221,000,000	134,000,000	44,000,000	-80,000,000	237,000,000	120,000,000	75,000,000	8,000,000	200,000,000	99,000,000	61,000,000	59,000,000	158,000,000	109,000,000	71,200,000	145,036,000	89,621,000	43,666,000	71,137,000	76,452,000	61,758,000	29,719,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-15,000,000	-15,000,000	-10,000,000	-9,000,000	-10,000,000	-16,000,000	-20,000,000	-23,000,000	-22,000,000	-21,000,000	-17,000,000	-16,000,000	-14,000,000	-16,000,000	-15,000,000	-14,000,000	-15,000,000	-17,000,000	-18,000,000	-15,000,000	-21,000,000	-19,000,000	-17,000,000	-16,000,000	-39,000,000	-23,000,000	-31,000,000	-26,000,000	-13,000,000	-22,000,000	-20,000,000	0	-15,720,000	-14,334,000	-9,264,000	0	-7,338,000	-5,910,000	-7,339,000
free cash flows	117,800,000	-103,000,000	44,000,000	202,000,000	102,000,000	-3,000,000	-43,000,000	51,000,000	139,000,000	-19,000,000	14,000,000	105,000,000	135,000,000	-40,000,000	60,000,000	294,000,000	86,000,000	65,000,000	-78,000,000	110,000,000	-29,000,000	-23,000,000	-42,000,000	-94,000,000	-90,000,000	37,000,000	-21,000,000	160,000,000	165,000,000	15,000,000	0	170,000,000	159,000,000	4,000,000	-150,000,000	204,000,000	116,000,000	29,000,000	-101,000,000	218,000,000	103,000,000	59,000,000	-31,000,000	177,000,000	68,000,000	35,000,000	46,000,000	136,000,000	89,000,000	71,200,000	129,316,000	75,287,000	34,402,000	71,137,000	69,114,000	55,848,000	22,380,000
investing activities:
capital expenditures, including capitalized website development	-16,500,000	-19,000,000	-19,000,000	-25,000,000	-19,000,000	-23,000,000	-20,000,000	-15,000,000	-16,000,000	-16,000,000	-16,000,000	-15,000,000	-16,000,000	-15,000,000	-14,000,000	-13,000,000	-14,000,000
net cash from investing activities	-16,500,000	-19,000,000	-19,000,000	-27,000,000	-19,000,000	-22,000,000	-20,000,000	-15,000,000	-16,000,000	-16,000,000	-16,000,000	-15,000,000	-16,000,000	-15,000,000	-11,000,000	-12,000,000	-14,000,000	-13,000,000	-15,000,000	-16,000,000	-10,000,000	-10,000,000	-12,000,000	-14,000,000	-20,000,000	-36,000,000	-53,000,000	-45,000,000	-42,000,000	-31,000,000	-13,000,000	-33,000,000	28,000,000	-58,000,000	-14,000,000	-20,000,000	98,000,000	-22,000,000	-65,000,000	-87,000,000	11,000,000	66,000,000	-19,000,000	-73,000,000	-34,000,000	-89,000,000	-135,000,000	117,000,000	-127,000,000	19,672,000	39,969,000	-77,703,000	-178,732,000	-230,624,000	-7,338,000	-5,910,000	-311,000
financing activities:
proceeds from the issuance of term loan b facility, net of financing costs		0	0	0	341,000,000	0
principal payments on term loan b facility	-2,100,000	-3,000,000	-2,000,000	-2,000,000	-2,000,000
payment of withholding taxes on net share settlements of equity awards	-5,500,000	-5,000,000	-3,000,000	-3,000,000	-9,000,000	-4,000,000	-3,000,000	-4,000,000	-10,000,000	-3,000,000	-2,000,000	-3,000,000	-9,000,000	-2,000,000	-9,000,000	-1,000,000	-8,000,000	-5,000,000	-10,000,000	-6,000,000	-23,000,000	-3,000,000	-1,000,000	-3,000,000	-14,000,000	-1,000,000	-2,000,000	-3,000,000	-23,000,000	-7,000,000	-1,000,000	-6,000,000	-12,000,000	-2,000,000	-1,000,000	-1,000,000	-13,000,000	-2,000,000
funding of term loan facility for related party					-327,000,000
payments of finance lease obligation and other financing activities	-1,900,000				-6,000,000					-2,000,000	-2,000,000			-2,000,000	-1,000,000	-2,000,000	-2,000,000				-2,000,000
net cash from financing activities	-9,500,000	-60,000,000	-7,000,000	-127,000,000	-3,000,000	-8,000,000	-12,000,000	-31,000,000	-12,000,000	-30,000,000	-4,000,000	-82,000,000	-11,000,000	-4,000,000	-10,000,000	-3,000,000	-10,000,000	-6,000,000	-12,000,000	-6,000,000	287,000,000	-8,000,000	-212,000,000	-9,000,000	570,000,000	-550,000,000	-2,000,000	-4,000,000	-24,000,000	-4,000,000	-1,000,000	-107,000,000	-246,000,000	-37,000,000	4,000,000	-53,000,000	-114,000,000	-10,000,000	-10,000,000	-29,000,000	-94,000,000	-92,000,000	0	-58,000,000	-3,000,000	-6,000,000	-11,000,000	-10,000,000	-14,000,000					-22,728,000	177,000	216,829,000	-4,457,000
effect of exchange rate changes on cash, cash equivalents and restricted cash	-6,300,000		-12,000,000	10,000,000	10,000,000	-15,000,000	11,000,000	0	-7,000,000	8,000,000	-11,000,000	1,000,000	3,000,000	14,000,000	-18,000,000	-15,000,000	-4,000,000	-5,000,000	-3,000,000	-2,000,000	-2,000,000	4,000,000			-1,000,000	7,000,000	-9,000,000			-4,000,000	-3,000,000	-15,000,000	6,000,000
net increase in cash, cash equivalents and restricted cash	85,500,000		6,000,000	58,000,000	90,000,000	-48,000,000	-64,000,000	5,000,000	104,000,000	-57,000,000	-17,000,000	9,000,000	111,000,000	-45,000,000	21,000,000	264,000,000	58,000,000	41,000,000	-93,000,000	101,000,000	256,000,000	-28,000,000	-252,000,000	-100,000,000	479,000,000	-519,000,000	-63,000,000	130,000,000	116,000,000	-8,000,000	-3,000,000	31,000,000	-38,000,000
cash, cash equivalents and restricted cash at beginning of period	1,034,900,000		0	0	1,064,000,000	0	0	0	1,067,000,000	0	0	0	1,021,000,000	0	0	0	723,000,000	0	0	0	418,000,000	0	0	0	319,000,000	0	0	0	655,000,000	0	0	0	673,000,000
cash, cash equivalents and restricted cash at end of period	1,120,400,000		6,000,000	58,000,000	1,154,000,000	-48,000,000	-64,000,000	5,000,000	1,171,000,000	-57,000,000	-17,000,000	9,000,000	1,132,000,000	-45,000,000	21,000,000	264,000,000	781,000,000	41,000,000	-93,000,000	101,000,000	674,000,000	-28,000,000	-252,000,000	-100,000,000	798,000,000	-519,000,000	-63,000,000	130,000,000	771,000,000	-8,000,000	-3,000,000	31,000,000	635,000,000
supplemental disclosure of cash flow information:
cash paid during the period for interest	14,300,000	16,000,000	16,000,000	17,000,000	10,000,000	10,000,000	28,000,000	2,000,000	18,000,000	1,000,000	18,000,000
provision for expected credit losses						3,000,000				1,000,000				3,000,000	0	2,000,000	1,000,000	2,000,000	-2,000,000	1,000,000	2,000,000	-2,000,000
accounts receivable, prepaid expenses and other assets									-69,000,000																					8,000,000	66,000,000	-27,000,000	-55,000,000	22,000,000	-7,000,000	-16,000,000	-35,000,000	16,000,000	11,000,000	14,000,000	-65,000,000	44,000,000	17,000,000	-21,000,000	-71,000,000	19,000,000	20,000,000
other investing activities		0	0											0	3,000,000				0											0
payment of 2025 senior notes						0
payment of financing costs related to credit facility						0				0	0
repurchase of common stock related to merger, including transaction costs		0	0
repurchase of common stock under the share repurchase program		-50,000,000	0
effect of exchange rate changes on cash, cash equivalents, and restricted cash
net increase in cash, cash equivalents, and restricted cash
cash, cash equivalents, and restricted cash at beginning of period
cash, cash equivalents, and restricted cash at end of period
cash paid during the period for income taxes, net of refunds		9,000,000	5,000,000	13,000,000	2,000,000	-25,000,000	30,000,000	162,000,000	3,000,000	12,000,000	-21,000,000
supplemental disclosure of non-cash investing and financing activities:
issuance of common stock related to merger		0	0
net operating loss carryforwards retained related to merger		0	0
stock-based compensation capitalized website development costs
payments of finance lease obligation			-2,000,000				-1,000,000	-2,000,000	-2,000,000				-2,000,000					-1,000,000	-2,000,000			-2,000,000	-1,000,000	-2,000,000	-1,000,000
supplemental disclosure of non-cash flow financing activities:
repurchase of common stock						0	0			-25,000,000	0											0	0	0	-115,000,000					0	0	-96,000,000	-4,000,000	0	0	-100,000,000	-150,000,000	-84,000,000	-9,000,000	-11,000,000	-1,000,000									-7,656,000	-103,450,000
proceeds from issuance of 2026 senior notes, net of financing costs																		0	0	0	340,000,000
purchase of capped calls in connection with 2026 senior notes																		0	0	0	-35,000,000
proceeds from exercise of stock options																		0	0	1,000,000	7,000,000					0	1,000,000			3,000,000	0			0	0	0	3,000,000	1,000,000	3,000,000	1,000,000	2,000,000	2,000,000	1,000,000	1,000,000	8,000,000		0	0	2,000,000
accounts receivable and contract assets, prepaid expenses and other assets											4,000,000	-31,000,000	-9,000,000	-6,000,000	34,000,000	-70,000,000	-45,000,000	58,000,000	-44,000,000	-66,000,000	-21,000,000	14,000,000	-17,000,000	81,000,000	14,000,000	41,000,000	43,000,000
impairment of goodwill																						0
loss on sale/disposal of business
changes in operating assets and liabilities, net of effects from acquisitions and other investments:
acquisitions and other investments, net of cash acquired																										-108,000,000				0	-1,000,000
proceeds from issuance of 2025 senior notes
payment of financing costs for the issuance of 2025 senior notes
proceeds from credit facility
payments to credit facility
purchases of marketable securities																										-15,000,000	-49,000,000	-29,000,000	-40,000,000	-15,000,000	0	0	-1,000,000	-47,000,000	-9,000,000			-21,000,000	-47,000,000	-82,000,000	-16,000,000	-55,000,000	-58,000,000	-60,000,000	-32,000,000	-32,000,000	0	-16,000,000	-203,000,000	-57,005,000	-28,775,000	-132,910,000	-213,683,000
sales of marketable securities																														0	14,000,000	4,000,000	41,000,000	0	2,000,000	1,000,000	102,000,000	22,000,000	22,000,000	7,000,000	33,000,000	115,000,000	26,000,000	21,000,000	25,000,000	11,000,000	1,000,000	272,000,000	52,000,000	51,076,000	55,594,000	53,638,000	14,415,000
maturities of marketable securities																										30,000,000	20,000,000	5,000,000	15,000,000	0	0	2,000,000	3,000,000	3,000,000	8,000,000	3,000,000	14,000,000	10,000,000	5,000,000	6,000,000	11,000,000	19,000,000	30,000,000	13,000,000	9,000,000	5,000,000	9,000,000	35,000,000	44,000,000	45,041,000	28,810,000	45,932,000	30,997,000
payment of common stock cash dividends to stockholders
equity method investment acquired for non-cash consideration
capital expenditures, including internal-use software and website development																			-15,000,000	-15,000,000	-10,000,000	-9,000,000	-10,000,000	-16,000,000	-20,000,000	-23,000,000	-22,000,000	-21,000,000	-17,000,000	-16,000,000	-14,000,000	-16,000,000	-15,000,000	-14,000,000	-15,000,000	-17,000,000	-18,000,000	-15,000,000	-21,000,000	-19,000,000	-17,000,000	-16,000,000	-39,000,000	-23,000,000	-31,000,000	-26,000,000	-13,000,000	-22,000,000	-20,000,000		-15,720,000	-14,334,000	-9,264,000		-7,338,000	-5,910,000	-7,339,000
proceeds from 2015 credit facility																						0	0	0	700,000,000								5,000,000				270,000,000
payment of financing costs related to 2015 credit facility
payments to 2015 credit facility																						0								0	0	0	-235,000,000	-55,000,000	-35,000,000	-55,000,000	-151,000,000	-20,000,000
payments of financing costs for amendments to 2015 credit facility
proceeds from issuance of senior notes																						0
payments of financing costs for the issuance of senior notes
proceeds from chinese credit facilities																														0	0							5,000,000				0	0
payments to chinese credit facilities																														0	0											0	0
stock-based compensation capitalized with internal-use software and website development costs																														3,000,000	3,000,000	4,000,000	3,000,000	3,000,000	4,000,000	3,000,000	3,000,000
payment of financing costs from amendment of 2015 credit facility
payment of financing costs from issuance of senior notes
provision for expected credit losses and other
payment of financing costs from 2015 credit facility
depreciation of property and equipment, including amortization of internal-use software and website development																									25,000,000	24,000,000	23,000,000	23,000,000	23,000,000	21,000,000	20,000,000	21,000,000	20,000,000	22,000,000	19,000,000	19,000,000	19,000,000	18,000,000	18,000,000	17,000,000	16,000,000	15,000,000	14,000,000	14,000,000	14,000,000	14,000,000	12,000,000	11,000,000	10,000,000	8,661,000	7,634,000	6,876,000	6,324,000
amortization of intangible assets																									7,000,000	10,000,000	8,000,000	7,000,000	8,000,000	10,000,000	8,000,000	8,000,000	8,000,000	7,000,000	9,000,000	8,000,000	8,000,000	9,000,000	8,000,000	7,000,000	8,000,000	10,000,000	10,000,000	9,000,000	7,000,000	7,000,000	6,000,000	3,000,000	2,000,000	1,549,000	1,443,000	1,630,000	1,109,000	1,201,000	1,310,000	1,760,000	1,839,000
deferred income tax expense and other																									12,000,000
proceeds from 2015 credit facility, net of financing costs																														0	0			20,000,000	40,000,000			91,000,000
payments to 2016 credit facility																																		0	0	0	-73,000,000
deferred tax expense																											-5,000,000	8,000,000	9,000,000					41,000,000	-10,000,000	-9,000,000	7,000,000				2,000,000				3,000,000												-29,000
changes in operating assets and liabilities, net of effects from acquisitions:
other financing activities																											-1,000,000	-2,000,000	-1,000,000													11,000,000
accounts receivable, contract assets, prepaid expenses and other assets																													-27,000,000
deferred tax expense and other
changes in operating assets and liabilities, net of effects from acquisitions, other investments and dispositions:
proceeds from 2016 credit facility, net of financing costs																																						0
non-cash contribution to charitable foundation
gain on sale of business																																										-3,000,000
proceeds from sale of business, net of cash sold																																										3,000,000
principal payments on 2011 credit facility
effect of exchange rate changes on cash and cash equivalents																																		0	8,000,000	8,000,000	1,000,000	-11,000,000	0	-8,000,000	2,000,000	-2,000,000	-5,000,000	9,000,000	-12,000,000	-2,000,000	-9,000,000			-633,000	2,934,000	31,000	-1,753,000	1,358,000	840,000	-3,061,000	142,000
net increase in cash and cash equivalents																																		-77,000,000	-137,000,000	156,000,000	119,000,000	1,000,000	-155,000,000	113,000,000	39,000,000	47,000,000	-16,000,000	78,000,000	50,000,000	-36,000,000	-96,000,000			74,790,000	76,300,000	-11,809,000	-155,648,000	-180,857,000	70,131,000	269,616,000	25,093,000
cash and cash equivalents at beginning of period																																		0	0	0	612,000,000	0	0	0	614,000,000	0	0	0	455,000,000	0	0	0	351,000,000
cash and cash equivalents at end of period																																		-77,000,000	-137,000,000	156,000,000	731,000,000	1,000,000	-155,000,000	113,000,000	653,000,000	47,000,000	-16,000,000	78,000,000	505,000,000	-36,000,000	-96,000,000	268,000,000	319,000,000		76,300,000	-11,809,000	211,867,000		70,131,000	269,616,000	208,625,000
capitalization of construction in-process related to build to suit lease																																										0	0
acquisitions, net of cash acquired																																							-24,000,000			0	0	-24,000,000	-5,000,000	-47,000,000	-132,000,000			-3,303,000	60,000	-30,379,000	-1,197,000
deferred tax benefit																																											-6,000,000				-5,000,000	-4,000,000	1,000,000			-1,302,000	-2,674,000	-5,373,000	487,000
changes in operating assets and liabilities, net of effects from acquisitions and other investments, and dispositions:
capital expenditures incurred but not yet paid related to build to suit lease
deferred tax (benefit) expense																																							-9,000,000											5,925,000
changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
income taxes																																							8,000,000	10,000,000	1,000,000	12,000,000			-13,000,000	26,000,000	9,000,000	7,000,000	18,000,000
capitalization of construction in-process related to build to suit lease obligation																																													4,000,000	10,000,000	14,000,000	14,000,000	14,000,000
excess tax benefits from stock-based compensation																																								-2,000,000	-4,000,000	-4,000,000	-2,000,000	-23,000,000	-7,000,000	0	-6,000,000	-3,000,000	-11,000,000	-3,618,000	-3,565,000	-4,293,000	-949,000	-528,000	-178,000	-328,000	-1,683,000
principal payments on term loan																																										0	0
proceeds from revolving credit facility, net of financing costs																																										0	0
payments to revolving credit facility																																								-19,000,000	-90,000,000
payment of minimum withholding taxes on net share settlements of equity awards																																								-2,000,000	-9,000,000	-7,000,000	-4,000,000	-49,000,000	-13,000,000	-1,000,000	-9,000,000	-5,000,000	-18,000,000	-4,029,000	-4,344,000	-302,000	-5,232,000
capital expenditures incurred but not yet paid primarily related to build to suit lease																																												1,000,000	8,000,000
supplemental disclosure of cash flow information
proceeds from lease incentives related to construction financing obligation on build to suit lease																																											0
payments on construction financing obligation
proceeds from credit facilities																																													2,000,000	2,000,000	3,000,000	3,000,000	5,000,000	2,121,000	1,379,000	2,978,000	3,723,000	2,574,000	5,171,000	4,734,000	2,893,000
payments to credit facilities																																														0	0	0	-3,000,000
principal payments on long-term debt																																													-10,000,000	-10,000,000	-10,000,000	-10,000,000	-10,000,000	-10,000,000	-10,000,000	-10,000,000	-10,000,000	-5,000,000	-5,000,000	-5,000,000	-5,000,000
amortization of deferred financing costs																																														0				185,000	193,000	198,000	203,000	206,000	208,000	211,000	264,000
amortization of discounts and premiums on marketable securities																																														1,000,000	0	1,000,000	1,000,000	1,084,000	1,184,000	1,388,000	1,249,000
provision (recovery) for doubtful accounts																																														1,000,000				107,000	722,000	322,000	334,000
distributions proceeds from expedia related to spin-off
proceeds from exercise of stock options and warrants																																																		2,645,000	1,211,000	13,388,000	6,459,000	4,460,000	482,000	216,843,000	8,926,000
payments to purchase subsidiary shares from noncontrolling interest
payments on construction in-process related to build to suit lease obligation																																														2,000,000	-1,000,000
non-cash fair value increase for redeemable noncontrolling interests
marketable securities sold during the period but settled after period end
stock-based compensation																																																15,000,000	14,000,000	13,483,000	11,651,000	10,208,000	13,611,000	10,179,000	8,463,000	6,768,000	4,692,000
accounts receivable																																																	-38,000,000	12,441,000	27,060,000	-23,015,000	-32,670,000	20,651,000	-5,006,000	2,185,000	-29,640,000
prepaid expenses and other assets																																																		-433,000	3,662,000	-5,205,000	-1,679,000
payments on construction in-process related to build to suit lease obligations																																																	-1,000,000
net decrease in cash and cash equivalents																																																	-32,000,000
foreign currency transaction (gains) losses																																																		-183,000	-2,510,000	926,000	1,613,000
receivable from expedia,net
taxes receivable																																																		-4,104,000	7,885,000	-8,856,000	15,027,000
accounts payable																																																		-2,607,000	1,554,000	-1,512,000	-3,319,000	5,100,000	-8,935,000	5,732,000	12,080,000
deferred merchant payable
taxes payable																																																		-4,353,000	9,300,000	7,823,000	4,082,000	11,607,000	-2,712,000	-10,588,000	8,766,000
accrued expenses and other liabilities																																																		912,000	18,509,000	14,730,000	-10,747,000
capital expenditures, including internal-use software and website development costs
distribution to expedia related to spin-off
acquisitions, net of cash acquired, from expedia
transfers to expedia
payments on credit facilities																																																		0	0	0	-14,728,000	0	0	0	-10,000,000
proceeds from issuance of long-term debt, net of issuance costs
payments on construction in process related to build to suit lease obligations
acquisitions funded by expedia
payments on acquisition earn-out
net cash (used) provided by financing activities																																																		-15,449,000	-111,639,000
cash and cash equivalents at beginning of year																																																		0	0	0	367,515,000	0	0	0	183,532,000
cash and cash equivalents at end of year
income taxes paid directly to taxing authorities, net of refunds
income taxes paid to expedia
total income taxes paid, net of refunds
distribution receivable from expedia, inc.
related parties																																																			1,375,000	2,688,000	-13,961,000	8,579,000	8,856,000	-7,951,000	-26,405,000
proceeds from expedia, inc. related to spin-off
supplemental disclosure of non-cash investing activities:
proceeds from expedia, inc related to spin-off
net cash used by financing activities																																																					-18,829,000
depreciation of property and equipment, including internal-use software and website development costs
(recovery) benefit from doubtful accounts
purchase of marketable securities and other investments
proceeds from maturities of marketable securities and other investments
change in restricted cash
income taxes paid directly to taxing authorities
income taxes paid to expedia, inc.
total income taxes paid
depreciation of property and equipment, including internal-use software and website development																																																							5,037,000	4,715,000	4,281,000
benefit from doubtful accounts																																																							-284,000	-863,000	-437,000
foreign exchange (gain) loss on cash and cash equivalents																																																							-544,000	2,812,000	-489,000
prepaid expenses and other current assets																																																							-6,000	-726,000	-1,153,000
accrued expenses and other current liabilities																																																							7,894,000	4,333,000	1,963,000
distribution proceeds from expedia related to spin-off																																																							0
maturity of short-term investments
payment of minimum withholding taxes on rsu vesting																																																							-654,000	-76,000	-2,959,000
distribution proceeds from expedia related to spin-off.																																																									7,028,000
transfers to expedia, inc.
acquisitions, net of cash acquired, from expedia, inc
distribution to expedia, inc., related to spin-off
purchase of short-term investments
acquisitions funded by expedia, inc.

TripAdvisor, Inc(NASDAQ:TRIP)

TripAdvisor, Inc
(NASDAQ:TRIP)