Tripadvisor
Connects travelers with experiences, hotel guidance, restaurant discovery, and dining reservations.
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Profile
Runs Viator experiences booking, Tripadvisor travel guidance and hotel advertising, and TheFork dining reservations. Revenue comes from completed booking commissions, click and media advertising, partner demand, and restaurant software, with search traffic and large travel partners shaping the model.
Centers on three platforms: Viator and Tripadvisor points of sale for bookable tours, activities, and attractions; Tripadvisor travel guidance, hotel metasearch, and advertising; and TheFork for European restaurant reservations and restaurant software.
Operates with a global traveler audience and TheFork concentrated in Europe. The model turns user reviews, travel-intent data, supplier inventory, and completed bookings into discovery, planning, and transaction flow.
Execution depends on marketplace supply, user-generated content, paid and unpaid search traffic, and demand from hotel and travel partners. Recent operating work has shifted resources toward Experiences, TheFork, and AI-enabled personalization while legacy Hotels and Other remains more exposed to search and partner concentration.
Company facts
Categories
Key statistics
Year to date −32.6% · Average volume (30d) 3.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 11, 2026 | UBS | Reiterate | Neutral | $15 | $12 | |
| Aug 7, 2026 | Cantor Fitzgerald | Reiterate | Underweight | $10 | $9 | |
| Jul 30, 2026 | UBS | Reiterate | Neutral | $16 | $15 | |
| Jul 21, 2026 | BTIG | Downgrade | Buy | Neutral | ||
| Jul 20, 2026 | Goldman Sachs | Reiterate | Buy | $22 | $16 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.38 | $0.35 | −6.7% | $506.3M | $441.9M | −12.7% | −25.52% |
| May 7, 2026Q1 FY26 | −$0.03 | −$0.11 | −266.7% | $384.7M | $382.4M | −0.6% | −6.95% |
| Feb 12, 2026Q4 FY25 | $0.15 | $0.04 | −73.3% | $412.7M | $411.3M | −0.3% | −6.88% |
| Nov 6, 2025Q3 FY25 | $0.58 | $0.65 | +12.1% | $412.5M | $553.0M | +34.0% | 0.00% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $398.0M | $529.0M | $553.0M | $411.0M | $382.4M | $441.9M | |
| Gross profit | $371.0M | $487.0M | $512.0M | $243.0M | $195.4M | $410.9M | |
| Operating income | −$15.0M | $59.0M | $70.0M | −$34.0M | −$21.7M | $37.8M | |
| Net income | −$11.0M | $36.0M | $53.0M | −$38.0M | −$32.4M | $22.4M | |
| Diluted EPS | −$0.08 | $0.28 | $0.43 | −$0.33 | −$0.28 | $0.19 | |
| Gross margin | 93.2% | 92.1% | 92.6% | 59.1% | 51.1% | 93.0% | |
| Operating margin | -3.8% | 11.2% | 12.7% | -8.3% | -5.7% | 8.6% |
Fiscal years (4-quarter sums)FY21 $902.0M · FY22 $1.49B · FY23 $1.79B · FY24 $1.84B · FY25 $1.89B
Revenue by product · FY24
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $843.2M · Total debt $893.9M · Total assets $2.53B · Shareholders' equity $662.5M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 116.36M · Float 114.80M · 98.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 17.44M | 14.99% | 13F | Aug 7, 2026 |
| Ameriprise Financial Inc | 10.55M | 9.06% | 13F | Aug 14, 2026 |
| Nuveen, LLC | 7.10M | 6.10% | 13F | Aug 11, 2026 |
| Vanguard Portfolio Management LLC | 6.83M | 5.87% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 5.23M | 4.49% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 16, 2026 | Kristen Ann Dalton | officer: Chief Strategy & Ops Officer | −7,908 | $15.00 |
| Jun 2, 2026 | Almir Ambeskovic | officer: CEO, TheFork | −8,000 | $12.30 |
| Mar 2, 2026 | Almir Ambeskovic | officer: CEO, TheFork | −8,000 | $9.67 |
| Dec 10, 2025 | Kristen Ann Dalton | officer: President, Brand Tripadvisor | −18,000 | $14.98 |
| Nov 17, 2025 | Almir Ambeskovic | officer: CEO, TheFork | −2,094 | $14.71 |
Peers
- Booking
Scale OTA rival across lodging, metasearch, attractions, and dining
- Expedia Group
Global OTA and travel-media overlap in lodging, ads, and activities
- Trip.com Group (ADR)
Asia-led OTA overlap in hotels, tours, content, and metasearch
- Airbnb
Travel marketplace overlap in stays, experiences, services, and discovery
- Alphabet Class A
Search, Maps, AI, and ads pressure travel discovery and hotel metasearch
- MakeMyTrip
India-focused OTA overlap in hotels, packages, activities, and planning
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tripadvisor | $10.00 | +1.36% | $1.15B | 987.0 | 10.0 | 0.6 | −16.5% |
| Booking | $205.82 | +0.10% | $159.34B | 22.8 | 18.5 | 5.6 | +8.2% |
| Expedia Group | $328.50 | −0.28% | $37.72B | 20.5 | 14.7 | 2.4 | +14.0% |
| Trip.com Group (ADR) | $45.28 | −0.20% | $29.46B | 6.7 | 11.3 | 2.9 | +23.7% |
| Airbnb | $189.63 | +0.10% | $112.43B | 43.2 | 33.6 | 8.5 | +16.5% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| MakeMyTrip | $59.02 | +0.02% | $5.55B | 178.5 | 44.9 | 5.2 | +10.8% |
| Median | 21.7 | 22.2 | 5.4 | +15.3% |