secwatch.observer — SEC 8-K summary
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Issuer:     TripAdvisor, Inc. (TRIP)
CIK:        0001526520
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0000950170-22-007372
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tripadvisor names Matt Goldberg CEO; Q1 revenue $262M, net loss narrows to $34M
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- Matt Goldberg named CEO, succeeding co-founder Stephen Kaufer; effective July 1, 2022.
- Q1 2022 revenue $262M (up 113% YoY); GAAP net loss $34M vs $80M loss a year ago.
- Adjusted EBITDA turned positive to $27M vs -$26M; free cash flow $72M.
- Goldberg receives base salary $800K, signing bonus $500K, and equity awards valued at ~$13M.
- Steve Kaufer to serve as consultant through July 2024; certain unvested equity continues to vest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1526520/000095017022007372/0000950170-22-007372-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1526520/000095017022007372/trip-20220502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-007372

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer