Tripadvisor Q1 revenue $395M (+6% YoY); net loss $59M includes $42M IRS settlement charge

TripAdvisor, Inc.

2024-Q1 EPS reported -$0.43 revenue$395,000,000

Revenue $395M, up 6% YoY; Viator segment grew 23% to $141M, Brand Tripadvisor down 2% to $240M.
GAAP net loss $59M ($0.43/share) includes $42M income tax charge from IRS audit settlement.
Non-GAAP net income $17M ($0.12/share); Adjusted EBITDA $47M (12% of revenue), up 42% YoY.
Operating cash flow $139M; free cash flow $123M.
Management cites diversification into experiences and positive segment signals.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TripAdvisor, Inc. reported first quarter ended March 31, 2024 results: revenue $395 million, net income Net loss of $59 million, or $0.43 loss per share.

Period: first quarter ended March 31, 2024
Revenue: $395 million
Net income: Net loss of $59 million, or $0.43 loss per share
Result: preliminary results

Exact text from the filing

Tripadvisor, Inc. (Nasdaq: TRIP) (“Tripadvisor” or the “Company”) today announced financial results for the first quarter ended March 31, 2024. • Revenue of $395 million, reflecting year-over-year growth of 6%. • Net loss of $59 million, or $0.43 loss per share, which includes the net impact of $42 million in incremental income tax expense, a result of a previously communicated IRS audit settlement.

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Source: SEC EDGAR

accession 0000950170-24-055048

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