Tripadvisor Q2 revenue $497M (+1% YoY); adj EBITDA $97M; Viator turns profitable

TripAdvisor, Inc.

2024-Q2 EPS reported -$0.25 revenue$892,000,000

GAAP net income $24M ($0.17 EPS); non-GAAP net income $57M ($0.39 EPS), up 16% and 15% YoY.
Total adjusted EBITDA $97M (20% of revenue), +8% YoY; free cash flow $37M, down 59%.
Brand Tripadvisor revenue $250M (-10% YoY); Viator $244M (+13%); TheFork $42M (+11%).
Each segment contributed positive adjusted EBITDA for the first time: Viator $10M, TheFork $3M.
CEO says results in-line with expectations; no changes to guidance provided.

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