TripAdvisor Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
TRIP$7.00-5.1%Stored close · as of Nov 6, 2026
Contents
Unaudited Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2024 and 2023
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share amounts)
| Three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue (Note 3) | $395 | $371 |
| Costs and expenses: | ||
| Cost of revenue (exclusive of depreciation and amortization as shown separately below) | 35 | 29 |
| Selling and marketing (1) | 221 | 219 |
| Technology and content (1) | 76 | 68 |
| General and administrative (1) | 56 | 48 |
| Depreciation and amortization | 22 | 21 |
| Total costs and expenses | 410 | 385 |
| Operating income (loss) | (15) | (14) |
| Other income (expense): | ||
| Interest expense | (11) | (11) |
| Interest income | 13 | 11 |
| Other income (expense), net | (3) | (1) |
| Total other income (expense), net | (1) | (1) |
| Income (loss) before income taxes | (16) | (15) |
| (Provision) benefit for income taxes (Note 8) | (43) | (58) |
| Net income (loss) | $(59) | $(73) |
| Earnings (loss) per share attributable to common stockholders (Note 12): | ||
| Basic | $(0.43) | $(0.52) |
| Diluted | $(0.43) | $(0.52) |
| Weighted average common shares outstanding (Note 12): | ||
| Basic | 138 | 141 |
| Diluted | 138 | 141 |
| (1) Includes stock-based compensation expense as follows (Note 10): | ||
| Selling and marketing | $6 | $4 |
| Technology and content | $12 | $10 |
| General and administrative | $10 | $9 |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(in millions)
| Three months ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| Net income (loss) | $(59) | $(73) |
| Other comprehensive income (loss), net of tax: | ||
| Foreign currency translation adjustments, net of tax (1) | (10) | 4 |
| Reclassification adjustments included in net income (loss), net of tax (1) | 3 | — |
| Total other comprehensive income (loss), net of tax | (7) | 4 |
| Comprehensive income (loss) | $(66) | $(69) |
(1)
Deferred income tax liabilities related to these amounts are not material.
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