TripAdvisor, Inc.
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
View on SEC.govAbout this filing
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.
Jun 30, 2025 · Filed Aug 7, 2025
TRIP$7.00-5.1%Stored close · as of Nov 6, 2026
Contents
Unaudited Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2025 and 2024
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share amounts)
| Three months ended · Six months ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2025 | 2024 | 2025 | 2024 | |
| Revenue (Note 3) | $529 | $497 | $927 | $892 |
| Costs and expenses: | ||||
| Cost of sales (exclusive of depreciation and amortization as shown separately below) | 42 | 40 | 68 | 64 |
| Marketing | 218 | 204 | 389 | 366 |
| Personnel (including stock-based compensation of $29, $34, $57 and $61, respectively - Note 9) | 149 | 153 | 293 | 303 |
| Technology | 25 | 22 | 48 | 44 |
| General and administrative | 13 | 21 | 31 | 50 |
| Depreciation and amortization | 23 | 21 | 44 | 42 |
| Restructuring and other related reorganization costs (Note 5) | — | — | 10 | 1 |
| Total costs and expenses | 470 | 461 | 883 | 870 |
| Operating income (loss) | 59 | 36 | 44 | 22 |
| Other income (expense): | ||||
| Interest expense | (17) | (11) | (29) | (22) |
| Interest income | 10 | 13 | 20 | 25 |
| Other income (expense), net | (5) | — | (8) | (3) |
| Total other income (expense), net | (12) | 2 | (17) | — |
| Income (loss) before income taxes | 47 | 38 | 27 | 22 |
| (Provision) benefit for income taxes (Note 7) | (11) | (14) | (2) | (57) |
| Net income (loss) | $36 | $24 | $25 | $(35) |
| Earnings (loss) per share attributable to common stockholders (Note 11): | ||||
| Basic | $0.29 | $0.17 | $0.19 | $(0.25) |
| Diluted | $0.28 | $0.17 | $0.19 | $(0.25) |
| Numerator used to compute net income (loss) per share attributable to common stockholders (Note 11): | ||||
| Basic | $36 | $24 | $25 | $(35) |
| Diluted | $36 | $24 | $26 | $(35) |
| Weighted average common shares outstanding (Note 11): | ||||
| Basic | 125 | 139 | 133 | 139 |
| Diluted | 130 | 145 | 139 | 139 |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(in millions)
| Three months ended · Six months ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2025 | 2024 | 2025 | 2024 | |
| Net income (loss) | $36 | $24 | $25 | $(35) |
| Other comprehensive income (loss), net of tax: | ||||
| Foreign currency translation adjustments, net of tax (1) | 29 | — | 45 | (10) |
| Reclassification adjustments included in net income (loss), net of tax (1) | — | — | — | 3 |
| Total other comprehensive income (loss), net of tax | 29 | — | 45 | (7) |
| Comprehensive income (loss) | $65 | $24 | $70 | $(42) |
(1)Deferred income tax liabilities related to these amounts were not material.
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