Quarterly ResultMay 7, 2026, 07:07 AM
Tripadvisor Q1 Revenue Down 4% to $382.4M; Net Loss $(32.4)M
AI Summary
Tripadvisor reported preliminary financial results for the first quarter ended March 31, 2026, with total revenue declining 4% year-over-year to $382.4 million and a net loss of $(32.4) million. Despite overall declines, the Experiences segment grew revenue by 8% and TheFork segment by 23%, with TheFork achieving Adjusted EBITDA profitability. The company also repaid $345.4 million in Senior Notes on April 1, 2026, and saw improved cash flow from operations and free cash flow.
Key Highlights
- Total revenue for Q1 2026 was $382.4 million, a 4% decrease year-over-year.
- Net loss for Q1 2026 was $(32.4) million, or $(0.28) diluted EPS.
- Adjusted EBITDA for Q1 2026 was $22.1 million, a 50% decline year-over-year.
- Experiences segment revenue grew 8% to $167.9 million, with 5.6 million bookings.
- Hotels and Other segment revenue declined 20% to $157.9 million.
- TheFork segment revenue increased 23% to $57.3 million, achieving $4.6 million Adjusted EBITDA.
- Cash flow from operating activities increased 16% to $117.8 million.
- Repaid $345.4 million of 2026 Senior Notes on April 1, 2026, using cash on hand.