Quarterly ResultAug 6, 2026, 07:08 AM
Tripadvisor Q2 Revenue Down 7%; TheFork Sale for $700M Advances
AI Summary
Tripadvisor, Inc. announced its second quarter 2026 financial results, reporting a 7% year-over-year decline in revenue to $441.9 million and a 38% drop in net income to $22.8 million for continuing operations. The company also provided an update on the pending sale of its European online restaurant platform, TheFork, to American Express Travel for $700.0 million, which is expected to close by the end of 2026. Management emphasized a strategic focus on experiences and portfolio simplification, with the Experiences segment showing 3% revenue growth.
Key Highlights
- Pending sale of TheFork to American Express Travel for $700.0 million in cash.
- Q2 2026 revenue from continuing operations was $441.9 million, a 7% decline year-over-year.
- Q2 2026 net income from continuing operations was $22.8 million, a 38% decline year-over-year.
- Q2 2026 diluted EPS from continuing operations was $0.19, a 32% decline year-over-year.
- Experiences segment revenue grew 3% year-over-year to $278.6 million.
- Hotels and Other segment revenue declined 21% year-over-year to $163.3 million.
- Cash and cash equivalents stood at $843.2 million as of June 30, 2026.
- Repaid $345.4 million of 2026 Senior Notes on April 1, 2026.
Price Impact
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