Quarterly ResultAug 6, 2026, 07:12 AM
TripAdvisor to Sell TheFork for $700M; Q2 Revenue $441.9M
AI Summary
TripAdvisor, Inc. reported its second-quarter and year-to-date 2026 financial results, which included a significant strategic announcement regarding the sale of its European restaurant and management platform, TheFork. The company entered into a put option agreement to sell TheFork for $700.0 million in cash, reclassifying it as a discontinued operation. Financially, the company experienced a decline in revenue and net income from continuing operations for both the quarter and year-to-date periods compared to the previous year, with a net loss from continuing operations for the first six months of 2026. The company also repaid $345.0 million of its 2026 Senior Notes.
Key Highlights
- TripAdvisor entered a put option agreement to sell TheFork for $700.0 million in cash.
- Q2 2026 revenue was $441.9 million, down from $476.0 million in Q2 2025.
- Q2 2026 net income from continuing operations was $22.8 million, down from $36.5 million in Q2 2025.
- Q2 2026 diluted EPS from continuing operations was $0.19, compared to $0.28 in Q2 2025.
- Year-to-date 2026 net loss from continuing operations was $7.8 million, compared to income of $33.7 million in 2025.
- Year-to-date 2026 net cash provided by operating activities was $261.5 million, down from $303.5 million.
- Repaid $345.0 million of 2026 Senior Notes during the six months ended June 30, 2026.
Price Impact
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