| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 553.00 | 4.5% | 4.0% |
| Total Income | 553.00 | 4.5% | 4.0% |
| Expenditure | 483.00 | 2.8% | 4.5% |
| PBT | 63.00 | 34.0% | 4.5% |
| Net Profit | 53.00 | 47.2% | 35.9% |
| OPM | 12.66% | 1.50pp | 0.50pp |
| NPM | 9.58% | 2.78pp | 2.25pp |
| EPS | 0.46 | 58.6% | 64.3% |
Tripadvisor Reports Q3 2025 Revenue $553M, Up 4% YOY
04 May 2026 · 4 May, 7:45 am
Summary
Tripadvisor reported a 4% year-over-year increase in revenue for the third quarter, reaching $553 million. Net income for the quarter was $53 million, or $0.43 diluted EPS. The company is realigning its operating model to focus on experiences-led growth and AI-enabled opportunities, expecting at least $85 million in annualized gross cost savings. Viator and TheFork segments showed strong revenue growth, while Brand Tripadvisor experienced a decline.
Key Highlights
- 1
Tripadvisor's revenue for the third quarter was $553 million, an increase of 4% year-over-year.
- 2
Net income for the third quarter was $53 million, or $0.43 diluted EPS.
- 3
Non-GAAP net income for the third quarter was $80 million, or $0.65 diluted EPS.
- 4
Adjusted EBITDA for the third quarter was $123 million, or 22.2% of revenue.
- 5
Viator's revenue for the third quarter was $294 million, reflecting year-over-year growth of 9%.
- 6
TheFork's revenue for the third quarter was $63 million, reflecting year-over-year growth of 28%.
- 7
The company expects at least $85 million in annualized gross cost savings, executed throughout 2026, and fully realized in 2027.
Management Comments
Matt Goldberg
Our performance in the third quarter reflects the progress we’ve made in our marketplace businesses, particularly our continued success building on our scale position in the experiences category. Our portfolio mix is now anchored in high-growth marketplaces, which now represent nearly 60% of our revenue and 30% of our profit over the last twelve months. The shift in our operating model we are announcing today positions Tripadvisor Group as an experiences-led and AI-enabled company. These changes are intended to support a more focused set of strategic priorities, namely extending our leadership position to drive long-term growth in experiences, leveraging our differentiated assets to transform the travel experience for an AI future, and managing our legacy business to enhance profitability.
Mike Noonan
We are pleased with our performance in the third quarter as we continue to capitalize on opportunities in experiences and manage headwinds in our legacy offerings. Over the last year, we have placed experiences at the center of the Group’s strategic and financial priorities. As we exit the year and finalize our targets for 2026, our highest priority is to make the necessary shifts in our operating model to support long-term growth in revenue and adjusted EBITDA grounded in our opportunity in experiences.
Informational and educational content only. Not investment advice.