TRIPADVISOR Reports Second Quarter Earnings Results for FY2023
August 8, 2023
🌥️Earnings Overview
On August 2, 2023, TRIPADVISOR ($NASDAQ:TRIP) announced its second quarter financial results for FY2023 ending June 30, 2023. The company reported a year-over-year increase of 18.5% in total revenue, totaling USD 494.0 million, but a 22.6% decrease in net income, amounting to USD 24.0 million.
Share Price
The stock opened at $18.0 and closed at $17.6, a decrease of 4.1% from the previous closing price of 18.4. This decrease marked the lowest closing price for TRIPADVISOR stock since May of this year. The company also reported that they have seen an uptick in travel bookings and revenue related to their hotel business. These results demonstrate the resilience of the TRIPADVISOR business model and its ability to weather market volatility.
The company is focused on continuing to invest in its core travel activities in order to drive further growth and revenue in the future. TRIPADVISOR is confident that their strategy will help them navigate these turbulent times and continue to deliver strong financial performance in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tripadvisor. TRIPADVISOR_Reports_Second_Quarter_Earnings_Results_for_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 1.68k | -26 | -1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tripadvisor. TRIPADVISOR_Reports_Second_Quarter_Earnings_Results_for_FY2023″>More…
| Operations | Investing | Financing |
| 260 | -57 | -107 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tripadvisor. TRIPADVISOR_Reports_Second_Quarter_Earnings_Results_for_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.73k | 1.95k | 5.66 |
Key Ratios Snapshot
Some of the financial key ratios for Tripadvisor are shown below. TRIPADVISOR_Reports_Second_Quarter_Earnings_Results_for_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.2% | -18.6% | 7.0% |
| FCF Margin | ROE | ROA |
| 11.9% | 9.3% | 2.7% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of TRIPADVISOR‘s fundamentals. From our assessment, we have come to the conclusion that TRIPADVISOR is a medium risk investment in terms of both financial and business aspects. We have identified two risk warnings in both the income sheet and balance sheet. If you are interested in learning more about our findings, you can sign up as a registered user and check it out. We are confident that our analysis can help provide you with valuable insight when making decisions about your investments. More…
Peers
TripAdvisor, Inc. is an online travel research company that operates a global platform with user-generated reviews and other content, and a comparison shopping website. The company operates in 45 countries and is headquartered in Needham, Massachusetts. TripAdvisor was founded in 2000 by Stephen Kaufer, Langley Steinert, and Jason Freedman, and was acquired by IAC/InterActiveCorp in 2004. Expedia Group is an American online travel shopping company for consumer and business travel. Its websites, which are primarily travel fare aggregators and travel metasearch engines, include Expedia.com, Hotels.com, trivago, Travelocity, Orbitz, and HomeAway. Expedia Group is headquartered in Bellevue, Washington, and employs over 24,000 people globally. Sabre Corporation is a travel technology company based in Southlake, Texas. The company provides software and distribution solutions that enable airlines and other travel providers to manage operations, market, and sell products and services. Sabre also offers a suite of software solutions for travel agencies, corporations, and travelers. Booking Holdings Inc. is an online travel company that owns and operates a portfolio of travel brands, including Booking.com, KAYAK, agoda, Cheapflights, and Rentalcars.com. The company offers a variety of travel services, including hotel reservations, car rentals, and flights. Booking Holdings is headquartered in Norwalk, Connecticut, and employs over 17,000 people globally.
– Expedia Group Inc ($NASDAQ:EXPE)
Expedia Group Inc is a publicly traded company with a market capitalization of $16.04 billion as of 2022. The company’s return on equity is 33.72%. Expedia Group is a global online travel company that operates a number of travel-related brands, including Expedia, Hotels.com, trivago, and HomeAway. The company offers a wide variety of travel products and services, including flights, hotels, car rentals, cruises, and vacation packages. Expedia Group is headquartered in Bellevue, Washington.
– Sabre Corp ($NASDAQ:SABR)
Sabre Corporation is a travel technology company based in Southlake, Texas. The company provides software and services to airlines and travel agencies, including reservation, distribution, and e-commerce systems. Sabre also operates a global travel marketplace, which offers a range of travel products and services.
Sabre’s market cap is $1.8 billion as of 2022. The company has a return on equity of 18.38%. Sabre provides software and services to airlines and travel agencies, including reservation, distribution, and e-commerce systems. The company also operates a global travel marketplace, which offers a range of travel products and services.
– Booking Holdings Inc ($NASDAQ:BKNG)
Booking Holdings is a global leader in online travel and related services, with a mission to make it easy for everyone to experience the world. The company operates a portfolio of leading online travel brands, including Booking.com, KAYAK, Priceline, agoda, Rentalcars.com, and OpenTable. Booking Holdings offers a wide variety of travel services, including airline tickets, hotel rooms, rental cars, cruises, and vacation packages. The company serves consumers in more than 220 countries and territories. Booking Holdings is committed to providing a great customer experience and strives to make the booking process as simple and easy as possible.
Summary
TripAdvisor‘s second quarter earnings results for the fiscal year 2023, ending June 30th 2023, saw total revenue increase 18.5% year-over-year to reach USD 494.0 million, however, net income decreased 22.6% to USD 24.0 million. The stock price for the company moved downward the same day. As an investor, it is important to consider factors such as TripAdvisor’s current market share, competitive environment, and growth potential in order to make a wise investment decision. Additionally, any analyst must consider the financial performance of the company over past quarters to determine if there are any signs of improvement or decline in their operations.
