TripAdvisor, Inc. (TRIP) Form 8-K — Nov 5, 2026
Tripadvisor reported Q3 2026 revenue of $436.4 million, down 11% year-over-year, with Hotels and Other revenue falling 23% amid accelerating traffic headwinds from changes in the search landscape. The quarter swung to a GAAP net loss of $316.9 million ($(2.70) diluted EPS), driven by a $369.5 million non-cash goodwill impairment in the Hotels and Other segment; non-GAAP net income was $43.4 million ($0.37 diluted EPS) and Adjusted EBITDA fell 34% to $71.1 million. The company completed the sale of TheFork to American Express effective November 1, 2026 for net cash consideration of approximately $741.0 million, and management expects to prioritize reducing long-term debt with the proceeds.
Key figures
- Eps
- -2.70
- Revenue
- 436400000
- Total Debt
- 814400000
- Revenue Yoy
- -11%
- Cash Position
- 706800000
- Non gaap eps
- $0.37
- Free cash flow
- -$131.2 million
- Adjusted ebitda
- $71.1 million (16.3% of revenue, -34% YoY)
- Experiences revenue
- $284.8 million (-3% YoY)
- Goodwill impairment
- $369.5 million
- Non gaap net income
- $43.4 million
- Restructuring costs
- $15-20 million pre-tax (primarily Q4 2026)
- Restructuring savings
- approximately $40 million annualized gross
- Thefork sale proceeds
- approximately $741.0 million
- Hotels and other revenue
- $151.6 million (-23% YoY)
AI analysis
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