Slide 1: Q2 2026 Investor Presentation
Tripadvisor Q2 2026 Investor Presentation August 2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward-Looking Statements. Our presentation today, including the slides contained herein, contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not historical facts or guarantees of future perform
Slide 3: The world's most trusted source for travel and experiences
Group The world’s most trusted source for travel and experiences 3 3
Slide 4: TheFork Transaction
TheFork Transaction Transaction originally announced June 15, 2026. Summary Benefits ● On June 14, 2026, Tripadvisor, Inc. Reinforces the Group’s operating focus (“Tripadvisor” or the “Company”) announced Reflects Tripadvisor’s stated strategy to prioritize opportunities in it entered into an agreem
Slide 5: Post-Transaction Group Structure
Post-Transaction Group Structure Remains focused on stated strategic priorities Extend leadership in Experiences Leading global online bookable World’s largest online travel Position for an AI-enabled experiences platform guidance platform future Simplify focus of legacy Unique, Large Global Strong
Slide 6: Focused on Priorities Designed to Drive Group Growth
Focused on Priorities Designed to Drive Group Growth Drive long-term growth in revenue and Extend leadership in experiences profit and expand market share under simplified, streamlined structure, strategy, and roadmap Deploy the Group’s unique data assets Position for a future of AI-enabled travel t
Slide 7: Financial Highlights
Financial Highlights 7 7
Slide 8: Revenue Performance Reflective of Group Priorities
Revenue Performance Reflective of Group Priorities Experiences-led strategy and simplification of legacy offerings shifting revenue mix Continuing Operations: Revenue Mix Experiences 1,639 1,658 1,674 1,614 Commission-based revenue facilitated directly and indirectly through platform and on behalf o
Slide 9: Quarterly Results: Continuing Operations Revenue & Adjusted EBITDA
Quarterly Results: Continuing Operations Revenue & Adjusted EBITDA Beginning in Q2 2026 results include only the Experiences and Hotels & Other segments, presented as continuing operations. Given the pending transaction, announced on June 15, 2026, TheFork is considered “held for sale,” under accoun
Slide 10: Quarterly Revenue & Adjusted EBITDA by Segment
Quarterly Revenue & Adjusted EBITDA by Segment Revenue ($M) Adj. EBITDA ($M) Experiences Revenue ($M) Adj. EBITDA ($M) Hotels & Other Note: Adjusted EBITDA is our segment profit measure. Please refer to the appendix of this presentation for its definition. 10
Slide 11: Quarterly Free Cash Flow & Liquidity
Quarterly Free Cash Flow & Liquidity Liquidity position at 06/30/2026 ($M) Free Cash Flow ($M) 1,339 Free cash flow from continuing operations is a non-GAAP measure. Please refer to “Non-GAAP Reconciliations” in the Appendix for definitions of our non-GAAP financial measures, as well as reconciliati
Slide 12: Experiences
Experiences 12 12
Slide 13: Market-leading brands driving expansion of global online experiences
Market-leading brands driving expansion of global online experiences Marketplace offering, connecting Broad coverage Global Tours and travelers and tour operators ✔ Viator OTA capturing high-intent Experiences Market travelers (Gross Bookings $B) Travelers: ✔ Tripadvisor capturing upper funnel • Eas
Slide 14: Driving growth, scale, and profitability through marketing, product & supply flywheel
Driving growth, scale, and profitability through marketing, product & supply flywheel Experiences booked growth Marketing Demand & Traffic Attracting customers through growing marketing efficiency, geographic & channel expansion Product GBV ($B) Better experience | Store Conversion via UX, personali
Slide 15: Experiences
Experiences Summary Highlights +425K 4,000+ ~$4.7B+ Bookable +70K Mid-20s Demand FY2025 GBV Experiences Operators Take Rates Partners ~4x more bookable Including Nearly Every experiences vs Travel Brand closest competitor1 Note: All figures as of year end 2025 unless otherwise noted 1. Bookable expe
Slide 16: Hotels & Other
Hotels & Other 16 16
Slide 17: Unique position at the intersection of travelers and partners
Unique position at the intersection of travelers and partners Global Travel Market Trusted source for end-to-end Durable asset that is Gross Bookings ($T) travel planning & guidance difficult to replicate Travelers: • Community-driven insight and engagement through reviews ✔ Trusted brand and forums
Slide 18: Assets positioned to support growth in experiences and data strategies
Assets positioned to support growth in experiences and data strategies UGC, data and technology valuable enablers of product and partnership across travel categories Product Productivity Partnerships 18 ● Trip planning tools, ● Engineering tools (code ● Forging content solutions guidance, and snippe
Slide 19: Hotels & Other
Hotels & Other Summary Highlights Serving Across 43 travelers global under a globally recognized and markets trusted brand Valuable assets including a trusted brand, global audience, scalable content model, high-intent data, and significant Authentic Millions supply footprint traveler of contributor
Slide 20: Thank You
Thank You
Slide 21: Note on Continuing Operations
Note on Continuing Operations Beginning in Q2 2026 consolidated results include only the Experiences and Hotels & Other segments, presented as continuing operations. Given the pending transaction, announced on June 15, 2026, TheFork is considered “held for sale,” under accounting guidelines and is c
Slide 22: Bridge to Continuing Operations
Bridge to Continuing Operations * Number previously reported in the Company's public filings. Numbers may not total due to rounding. (1) Represents intercompany transactions related to ongoing commercial agreement between the Company and TheFork, expected to continue post-divestiture, which are pres
Slide 23: Bridge to Continuing Operations (cont.)
Bridge to Continuing Operations (cont.) * Number previously reported in the Company's public filings. Numbers may not total due to rounding. (1) Represents intercompany transactions related to ongoing commercial agreement between the Company and TheFork, expected to continue post-divestiture, which
Slide 24: Bridge to Continuing Operations (cont.)
Bridge to Continuing Operations (cont.) * Number previously reported in the Company's public filings. Numbers may not total due to rounding. (1) Represents intercompany transactions related to ongoing commercial agreement between the Company and TheFork, expected to continue post-divestiture, which
Slide 25: Appendix: Reconciliation from GAAP to Non-GAAP
Appendix: Reconciliation from GAAP to Non-GAAP 25
Slide 26: Appendix
Appendix The Company believes that non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enables comparison of financial results between periods where certain items may vary independent of business performance, and allow f
Slide 27: Appendix
Appendix (7) Free Cash Flow from continuing operations. A non-GAAP measure which is defined as net cash provided by operating activities from continuing operations less capital expenditures, which are purchases of property and equipment, including capitalization of website development costs. We beli