Tripadvisor, Inc. · NASDAQ:TRIP
Tripadvisor — Q1 2025 Earnings Presentation
24 slides from Tripadvisor's earnings presentation, May 7, 2025
Slide 1: Q1 FY 2025 Investor Presentation
Tripadvisor Q1 FY 2025 Investor Presentation May 2025
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
The world’s most trusted source for travel and experiences
Slide 4: Strategic position as the leading platform across the traveler journey
Strategic position as the leading platform across the traveler journey BRAND End-to-end platform for planning, booking, and experiencing Leading global online Leading European online World’s largest online travel bookable experiences restaurant discovery and guidance platform platform booking platfo
Slide 5: Financial Highlights
= o 3 Financial Highlights ~ | 2 : &
Slide 6: 1Q 2025 Highlights
1Q 2025 Highlights BRAND Balancing scale, growth, Positioned to drive Progressing profitability, and market sustainable profitable engagement-led share growth strategy through product delivery 12% year over year 10% year over year growth (16% constant Profile reflects shift from revenue growth (12%
Slide 7: Tripadvisor Group: Addressing the traveler journey
Tripadvisor Group: Addressing the traveler journey A diversified position in the large and growing global travel and experiences industry BRAND 2015 LTM 2025 2 2015 LTM 2025 2 2015 LTM 2025 2 7% 3% Revenue Mix % 9% of Total1 47% 43% 91% LTM 1Q25 $929 million $855 million $186 million Revenue2 -10% y
Slide 8: Consolidated Results: Quarterly Revenue & Adjusted EBITDA
Consolidated Results: Quarterly Revenue & Adjusted EBITDA Consolidated Revenue ($M) Consolidated Adj. EBITDA ($M) As % of Rev 12% 20% 23% 18% 11% Note: Consolidated Adjusted EBITDA is a non-GAAP measure. Please refer to “Non-GAAP Reconciliations” in the Appendix for definitions of our non-GAAP finan
Slide 9: Quarterly Revenue & Adjusted EBITDA by Segment
Quarterly Revenue & Adjusted EBITDA by Segment Brand Tripadvisor Viator TheFork Revenue ($M) Revenue ($M) Revenue ($M) Adj. EBITDA ($M) Adj. EBITDA ($M) Adj. EBITDA ($M) Note: Adjusted EBITDA is our segment profit measure and is defined as net income (loss) plus:(1) provision (benefit) for income ta
Slide 10: Quarterly Free Cash Flow & Liquidity
Quarterly Free Cash Flow & Liquidity Liquidity position at Free Cash Flow ($M) 3/31/2025 ($M) 1,651 Notes: Q2 2024 cash from operations and free cash flow included a U.S. Federal tax payment of $141 million and Q4 2024 cash from operations included a refund of $42 million, both related to a separate
Slide 11: Segment Level Overview
Segment Level Overview
Slide 12: Brand Tripadvisor Overview
Brand Tripadvisor Overview Global Travel Market Trusted source for end-to-end Durable asset that is difficult to Gross Bookings ($T) travel guidance replicate 1.8 Travelers: 1.4 ✔ Trusted brand • Community-driven insight and engagement through reviews and forums ✔ Authentic UGC • Bookings for hotels
Slide 13: Brand: Trip planning the core pillar of engagement
Brand Trip planning the core pillar of engagement Product, data and technology are enablers of our strategy Deliver world-class guidance through Expand our two-track Differentiated app Drive more member marketplace model experience benefits authentic traveler content • Accelerate experiences • Guida
Slide 14: Brand Tripadvisor Summary Highlights
Brand Tripadvisor Summary Highlights ~300M 43 Valuable assets including a trusted Monthly Unique Global Markets brand, global audience, scalable Users content model, high-intent data, and significant supply footprint Multiple ways of connecting consumers with our partners +100M 1B+ Active Members* R
Slide 15: Leading global online experiences platform
Leading global online experiences platform Global Tours and Overview Experiences Market Platform connecting travelers and tour (Gross Bookings $B) operators Travelers: Favorable tailwinds for • Easy discovery of high-quality global experiences experiences reviewed and confirmed ✔ Offline to online g
Slide 16: Investment today in building market share
Investment today in building market share Building scale Acquiring users today, building a long-term profitable business +$4B or Total Gross Booking Value ~23% CAGR (all POS) (2019-2024) Delivering increasing profitability through • Higher rates of repeat bookers • Higher subsequent repeat order val
Slide 17: Summary Highlights
Summary Highlights ~400K 4,000+ $4B+ Bookable 65K+ Mid-20s Demand FY2024 GBV Experiences Take Rates Partners ~4x more bookable Operators Including Nearly Every experiences vs Travel Brand closest competitor1 Note: All figures as of year end 2024 unless otherwise noted Tripadvisor 17 1. Bookable expe
Slide 18: Leading marketplace for restaurant bookings in Europe
Leading marketplace for restaurant bookings in Europe Overview Platform for European restaurant Leader in an underpenetrated All listings and reservations market restaurants ✔ Leading player in every EU market in which TheFork operates, currently in Europe Diners: present in 11 countries across • Re
Slide 19: Balancing growth and increasing profitability
Balancing growth and increasing profitability Grow restaurant base ● Value-add products and services ● Tools that elevate partners: booking and yield management, analytic insights and CRM Reach more travelers ● Product focus (app) ● Unmatched volume and diversity of content in core markets ● Driving
Slide 20: Summary Highlights
Summary Highlights 11 55K+ ~75% 20M+ 75%+ Number of Ratings, Bookings Bookable Bookings via Countries Reviews & from Repeat Restaurants Mobile App Operating Photos Diners Note: All figures as of year end 2024 unless otherwise noted Tripadvisor 20
Slide 21: Segment Strategy Summary
Segment Strategy Summary 1 Brand Tripadvisor: Focusing on engagement and delivering world-class guidance products to fuel our diverse monetization paths 2 Viator: Reinforcing our leadership position in experiences by investing in awareness, enhanced products, and repeat bookings to capture more mark
Slide 22: Thank You
Thank You
Slide 23: Appendix
Appendix Tripadvisor @ Tripadvisor (in $millions) Reconciliation from GAAP Net Income (Loss) to Adjusted EBITDA (Non-GAAP): GAAP Net Income (Loss) Add: Provision (benefit) for income taxes Add: Other expense (income), net Add: Restructuring and other related reorganization costs Add: Legal reserves
Slide 24: 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