Earnings Releases·Nov 5, 2026, 7:06 AM ET

Tripadvisor — Third Quarter 2026 Earnings Summary

Total revenue declined 11% year-over-year to $436.4 million, driven by an 81% surge in total costs and expenses primarily due to a $369.5 million non-cash goodwill impairment charge, resulting in a GAAP net loss of $316.9 million versus prior year net income of $48.5 million.
Non-GAAP net income fell 39% year-over-year to $43.4 million ($0.37 diluted EPS), while Adjusted EBITDA dropped 34% to $71.1 million, with both Experiences and Hotels & Other segments reporting revenue declines of 3% and 23% respectively.
Management initiated a restructuring plan targeting $40 million in annualized gross savings, with estimated pre-tax restructuring costs of $15 million to $20 million expected in Q4 2026, alongside a strategic pivot to simplify the Hotels and Other segment and reallocate resources to Experiences.
The company completed the sale of TheFork to American Express for approximately $741.0 million net cash consideration effective November 1, 2026, with proceeds earmarked to prioritize long-term debt reduction and enhance capital structure flexibility.