Companies /Consumer Cyclical

TripAdvisor Inc

NASDAQ: TRIP Travel Services
$9.67
▼ $0.21 (−2.08%) today
Markets open · 3:17pm ET

Q1 2026 Earnings

Reported May 7, 2026, 7:01am ET · SEC source
$-0.11
Miss −68.45%
EPS · est. $-0.07
$382.4M
Miss −0.68%
Revenue · est. $385.0M
+5.7%
Beating market
TRIP vs S&P since report
2 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
−6%−3%0May 7May 8report 7:01am ETearnings+0.3%−4.6%
−6%−3%0May 7May 8earnings+0.3%−4.6%
TRIP −4.6%S&P 500 +0.3%
−6%−3%0May 7May 8report 7:01am ETearnings+2.0%−4.6%
−6%−3%0May 7May 8earnings+2.0%−4.6%
TRIP −4.6%NASDAQ +2.0%
−14%−7%0May 6May 14report 7:01am ETearnings+1.7%−14.8%
−14%−7%0May 6May 14earnings+1.7%−14.8%
TRIP −14.8%S&P 500 +1.7%
−14%−7%0May 6May 14report 7:01am ETearnings+3.4%−14.8%
−14%−7%0May 6May 14earnings+3.4%−14.8%
TRIP −14.8%NASDAQ +3.4%
+0.45%
Day of report
−6.95%
Next session
−14.51%
One week
+6.41%
30 days

S&P 500 over the same 30 days: +0.75%.

Did TRIP Beat Earnings? Q1 2026 Results

TripAdvisor delivered a disappointing first quarter for fiscal 2026, missing on both top and bottom lines as pressure on its legacy Hotels business weighed heavily on results. The company posted a non-GAAP loss of $0.11 per share, falling short of the consensus estimate of $0.07 by 68.45%, snapping a streak of four consecutive quarterly EPS beats. Revenue came in at $382.40 million, a 3.9% decline year-over-year and just below the $385.01 million analysts had expected. The central drag was the Hotels and Other segment, where revenue tumbled 20% to $157.90 million as the legacy metasearch model continued to erode. Offsetting that weakness, the strategic pivot toward Experiences showed momentum, with segment revenue growing 8% to $167.90 million and TheFork swinging to a $4.60 million adjusted EBITDA profit from a loss a year ago. Adjusted EBITDA for the group landed at $22.10 million, a 5.8% margin. Management acknowledged macro headwinds but expressed confidence in sustainable revenue and profit growth, with AI-enabled product investments and continued restructuring savings expected to support the experiences-led strategy ahead.

Key Takeaways
  • Experiences segment grew 8% YoY driven by 11% increase in experience bookings and 13% GBV growth
  • TheFork revenue grew 23% with a swing to positive adjusted EBITDA
  • Hotels and Other revenue declined 20% as the company simplifies its legacy portfolio
  • Personnel cost reductions of 10% from Q4 2025 restructuring actions
  • Strong operating cash flow of $117.8 million driven by favorable working capital changes

“We kicked off 2026 by delivering Q1 Group revenue in-line and adjusted EBITDA ahead of expectations, despite the dynamic changes in the macro environment between the start and end of the period.”

TripAdvisor CEO, on the earnings call

Forward Guidance & Outlook

Management expressed confidence in sustainable revenue and profit growth for both the Experiences segment and the Group overall, despite acknowledging macro uncertainties. The company remains committed to disciplined investments across marketing, product, and data to deliver a best-in-class traveler experience. Strategic priorities include driving durable leadership in Experiences, simplifying the portfolio, and focusing on AI-enabled capabilities. The Q4 2025 restructuring actions are expected to continue yielding cost savings to support the company's experiences-led strategy.

TRIP YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$200.0M$400.0M$398.0M$382.4MRevenue$-78,750,000$-25,200,000Operating Income
$0$200.0M$400.0MRevenueOperating Income

TRIP Revenue by Segment

Viator
Brand Tripadvisor
Experiences$167.9M+8.0%
Hotels and Other$157.9M−20.0%
Branded Hotels
Tripadvisor Branded Hotels
Tripadvisor-branded hotels
Hotels$114.4M−23.0%

Figures from SEC filings and company reports. Not investment advice.