Q2 24 EPS
$0.39
BEAT +5.41%
Est. $0.37
Q2 24 Revenue
$497.0M
MISS 1.55%
Est. $504.8M
vs S&P Since Q2 24
-55.7%
TRAILING MARKET
TRIP -14.3% vs S&P +41.4%
Market Reaction
Did TRIP Beat Earnings? Q2 2024 Results
TripAdvisor posted a mixed second quarter for 2024, delivering a narrow earnings beat alongside a modest revenue miss as its growth segments gained meaningful ground but its legacy core continued to weigh on top-line results. The company reported non… Read more TripAdvisor posted a mixed second quarter for 2024, delivering a narrow earnings beat alongside a modest revenue miss as its growth segments gained meaningful ground but its legacy core continued to weigh on top-line results. The company reported non-GAAP diluted EPS of $0.39, edging past the $0.37 consensus by 5.41%, while revenue of $497.00 million fell just short of the $504.83 million estimate, rising only 0.6% year-over-year. The clearest story inside the results was the divergence between segments; Viator contributed $244.00 million in revenue, up 13%, and swung to $10.00 million in adjusted EBITDA from a prior-year loss, while TheFork similarly turned profitable, even as Brand TripAdvisor's revenue slid 10% to $250.00 million. Adjusted EBITDA for the consolidated business reached $97.00 million, a 20% margin. Management pointed to improving execution and product investment across all three segments as the foundation for sustainable long-term revenue and profit growth, signaling confidence despite the near-term top-line pressure.
Key Takeaways
- • Viator experiences revenue growth of 13% driven by gross bookings value growth of approximately 8%
- • Selling and marketing cost efficiency improved to 53% of revenue from 55% year-over-year
- • All three segments contributed to profitability for the first time
- • TheFork achieved positive adjusted EBITDA of $3 million vs. loss of $4 million year-ago
- • Brand Tripadvisor branded hotels revenue declined 14% creating top-line headwinds
TRIP YoY Financials
Q2 2024 vs Q2 2023, source: SEC Filings
TRIP Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our second quarter consolidated financial results were in-line with our expectations, which reflects ongoing progress on our segment strategies. This was the first quarter on record that each of our three segments contributed to our profitability. Our teams continue to deliver value through product innovation, marketing efficiency, and day-to-day execution, which we expect to drive long-term sustainable growth in revenue and profit as we build on our durable position across travel and experiences.”
— Matt Goldberg, Q2 2024 Earnings Press Release
TRIP Earnings Trends
TRIP vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TRIP EPS Trend
Earnings per share: estimate vs actual
TRIP Revenue Trend
Quarterly revenue: estimate vs actual
TRIP Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $-0.07 | $-0.11 | -68.45% | $382.4M | -0.68% |
| Q4 25 MISS FY | $0.13 | $0.04 | -69.63% | $411.0M | -0.40% |
| FY Full Year | — | $1.27 | — | $1.89B | — |
| Q3 25 BEAT | $0.55 | $0.65 | +17.84% | $553.0M | -1.71% |
| Q2 25 BEAT | $0.43 | $0.46 | +7.88% | $529.0M | -0.13% |
| Q1 25 BEAT | $0.05 | $0.14 | +174.51% | $398.0M | +2.66% |
| Q4 24 BEAT FY | $0.21 | $0.30 | +40.85% | $411.0M | +2.75% |
| FY Full Year | $1.21 | $1.30 | +7.23% | $1.84B | +0.58% |
| Q3 24 BEAT | $0.44 | $0.50 | +13.64% | $532.0M | +0.78% |
| Q2 24 BEAT | $0.37 | $0.39 | +5.41% | $497.0M | -1.55% |