Q2 25 EPS
$0.46
BEAT +7.88%
Est. $0.43
Q2 25 Revenue
$529.0M
MISS 0.13%
Est. $529.7M
vs S&P Since Q2 25
-41.4%
TRAILING MARKET
TRIP -26.3% vs S&P +15.1%
Market Reaction
Did TRIP Beat Earnings? Q2 2025 Results
TripAdvisor posted a mixed but broadly encouraging second quarter, beating Wall Street's earnings expectations while revenue came in just shy of forecasts. The company reported non-GAAP diluted EPS of $0.46, clearing the $0.43 consensus estimate by 7… Read more TripAdvisor posted a mixed but broadly encouraging second quarter, beating Wall Street's earnings expectations while revenue came in just shy of forecasts. The company reported non-GAAP diluted EPS of $0.46, clearing the $0.43 consensus estimate by 7.88%, as revenue of $529.00 million grew 6.4% year over year but fell fractionally short of the $529.71 million analyst target. The clearest driver of the earnings beat was Viator, TripAdvisor's experiences marketplace, which nearly tripled its adjusted EBITDA to $32.00 million and expanded its margin from 4.0% to 11.9%, offsetting continued softness in the legacy Brand Tripadvisor segment, where revenue slipped 3% to $242.00 million. GAAP net income climbed 49% to $36.00 million, and operating cash flow surged to $202.00 million from $53.00 million a year ago. Looking ahead, management signaled continued investment in its highest-growth travel and experiences businesses, framing the back half of 2025 as an opportunity to build on Viator's improving profitability and TheFork's accelerating momentum.
Key Takeaways
- • Viator experience bookings grew approximately 15% YoY to 6.2 million
- • Viator gross bookings value reached $1.3 billion, up approximately 13% YoY
- • TheFork bookings grew approximately 9% YoY
- • Viator adjusted EBITDA margin expanded from 4.0% to 11.9%
- • TheFork adjusted EBITDA margin expanded from 7.3% to 16.2%
- • Personnel costs decreased 3% YoY to 28.2% of revenue from 30.8%
- • General and administrative costs decreased 37% YoY
- • Changing financial mix towards growth marketplaces (Viator and TheFork)
TRIP YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
TRIP Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are pleased with our second quarter results, a reflection of the value we're driving to our customers and partners across the globe. This quarter is another example of our disciplined investment decisions and execution, and the changing composition of our financial mix towards our growth marketplaces. As we look to the back half of the year and beyond, we will continue to prioritize the highest growth opportunities across travel by leveraging our unique assets and trusted position across travel and experiences.”
— Matt Goldberg, Q2 2025 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% |