Q1 26 EPS
$-0.11
MISS 68.45%
Est. $-0.07
Q1 26 Revenue
$382.4M
MISS 0.68%
Est. $385.0M
vs S&P Since Q1 26
+10.5%
BEATING MARKET
TRIP +10.8% vs S&P +0.3%
Market Reaction
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 th… Read more 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
TRIP 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, source: SEC Filings
TRIP Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Matt Goldberg, Q1 2026 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% |