Financials Tripadvisor, Inc.

Equities

TRIP

US8969452015

Leisure & Recreation

Market Closed - Nasdaq Other stock markets 21:00:00 18/07/2025 BST			5-day change	1st Jan Change
17.51 ^USD	0.00%		-2.72%	+18.55%

07-10	Andreessen Horowitz moves out of Delaware, citing state's legal 'bias'	RE
07-03	Tech Advances as Rotation Out of Sector Reverses on Jobs Data - Tech Roundup	DJ

Projected Income Statement: Tripadvisor, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	604	902	1,492	1,788	1,835	1,937	2,074	2,227
Change	-	49.34%	65.41%	19.84%	2.63%	5.54%	7.11%	7.37%
EBITDA ¹	-51	100	295	334	339	335.9	377.2	423.8
Change	-	296.08%	195%	13.22%	1.5%	-0.9%	12.29%	12.34%
EBIT ¹	-329	-131	101	126	92	114.4	154.6	155.8
Change	-	60.18%	177.1%	24.75%	-26.98%	24.32%	35.21%	0.71%
Interest Paid ¹	-35	-45	-44	-44	-46	-41.37	-37.17	-53
Earnings before Tax (EBT) ¹	-369	-185	67	125	87	109.7	150.4	159
Change	-	49.86%	136.22%	86.57%	-30.4%	26.09%	37.14%	5.69%
Net income ¹	-289	-148	20	10	5	76.84	107.1	118.8
Change	-	48.79%	113.51%	-50%	-50%	1,436.73%	39.34%	10.92%
Announcement Date	18/02/21	16/02/22	14/02/23	14/02/24	20/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	59	151	116	123	235	303	241	262	417	459	354	371	494	533	390	395	497	532	411	398	529.3	571.5	440.2	419.7	559.7	602.7	463.6	447.2
Change	-	155.93%	-23.18%	6.03%	91.06%	28.94%	-20.46%	8.71%	59.16%	10.07%	-22.88%	4.8%	33.15%	7.89%	-26.83%	1.28%	25.82%	7.04%	-22.74%	-3.16%	32.99%	7.97%	-22.97%	-4.65%	33.34%	7.69%	-23.08%	-3.53%
EBITDA ¹	-74	15	-32	-26	25	72	29	27	109	115	43	33	90	127	84	47	97	122	73	44	93.5	124.8	73.69	45.08	106.3	128.5	80.08	49.54
Change	-	120.27%	-313.33%	18.75%	196.15%	188%	-59.72%	-6.9%	303.7%	5.5%	-62.61%	-23.26%	172.73%	41.11%	-33.86%	-44.05%	106.38%	25.77%	-40.16%	-39.73%	112.5%	33.45%	-40.94%	-38.83%	135.89%	20.89%	-37.7%	-38.14%
EBIT ¹	-164	-46	-92	-84	-35	16	-28	-20	63	70	-13	-14	44	64	31	-15	36	70	-	-15	41.78	73.48	23.79	-10.08	50.55	74.65	26.23	-
Change	-	71.95%	-100%	8.7%	58.33%	145.71%	-275%	28.57%	415%	11.11%	-118.57%	-7.69%	414.29%	45.45%	-51.56%	-148.39%	340%	94.44%	-	-	378.56%	75.85%	-67.62%	-142.36%	601.61%	47.68%	-64.86%	-
Charge d'intérêts ¹	-15	-12	-13	-11	-11	-12	-11	-12	-11	-11	-11	-11	-11	-11	-11	-11	-11	-13	-11	-12	-10	-9.867	-9.533	-8.65	-8.65	-9.15	-9.65	-
Earnings before Tax (EBT) ¹	-179	-58	-105	-96	-46	3	-47	-33	53	62	-16	-15	44	64	32	-16	38	66	-1	-20	38.5	70.89	20.86	-13.57	49.52	73.6	25.43	-
Change	-	67.6%	-81.03%	8.57%	52.08%	106.52%	-1,666.67%	29.79%	260.61%	16.98%	-125.81%	6.25%	393.33%	45.45%	-50%	-150%	337.5%	73.68%	-101.52%	-1,900%	292.49%	84.14%	-70.57%	-165.03%	465.05%	48.62%	-65.45%	-
Net income ¹	-153	-48	-72	-80	-40	1	-29	-34	31	25	-3	-73	24	27	32	-59	24	39	2	-11	27.31	48.89	13.02	-9.942	32.8	48.87	14.96	-6.874
Change	-	68.63%	-50%	-11.11%	50%	102.5%	-3,000%	-17.24%	191.18%	-19.35%	-112%	-2,333.33%	132.88%	12.5%	18.52%	-284.38%	140.68%	62.5%	-94.87%	-650%	348.29%	78.99%	-73.37%	-176.38%	429.86%	49.02%	-69.39%	-145.95%
Announcement Date	06/08/20	05/11/20	18/02/21	06/05/21	05/08/21	08/11/21	16/02/22	04/05/22	04/08/22	07/11/22	14/02/23	03/05/23	02/08/23	06/11/23	14/02/24	08/05/24	06/08/24	06/11/24	20/02/25	07/05/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Tripadvisor, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	144	175	-185	-228	-185	-109	0.88	-178
Change	-	21.53%	-205.71%	-23.24%	18.86%	41.08%	100.81%	-20,327.27%
Announcement Date	18/02/21	16/02/22	14/02/23	14/02/24	20/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Tripadvisor, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	55	54	56	63	74	78.4	83.98	87.21
Change	-	-1.82%	3.7%	12.5%	17.46%	5.94%	7.12%	3.85%
Free Cash Flow (FCF) ¹	-249	54	344	172	70	217.3	288.3	338
Change	-	121.69%	537.04%	-50%	-59.3%	210.45%	32.65%	17.25%
Announcement Date	18/02/21	16/02/22	14/02/23	14/02/24	20/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Tripadvisor, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-8.44%	11.09%	19.77%	18.68%	18.47%	17.35%	18.19%	19.03%
EBIT Margin (%)	-54.47%	-14.52%	6.77%	7.05%	5.01%	5.91%	7.46%	6.99%
EBT Margin (%)	-61.09%	-20.51%	4.49%	6.99%	4.74%	5.66%	7.25%	7.14%
Net margin (%)	-47.85%	-16.41%	1.34%	0.56%	0.27%	3.97%	5.16%	5.33%
FCF margin (%)	-41.23%	5.99%	23.06%	9.62%	3.81%	11.22%	13.9%	15.18%
FCF / Net Income (%)	86.16%	-36.49%	1,720%	1,720%	1,400%	282.83%	269.26%	284.61%
Profitability
ROA	-7.53%	-1.93%	4.49%	7.29%	7.38%	5.59%	6.9%	4.9%
ROE	-14.54%	-4.9%	13.21%	21.48%	20.73%	23.59%	37.23%	24.61%
Financial Health
Leverage (Debt/EBITDA)	-2.82x	1.75x	-	-	-	-	0x	-
Debt / Free cash flow	-0.58x	3.24x	-	-	-	-	0x	-
Capital Intensity
CAPEX / Current Assets (%)	9.11%	5.99%	3.75%	3.52%	4.03%	4.05%	4.05%	3.92%
CAPEX / EBITDA (%)	-107.84%	54%	18.98%	18.86%	21.83%	23.34%	22.26%	20.58%
CAPEX / FCF (%)	-22.09%	100%	16.28%	36.63%	105.71%	36.07%	29.13%	25.8%
Items per share
Cash flow per share ¹	-1.437	0.7883	2.74	-	-	2.859	2.646	-
Change	-	154.86%	247.58%	-	-	-	-7.45%	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	6.563	5.717	5.897	6.007	6.726	3.892	6.569	7.441
Change	-	-12.88%	3.14%	1.86%	11.98%	-42.14%	68.78%	13.28%
EPS ¹	-2.14	-1.08	0.14	0.08	0.04	0.5825	0.8365	0.9896
Change	-	49.53%	112.96%	-42.86%	-50%	1,356.25%	43.6%	18.3%
Nbr of stocks (in thousands)	134,525	138,181	140,586	138,515	139,336	118,092	118,092	118,092
Announcement Date	18/02/21	16/02/22	14/02/23	14/02/24	20/02/25	-	-	-