Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.23.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2023
Segment Information  
Schedule of disaggregation of revenue

Three months ended

Six months ended

June 30,

June 30,

2023

    

2022

2023

    

2022

Major Products/Revenue Sources:

amounts in millions

Tripadvisor Core

Tripadvisor-branded hotels

$

174

188

343

322

Tripadvisor-branded display and platform

42

37

72

63

Tripadvisor experiences and dining

50

35

83

56

Other

13

14

25

24

Total Tripadvisor Core

279

274

523

465

Viator

216

136

331

192

TheFork

38

32

73

58

Intersegment eliminations

(39)

(25)

(62)

(36)

Total Revenue

$

494

417

865

679

Schedule of contract balances

June 30, 2023

December 31, 2022

amounts in millions

Accounts receivable

$

211

173

Contract assets

29

32

Total

$

240

205

Schedule of performance measures

Three months ended June 30,

Six months ended June 30,

2023

2022

2023

2022

amounts in millions

Tripadvisor Core

$

96

116

168

172

Viator

(2)

(31)

(20)

TheFork

(4)

(7)

(14)

(15)

Corporate and eliminations

(3)

(1)

(6)

(4)

Consolidated TripCo

$

87

108

117

133

Reconciliation of consolidated Adjusted OIBDA to operating income and earnings (loss) before income taxes

Three months ended

Six months ended

June 30,

June 30,

2023

2022

2023

2022

amounts in millions

Adjusted OIBDA

    

$

87

    

108

    

117

    

133

Stock-based compensation

 

(26)

 

(23)

(49)

 

(45)

Depreciation and amortization

 

(21)

 

(25)

(42)

 

(50)

Non-recurring expenses (1)

(3)

Operating income (loss)

40

60

23

38

Interest expense

 

(17)

 

(16)

(33)

 

(33)

Dividend and interest income

12

2

23

2

Realized and unrealized gains (losses), net

15

71

7

59

Other, net

 

(1)

 

(4)

(2)

 

(5)

Earnings (loss) before income taxes

$

49

 

113

18

 

61

(1) Tripadvisor expensed $3 million of previously capitalized transaction costs during the six months ended June 30, 2023 to selling, general and administrative, including stock-based compensation on the condensed consolidated statement of operations. Tripadvisor considers such costs to be non-recurring in nature.