Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.23.3
Segment Information (Tables)
9 Months Ended
Sep. 30, 2023
Segment Information  
Schedule of disaggregation of revenue

Three months ended

Nine months ended

September 30,

September 30,

2023

    

2022

2023

    

2022

Major Products/Revenue Sources:

amounts in millions

Tripadvisor Core

Tripadvisor-branded hotels

$

181

188

524

510

Tripadvisor-branded display and platform

38

33

110

97

Tripadvisor experiences and dining

55

45

138

101

Other

16

18

41

41

Total Tripadvisor Core

290

284

813

749

Viator

245

174

576

366

TheFork

42

35

115

93

Intersegment eliminations

(44)

(34)

(106)

(70)

Total Revenue

$

533

459

1,398

1,138

Schedule of contract balances

September 30, 2023

December 31, 2022

amounts in millions

Accounts receivable

$

214

173

Contract assets

20

32

Total

$

234

205

Schedule of performance measures

Three months ended September 30,

Nine months ended September 30,

2023

2022

2023

2022

amounts in millions

Tripadvisor Core

$

111

112

279

284

Viator

17

12

(15)

(8)

TheFork

(1)

(9)

(14)

(24)

Corporate and eliminations

(2)

(3)

(8)

(7)

Consolidated TripCo

$

125

112

242

245

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

Three months ended

Nine months ended

September 30,

September 30,

2023

2022

2023

2022

amounts in millions

Adjusted OIBDA

    

$

125

    

112

    

242

    

245

Stock-based compensation

 

(25)

 

(23)

(74)

 

(68)

Depreciation and amortization

 

(21)

 

(23)

(63)

 

(73)

Impairment of goodwill and intangible assets

(1,025)

(1,025)

Restructuring and other related reorganization costs

(18)

(18)

Non-recurring expenses (1)

(3)

Operating income (loss)

(964)

66

(941)

104

Interest expense

 

(17)

 

(16)

(50)

 

(49)

Dividend and interest income

13

5

36

7

Realized and unrealized gains (losses), net

(8)

(24)

(1)

35

Other, net

 

(2)

 

(4)

(4)

 

(9)

Earnings (loss) before income taxes

$

(978)

 

27

(960)

 

88

(1) Tripadvisor expensed $3 million of previously capitalized transaction costs during the nine months ended September 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.