Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

The elimination of such intersegment transactions is included within the “Corporate & Eliminations” column in the tables below.


	Three months ended March 31, 2025
	Brand Tripadvisor (1)			Viator (2)			TheFork (3)			Corporate & Eliminations			Total
	(in millions)
External revenue	$	196		$	156		$	46		$	—		$	398
Intersegment revenue		23			—			—			(23	)		—
Total Revenue	$	219		$	156		$	46		$	(23	)	$	398
Less: (4)
Cost of sales		5			17			5			—			27
Marketing		62			114			19			(23	)		172
Personnel (exclusive of stock-based compensation as shown separately below)		65			32			19			—			116
Technology		12			7			3			—			22
General and administrative		10			4			3			—			17
Adjusted EBITDA		65			(18	)		(3	)		—			44
Depreciation and amortization											(21	)		(21	)
Stock-based compensation											(28	)		(28	)
Restructuring and other related reorganization costs (5)		(9	)		—			(1	)					(10	)
Operating income (loss)														(15	)
Other income (expense), net														(5	)
Income (loss) before income taxes														(20	)
(Provision) benefit for income taxes														9
Net income (loss)														(11	)


	Three months ended March 31, 2024
	Brand Tripadvisor (1)		Viator (2)			TheFork (3)			Corporate & Eliminations			Total
	(in millions)
External revenue	$	213	$	141		$	41		$	—		$	395
Intersegment revenue		27		—			—			(27	)		—
Total Revenue	$	240	$	141		$	41		$	(27	)	$	395
Less: (4)
Cost of sales		6		16			3			—			25
Marketing		61		113			15			(27	)		162
Personnel (exclusive of stock-based compensation as shown separately below)		70		30			21			—			121
Technology		13		6			3			—			22
General and administrative (6)		12		3			3			—			18
Adjusted EBITDA		78		(27	)		(4	)		—			47
Depreciation and amortization										(22	)		(22	)
Stock-based compensation										(28	)		(28	)
Restructuring and other related reorganization costs							(1	)					(1	)
Legal reserves, settlements and other (7)										(10	)		(10	)
Transaction related expenses										(1	)		(1	)
Operating income (loss)													(15	)
Other income (expense), net													(1	)
Income (loss) before income taxes													(16	)
(Provision) benefit for income taxes													(43	)
Net income (loss)													(59	)

(1)

Corporate general and administrative personnel costs of $2 million for both the three months ended March 31, 2025 and 2024 were allocated to the Viator and TheFork segments.

(2)

Includes allocated corporate general and administrative personnel costs from the Brand Tripadvisor segment of $1 million in each of the three months ended March 31, 2025 and 2024.

(3)

Includes allocated corporate general and administrative personnel costs from the Brand Tripadvisor segment of $1 million in each of the three months ended March 31, 2025 and 2024.

(4)

The significant segment expense categories and amounts align with the segment-level information that is regularly provided to our CODM.

(5)

Refer to “Note 5: Accrued Expenses and Other Current Liabilities” for information regarding restructuring and other related reorganization costs.

(6)

Exclusive of $11 million in the Brand Tripadvisor segment which is included separately below in legal reserves, settlements and other and transaction related expenses.

(7)

Represents an estimated accrual for the potential settlement of a regulatory related matter of $10 million expensed during the first quarter of 2024 and is reflected in general and administrative expenses on our unaudited condensed consolidated statement of operations. Refer to "Note 8: Commitments and Contingencies" for further information.