Revenue: As of FY2026 Q1, the actual value is USD 382.4 M, missing the estimate of USD 384.69 M.EPS: As of FY2026 Q1, the actual value is USD -0.28, missing the estimate of USD -0.2742.EBIT: As of FY2026 Q1, the actual value is USD -17.4 M.<h3>Overall Financial Highlights</h3><ul><li>GAAP Net Loss: - $32.4 million for the first quarter ended March 31, 2026.</li><li>Non-GAAP Net Loss: - $13.1 million for the first quarter.</li><li>Adjusted EBITDA: $22.1 million, or 5.8% of revenue, for the first quarter.</li><li>Total Costs and Expenses: $407.6 million, a 1% decrease year-over-year.</li></ul><h3>Segment Performance</h3><h4>Experiences Segment</h4><ul><li>Adjusted EBITDA Loss: - $19.2 million (or -11.4% of revenue), compared to an adjusted EBITDA loss of - $14.1 million (or -9.1% of revenue) in the prior year period.</li><li>Experience Bookings: Approximately 5.6 million, an 11% increase year-over-year.</li><li>Gross Bookings Value (GBV): Approximately $1.2 billion, a 13% increase year-over-year.</li></ul><h4>Hotels and Other Segment</h4><ul><li>Adjusted EBITDA: $36.7 million (or 23.2% of revenue), compared to $61.4 million (or 31.2% of revenue) in the prior year period.</li></ul><h4>TheFork Segment</h4><ul><li>Adjusted EBITDA: $4.6 million (or 8.0% of revenue), compared to an adjusted EBITDA loss of - $3.5 million (or -7.5% of revenue) in the prior year period.</li><li>Total Number of Bookings: Grew approximately 6% year-over-year.</li></ul><h3>Operating Costs</h3><ul><li>Cost of Sales: $32.8 million, a 22% increase year-over-year.</li><li>Marketing: $177.6 million, a 3% increase year-over-year.</li><li>Personnel: $129.6 million, a 10% decrease year-over-year.</li><li>Technology: $25.0 million, a 10% increase year-over-year.</li><li>General and Administrative: $14.7 million, a 16% decrease year-over-year.</li></ul><h3>Cash Flow and Liquidity</h3><ul><li>Cash Flow from Operating Activities: $117.8 million, a 16% increase year-over-year.</li><li>Free Cash Flow: $101.3 million, a 22% increase year-over-year.</li><li>Cash and Cash Equivalents: $1.1 billion as of March 31, 2026, an increase of $85.5 million from December 31, 2025.</li><li>Cash Used for Senior Notes Repayment: $345.4 million on April 1, 2026.</li></ul><h3>Restructuring and Other Related Reorganization Costs</h3><ul><li>Pre-tax Restructuring and Other Related Reorganization Costs: $3.3 million incurred during the first quarter of 2026, primarily due to employee severance in the Hotels and Other segment.</li></ul><h3>Outlook</h3>Tripadvisor, Inc. reported first-quarter group revenue in line with expectations and adjusted EBITDA ahead of expectations. Management is committed to disciplined investments across marketing, product, and data to enhance the traveler experience. These priorities are expected to reinforce confidence in sustainable revenue and profit growth for both the Experiences segment and the overall Group.

Tripadvisor | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 382.4 M