Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.23.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2023
Segment Information  
Schedule of disaggregation of revenue

Three months ended

March 31,

2023

    

2022

Major Products/Revenue Sources:

amounts in millions

Tripadvisor Core

Tripadvisor-branded hotels

$

168

135

Tripadvisor-branded display and platform

30

26

Tripadvisor experiences and dining

33

20

Other

13

10

Total Tripadvisor Core

244

191

Viator

115

56

TheFork

35

26

Intersegment eliminations

(23)

(11)

Total Revenue

$

371

262

Schedule of contract balances

March 31, 2023

December 31, 2022

amounts in millions

Accounts receivable

$

175

173

Contract assets

35

32

Total

$

210

205

Schedule of performance measures

Three months ended March 31,

2023

2022

amounts in millions

Tripadvisor Core

    

$

72

55

Viator

(30)

(20)

TheFork

(9)

(8)

Corporate and eliminations

(3)

(2)

Consolidated TripCo

$

30

25

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

Three months ended

March 31,

2023

2022

amounts in millions

Adjusted OIBDA

    

$

30

    

25

Stock-based compensation

 

(23)

 

(22)

Depreciation and amortization

 

(21)

 

(25)

Non-recurring expenses (1)

(3)

Operating income (loss)

(17)

(22)

Interest expense

 

(16)

 

(17)

Dividend and interest income

11

Realized and unrealized gains (losses), net

(8)

(12)

Other, net

 

(1)

 

(1)

Earnings (loss) before income taxes

$

(31)

 

(52)

(1) Tripadvisor expensed $3 million of previously capitalized transaction costs during the three months ended March 31, 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.