Liberty TripAdvisor Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

Segment Information (Tables)

12 Months Ended

Dec. 31, 2023


	Years ended December 31,
	2023			2022		2021
			Adjusted		Adjusted		Adjusted
	Revenue		OIBDA	Revenue	OIBDA	Revenue	OIBDA

	amounts in millions
Brand Tripadvisor	$	1,031	348	966	345	665	177
Viator		737	—	493	(11)	184	(31)
TheFork		154	(14)	126	(39)	85	(46)
Corporate and eliminations		(134)	(10)	(93)	(8)	(32)	(10)
Consolidated TripCo	$	1,788	324	1,492	287	902	90

Schedule of revenue by geographic area


	December 31,
	2023		2022	2021

	amounts in millions
United States	$	1,198	905	526
United Kingdom		349	402	259
Other countries		241	185	117
Consolidated TripCo	$	1,788	1,492	902

Schedule of long-lived assets by geographic area


	December 31,
	2023		2022

	amounts in millions
United States	$	82	94
Other countries		5	9
Consolidated TripCo	$	87	103

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


	Years ended December 31,
	2023		2022	2021

	amounts in millions
Adjusted OIBDA	$	324	287	90
Stock-based compensation		(99)	(93)	(125)
Depreciation and amortization		(87)	(97)	(150)
Impairment of goodwill and intangible assets		(1,025)	—	—
Restructuring and related reorganization costs		(22)	—	—
Other non-recurring expenses (1) (2)		(3)	(8)	—
Legal reserves and settlements		—	(1)	—
Operating income (loss)		(912)	88	(185)
Interest expense		(67)	(65)	(60)
Dividend and interest income		49	16	1
Realized and unrealized gains (losses) on financial instruments, net		(32)	62	251
Other, net		(5)	(8)	(12)
Earnings (loss) before income taxes	$	(967)	93	(5)

(1)Tripadvisor expensed $3 million of previously capitalized transaction costs during the year ended December 31, 2023 to selling, general and administrative, including stock-based compensation on the consolidated statement of operations. Tripadvisor considers such costs to be non-recurring in nature.

(2)Tripadvisor incurred a loss of approximately $8 million during the fourth quarter of 2022, as the result of external fraud, which was recorded to selling, general and administrative, including stock-based compensation on the consolidated statement of operations during the year ended December 31, 2022. Tripadvisor considers such costs to be non-recurring in nature. To the extent Tripadvisor recovers any losses in future periods related to this incident, Tripadvisor plans to reduce Adjusted OIBDA by the recovery amount in those periods.