Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Condensed Consolidated Statements of Operations        
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Total revenue, net $ 497 $ 494 $ 892 $ 865
Operating costs and expenses:        
Operating expense, including stock-based compensation (note 2) 121 112 232 209
Selling, general and administrative, including stock-based compensation (note 2) 323 321 603 591
Depreciation and amortization 20 21 42 42
Total operating costs and expenses 464 454 877 842
Operating income (loss) 33 40 15 23
Other income (expense):        
Interest expense (17) (17) (34) (33)
Dividend and interest income 13 12 26 23
Realized and unrealized gains (losses) on financial instruments, net 53 15 9 7
Other, net (1) (1) (4) (2)
Total other income (expense) 48 9 (3) (5)
Earnings (loss) before income taxes 81 49 12 18
Income tax (expense) benefit (14) (20) (57) (77)
Net earnings (loss) 67 29 (45) (59)
Less net earnings (loss) attributable to noncontrolling interests 18 19 (28) (38)
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders $ 49 $ 10 $ (17) $ (21)
Basic net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ 0.64 $ 0.13 $ (0.22) $ (0.28)
Diluted net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 3): $ 0.63 $ 0.13 $ (0.22) $ (0.28)