Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Condensed Consolidated Statements of Operations      
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Total revenue, net $ 1,835 $ 1,788 $ 1,492
Operating costs and expenses:      
Cost of sales (exclusive of depreciation and amortization as shown separately below) 131 119 78
Marketing 729 705 576
Personnel, including stock-based compensation (note 2) 595 570 503
Technology 91 80 63
General and administrative, including stock-based compensation (note 2) 107 92 87
Depreciation and amortization 85 87 97
Restructuring and other related reorganization costs (note 12) 21 22  
Impairment of goodwill and intangible assets (note 4) 663 1,025  
Total operating costs and expenses 2,422 2,700 1,404
Operating income (loss) (587) (912) 88
Other income (expense):      
Interest expense (71) (67) (65)
Dividend and interest income 50 49 16
Realized and unrealized gains (losses) on financial instruments, net 5 (32) 62
Other, net (9) (5) (8)
Total other income (expense) (25) (55) 5
Earnings (loss) before income taxes (612) (967) 93
Income tax (expense) benefit (note 7) (49) (53) (47)
Net earnings (loss) (661) (1,020) 46
Less net earnings (loss) attributable to the noncontrolling interests (483) (735) 16
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders $ (178) $ (285) $ 30
Basic net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 2): $ (2.31) $ (3.75) $ 0.39
Diluted net earnings (loss) attributable to Series A and Series B Liberty TripAdvisor Holdings, Inc. shareholders per common share (note 2): $ (2.31) $ (3.75) $ 0.39