EarningsQ1 2026 Earnings Report
MX:TRIP Q1 2026 EPS Results
Actual EPS-$2.00
Consensus EPS-$1.18
Beat/MissMissed by -$0.82
One Year Ago EPS$2.54
MX:TRIP Q1 2026 Revenue Results
Actual Revenue$6.94B
Expected Revenue$6.99B
Beat/MissMissed by -$41.62M
YoY Revenue Growth-3.92%
Earnings Announcement Details
QuarterQ1 2026
Date05/07/2026
TimeBefore Open
Conference CallThursday, May 7, 2026
MX:TRIP Upcoming Earnings
TripAdvisor's next earnings date is estimated for November 9, 2026, based on past reporting schedules.
Q1 2026 Earnings Call Audio
MX:TRIP Q1 2026 Earnings Call
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Q1 2026 Earnings Slide Deck
Q1 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed balanced progress: strong execution on the strategic pivot to experiences and AI (momentum in Jan–Feb, product and conversion gains, robust cash flow, and outsized Fork performance) but material near-term headwinds from geopolitical events and destination-specific disruptions that compressed revenue growth and experiences profitability in March. Management expects recovery through Q2 but guided conservatively given macro uncertainty, leading to muted near-term revenue outlook while highlighting structural progress and productivity gains.Company Guidance
Consolidated Profitability Beats Expectations
Q1 consolidated adjusted EBITDA of $22M (6% of revenue) came in slightly above expectations despite a challenging macro environment.
Strong Cash Generation
Operating cash flow of $118M and free cash flow of $101M in Q1; cash and equivalents of ~$1.1B at March 31 (subsequently reduced by ~$345M to repay convertible notes on April 1).
Experiences Momentum (Jan–Feb)
Experiences GBV accelerated to ~19% growth in January and February (Viator bookings and GBV >20% in those months); overall Q1 GBV grew 13% to ~ $1.2B and bookings grew 11% for the quarter.
Conversion and Product Improvements
Tripadvisor point-of-sale conversion improved more than 20% over the last two quarters; AI-assisted supply onboarding doubled sign-up conversion; direct/app channels grew ahead of segment average.
Fork (Restaurant Marketplace) Outperformance
Fork Q1 revenue $57M, up 23% (11% in constant currency); B2B and partnerships revenue grew >50% (including ~12 pts currency tailwind); adjusted EBITDA $5M (~8% margin) with margin expansion of over 15 percentage points.
AI & Productivity Gains
AI adoption: ~40% of B2C customer support queries handled by AI; AI-native pilot reported 5–7x increase in average engineering output; partnerships launched with OpenAI, Microsoft, Amazon and Anthropic with early high-conversion AI traffic.
Cost Reduction Progress
Total fixed costs down ~14% and personnel costs down ~18% year-over-year; personnel costs (excluding share-based comp) at ~28% of revenue, down ~60 bps.
MX:TRIP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed