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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Summary of Segment Information The elimination of such intersegment transactions is included within Corporate and Eliminations in the table below.

 

 

Three months ended June 30, 2022

 

 

 

 

 

 

Tripadvisor Core (1)

 

 

Viator (2)

 

 

TheFork (3)

 

 

Corporate &
Eliminations

 

 

Total

 

 

 

(in millions)

 

External revenue

 

$

249

 

 

$

136

 

 

$

32

 

 

$

—

 

 

$

417

 

Intersegment revenue

 

 

25

 

 

 

—

 

 

 

—

 

 

 

(25

)

 

 

—

 

  Total Revenue

 

$

274

 

 

$

136

 

 

$

32

 

 

$

(25

)

 

$

417

 

Adjusted EBITDA

 

 

116

 

 

 

—

 

 

 

(7

)

 

 

—

 

 

 

109

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(25

)

 

 

(25

)

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

(21

)

 

 

(21

)

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

63

 

Other income (expense), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(10

)

Income (loss) before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

53

 

(Provision) benefit for income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(22

)

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31

 

 

 

 

Three months ended June 30, 2021

 

 

 

 

 

 

Tripadvisor Core (1)

 

 

Viator (2)

 

 

TheFork (3)

 

 

Corporate &
Eliminations

 

 

Total

 

 

 

(in millions)

 

External revenue

 

$

177

 

 

$

40

 

 

$

18

 

 

$

—

 

 

$

235

 

Intersegment revenue

 

 

7

 

 

 

—

 

 

 

—

 

 

 

(7

)

 

 

—

 

  Total Revenue

 

$

184

 

 

$

40

 

 

$

18

 

 

$

(7

)

 

$

235

 

Adjusted EBITDA

 

 

49

 

 

 

(13

)

 

 

(11

)

 

 

—

 

 

 

25

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(28

)

 

 

(28

)

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

(32

)

 

 

(32

)

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(35

)

Other income (expense), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(11

)

Income (loss) before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(46

)

(Provision) benefit for income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6

 

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(40

)

 

 

 

Six months ended June 30, 2022

 

 

 

 

 

 

Tripadvisor Core (1)

 

 

Viator (2)

 

 

TheFork (3)

 

 

Corporate &
Eliminations

 

 

Total

 

 

 

(in millions)

 

External revenue

 

$

429

 

 

$

192

 

 

$

58

 

 

$

—

 

 

$

679

 

Intersegment revenue

 

 

36

 

 

 

—

 

 

 

—

 

 

 

(36

)

 

 

—

 

  Total Revenue

 

$

465

 

 

$

192

 

 

$

58

 

 

$

(36

)

 

$

679

 

Adjusted EBITDA

 

 

172

 

 

 

(20

)

 

 

(15

)

 

 

—

 

 

 

137

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(50

)

 

 

(50

)

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

(43

)

 

 

(43

)

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

44

 

Other income (expense), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(23

)

Income (loss) before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21

 

(Provision) benefit for income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(24

)

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3

)

 

 

 

Six months ended June 30, 2021

 

 

 

 

 

 

Tripadvisor Core (1)

 

 

Viator (2)

 

 

TheFork (3)

 

 

Corporate &
Eliminations

 

 

Total

 

 

 

(in millions)

 

External revenue

 

$

282

 

 

$

52

 

 

$

24

 

 

$

—

 

 

$

358

 

Intersegment revenue

 

 

9

 

 

 

—

 

 

 

—

 

 

 

(9

)

 

 

—

 

  Total Revenue

 

$

291

 

 

$

52

 

 

$

24

 

 

$

(9

)

 

$

358

 

Adjusted EBITDA

 

 

55

 

 

 

(26

)

 

 

(30

)

 

 

—

 

 

 

(1

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(57

)

 

 

(57

)

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

(61

)

 

 

(61

)

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(119

)

Other income (expense), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(22

)

Income (loss) before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(141

)

(Provision) benefit for income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21

 

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(120

)
(1)
Corporate general and administrative personnel costs of $2 million for both the three and six months ended June 30, 2022, and $2 million and $3 million for the three and six months ended June 30, 2021, respectively, were allocated to the Viator and TheFork segments.
(2)
Includes allocated corporate general and administrative personnel costs from our Tripadvisor Core segment of $1 million for both the three and six months ended June 30, 2022, and $1 million for both the three and six months ended June 30, 2021.
(3)
Includes allocated corporate general and administrative personnel costs from our Tripadvisor Core segment of $1 million for both the three and six months ended June 30, 2022, and $1 million and $2 million for the three and six months ended June 30, 2021, respectively.