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Segment Information (Tables)
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Summary of Segment Information

 

 

Three months ended March 31, 2022

 

 

 

Hotels, Media & Platform (1)

 

 

Experiences & Dining

 

 

Other

 

 

Corporate and
Unallocated

 

 

Total

 

 

 

(in millions)

 

Revenue

 

$

160

 

 

$

92

 

 

$

10

 

 

$

 

 

$

262

 

Adjusted EBITDA

 

 

46

 

 

 

(22

)

 

 

3

 

 

 

 

 

 

27

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(25

)

 

 

(25

)

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

(22

)

 

 

(22

)

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(20

)

Other income (expense), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(13

)

Income (loss) before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(33

)

(Provision) benefit for income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1

)

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(34

)

 

 

 

Three months ended March 31, 2021

 

 

 

Hotels, Media & Platform (1)

 

 

Experiences & Dining

 

 

Other

 

 

Corporate and
Unallocated

 

 

Total

 

 

 

(in millions)

 

Revenue

 

$

88

 

 

$

28

 

 

$

7

 

 

$

 

 

$

123

 

Adjusted EBITDA

 

 

(3

)

 

 

(24

)

 

 

1

 

 

 

 

 

 

(26

)

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

(29

)

 

 

(29

)

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

(29

)

 

 

(29

)

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(84

)

Other income (expense), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(12

)

Income (loss) before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(96

)

(Provision) benefit for income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16

 

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(80

)

(1)
Includes allocated corporate general and administrative costs of $19 million and $16 million for the three months ended March 31, 2022 and 2021, respectively, and Tripadvisor-branded advertising expenses of $1 million for both the three months ended March 31, 2022 and 2021, respectively.