1Q21 Financial Performance Update
Strong financial profile pre-pandemic
Consolidated Revenue
($ millions)
$1,615
$1,556
$1,560
Consolidated Net Income (Loss)
(in $millions, except Net income (loss) margin)
Consolidated Net Income
Consolidated Net Income Margin
Consolidated Adjusted EBITDA (1)
($ millions, except Adj. EBITDA margin)
Consolidated Adj. EBITDA
- Consolidated Adj. EBITDA Margin
2017
2018
2019
-1%
-$19
$113
7%
$126
$438
$422
8%
$331
28%
26%
21%
2017
2018
2019
2017
2018
2019
(1) Consolidated Adjusted EBITDA is our non-GAAP profit measure and is defined as net income (loss) plus: (1) provision (benefit) for income taxes; (2) other income (expense), net; (3) depreciation and amortization; (4) stock-based compensation and other
stock-settled obligations; (5) goodwill, intangible asset, and long-lived asset impairments; (6) legal reserves and settlements; (7) restructuring and other related reorganization costs; and (8) non-recurring expenses and income; Tripadvisor defines 17
"Adjusted EBITDA margin" as adjusted EBITDA divided by revenue. Please see the appendix for reconciliation.View entire presentation