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Investor Presentaiton

Appendix Tripadvisor (in $millions) Reconciliation from GAAP Net Income (Loss) to Adjusted EBITDA (Non-GAAP): GAAP Net Income (Loss) Add: Provision (benefit) for income taxes Add: Other expense (income), net Add: Restructuring and other related reorganization costs Add: Impairment of goodwill Add: Legal reserves and settlements Add: Non-recurring expenses (income) w Add: Stock-based compensation expense Add: Depreciation and amortization (2) Adjusted EBITDA (Non-GAAP) (3) 2019 2020 2021 2022 2023 FY FY FY Q4 FY Q1 Q2 Q3 Q4 FY $126 ($289) ($148) ($3) $20 ($73) 68 (80) (37) (13) (7) 40 54 3 ཤྰབསྐྱ $24 47 58 སྣུབ $27 $32 $10 20 37 115 1 (1) 1 1 41 18 4 22 3 1 8 00 8 3 124 109 120 23 88 126 125 111 25 97 $438 ($51) $100 $43 $295 $33 23 23 21 $90 228 25 21 $127 སེམསྨཱ 24 21 སམ 3 24 96 25 88 87 $84 $334 Reconciliation of GAAP Cash Flow from Operating Activities to Non-GAAP Free Cash Flow: Cash flow provided by (used in) operations Subtract: Capital expenditures Free Cash Flow (Non-GAAP) (4) Tripadvisor 25 $424 ($194) $108 ($40) $400 $135 $105 $14 ($19) $235 83 55 54 15 56 16 15 16 16 63 $341 ($249) $54 ($55) $344 $119 $90 ($2) ($35) $172
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