1Q21 Financial Performance Update

Track record of strong profitability and free cash flow generation Consolidated Adjusted EBITDA(1) ($ millions, except Adj. EBITDA margin) Consolidated Adj. EBITDA Consolidated Adj. EBITDA Margin - Consolidated Net Income Margin 15% CAGR $438 $422 Operating cash flow ($ millions) 33% CAGR $405 $424 Free cash flow(2) ($ millions) 40% CAGR $344 $341 28% $331 26% $238 21% 8% 7% -1% 2017 2018 2019 2017 Net income ($19) 2018 $113 2019 $126 $174 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 "Adjusted EBITDA margin" as adjusted EBITDA divided by revenue. Please see the appendix for reconciliation. (2) Free cash flow is a non-GAAP measure and is calculated as cash provided by operating activities less capital expenditures. Please see the appendix for reconciliation. 19

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