TripAdvisor (TRIP)

NASDAQCommunication ServicesTravel ServicesSnapshot 2026-11-04

$10.20+8.05%

Close 2026-11-04 · 1-day change

Investment OutlookAs of Nov 4, 2026

What could strengthen or challenge TripAdvisor’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

-2.6%

+10% or more+5%0%−5%−10% or less

1.02 → 0.99 EPS · FY ending Dec 31, 2027 · 8 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 9 to 8; this is not the number of analysts revising. The ±10% axis is a display range.

Price, analyst earnings & P/E reference

The EPS and P/E reference is not available for TRIP yet.

Measure / period	Management expectations	Analyst expectations

Management figures unavailable.

Current consensus figures unavailable.

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Experiences revenue grows at least 8% year-over-year	A primary condition in TripAdvisor's published investment case. The stated target is >=8% YoY growth.	Broken	Experiences revenue growth falls below 5% YoY next year	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated in 3 of 3 supplied quarters. Management reported: ““We delivered second quarter results in-line with our expectations, while making progress in our strategy to focus on experiences and simplify our portfolio,” said Chief Executive Officer Matt Goldberg.” “As we turn to 2026, we expect to see our investment priorities in experiences deliver increasing impact to our Group financial profile and long-term growth trajectory.”” Revenue was $441.900 million in 2026-Q2. Delivery assessment Nov 4, 2026
Progress on simplifying legacy portfolio and value recognition	These steps support a recovery and value recognition.	Improving	No meaningful progress on portfolio simplification over next year	Qualitative: $700M divestiture executed TripAdvisor completed the $700 million sale of TheFork to American Express, advancing portfolio simplification. Nov 4, 2026Last status assessment Nov 4, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Total revenue reaches at least $1.89 billion in 2026	A primary condition in TripAdvisor's published investment case. The stated target is >=$1.89B.	Intact	Total revenue falls below $1.8B in FY26	Revenue: $441.9M FY2026-Q2; GAAP. Published target: >=$1.89B. Annual target cannot be compared with a quarterly or TTM observation. Aug 6, 2026441,900,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$0.99

$1.58 → $0.99 · observed estimates

FY2027 revenue$1.57B

$1.95B → $1.57B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$1.58	$1,948,061,690	14 / 15
2026-07-25	$1.58	$1,948,061,690	14 / 15
2026-07-26	$1.56	$1,963,333,017	10 / 11
2026-07-27	$1.58	$1,948,061,690	14 / 15
2026-07-28	$1.58	$1,948,061,690	14 / 15
2026-07-29	$1.56	$1,963,333,017	10 / 11
2026-07-30	$1.58	$1,948,061,690	14 / 15
2026-07-31	$1.56	$1,963,333,017	10 / 11
2026-08-01	$1.56	$1,963,333,017	10 / 11
2026-08-02	$1.59	$1,934,970,120	14 / 15
2026-08-03	$1.59	$1,934,970,120	14 / 15
2026-08-04	$1.59	$1,934,970,120	14 / 15
2026-08-05	$1.59	$1,934,970,120	14 / 15
2026-08-06	$1.57	$1,971,364,899	10 / 11
2026-08-08	$1.57	$1,971,364,899	10 / 11
2026-08-09	$1.46	$1,848,429,730	13 / 15
2026-08-10	$1.46	$1,848,429,730	13 / 15
2026-08-12	$1.15	$1,723,321,310	13 / 14
2026-08-13	$1.57	$1,971,364,899	10 / 11
2026-08-14	$1.57	$1,971,364,899	10 / 11
2026-08-15	$1.57	$1,971,364,899	10 / 11
2026-08-16	$1.57	$1,971,364,899	10 / 11
2026-08-17	$1.57	$1,971,364,899	10 / 11
2026-08-18	$1.57	$1,971,364,899	10 / 11
2026-08-19	$1.57	$1,971,364,899	10 / 11
2026-08-20	$1.07	$1,642,096,581	9 / 11
2026-08-21	$1.07	$1,642,096,581	9 / 10
2026-08-22	$1.07	$1,642,096,581	9 / 10
2026-08-23	$1.07	$1,642,096,581	9 / 10
2026-08-24	$1.07	$1,642,096,581	9 / 10
2026-08-25	$1.07	$1,642,094,681	9 / 10
2026-08-26	$1.07	$1,642,094,681	9 / 10
2026-08-27	$1.07	$1,642,094,681	9 / 10
2026-08-28	$1.07	$1,642,094,681	9 / 10
2026-08-29	$1.07	$1,642,094,681	9 / 10
2026-08-30	$1.07	$1,642,094,681	9 / 10
2026-08-31	$1.07	$1,642,094,681	9 / 10
2026-09-01	$1.07	$1,642,094,681	9 / 10
2026-09-02	$1.07	$1,642,094,681	9 / 10
2026-09-03	$1.07	$1,642,094,681	9 / 10
2026-09-04	$1.07	$1,642,094,681	9 / 10
2026-09-05	$1.07	$1,642,094,681	9 / 10
2026-09-06	$1.07	$1,642,094,681	9 / 10
2026-09-07	$1.07	$1,642,094,681	9 / 10
2026-09-08	$1.07	$1,642,094,681	9 / 10
2026-09-09	$1.07	$1,642,094,681	9 / 10
2026-09-10	$1.07	$1,642,094,681	9 / 10
2026-09-11	$1.07	$1,642,094,681	9 / 10
2026-09-12	$1.07	$1,642,094,681	9 / 10
2026-09-13	$1.07	$1,642,094,681	9 / 10
2026-09-14	$1.07	$1,642,094,681	9 / 10
2026-09-15	$1.07	$1,642,094,681	9 / 10
2026-09-16	$1.07	$1,642,094,681	9 / 10
2026-09-17	$1.07	$1,617,534,987	9 / 10
2026-09-18	$1.07	$1,617,534,987	9 / 10
2026-09-19	$1.07	$1,617,534,987	9 / 10
2026-09-20	$1.07	$1,617,534,987	9 / 10
2026-09-21	$1.07	$1,617,534,987	9 / 10
2026-09-22	$1.07	$1,617,534,987	9 / 10
2026-09-23	$1.02	$1,582,796,621	9 / 10
2026-09-24	$1.02	$1,582,796,621	9 / 10
2026-09-25	$1.07	$1,588,596,903	9 / 11
2026-09-26	$1.07	$1,588,596,903	9 / 11
2026-09-27	$1.07	$1,588,596,903	9 / 11
2026-09-28	$1.07	$1,588,596,903	9 / 11
2026-09-29	$1.07	$1,588,596,903	9 / 11
2026-09-30	$1.07	$1,588,596,903	9 / 11
2026-10-01	$1.02	$1,582,796,621	9 / 11
2026-10-02	$1.02	$1,582,796,621	9 / 11
2026-10-03	$1.02	$1,582,796,621	9 / 10
2026-10-04	$1.02	$1,582,796,621	9 / 10
2026-10-05	$1.02	$1,582,796,621	9 / 10
2026-10-06	$1.02	$1,582,796,621	9 / 10
2026-10-07	$1.02	$1,582,796,621	9 / 10
2026-10-08	$1.00	$1,580,818,712	9 / 10
2026-10-09	$1.00	$1,580,818,712	9 / 10
2026-10-10	$1.00	$1,580,818,712	9 / 10
2026-10-11	$1.00	$1,580,818,712	9 / 10
2026-10-12	$1.00	$1,580,818,712	9 / 10
2026-10-13	$1.00	$1,580,818,712	9 / 10
2026-10-14	$1.00	$1,580,818,712	9 / 10
2026-10-15	$1.00	$1,580,818,712	9 / 10
2026-10-16	$1.00	$1,580,818,712	9 / 9
2026-10-17	$1.00	$1,580,818,712	9 / 9
2026-10-18	$1.00	$1,580,664,885	9 / 9
2026-10-19	$1.00	$1,580,664,885	9 / 9
2026-10-20	$1.01	$1,578,183,067	9 / 9
2026-10-21	$1.01	$1,578,183,067	9 / 9
2026-10-22	$1.01	$1,578,183,067	9 / 9
2026-10-23	$1.01	$1,578,183,067	9 / 9
2026-10-24	$1.01	$1,578,183,067	9 / 10
2026-10-25	$1.01	$1,578,183,067	9 / 10
2026-10-26	$1.01	$1,578,183,067	9 / 10
2026-10-27	$1.01	$1,578,183,067	9 / 10
2026-10-28	$1.01	$1,578,183,067	9 / 9
2026-10-29	$1.01	$1,578,183,067	8 / 9
2026-10-30	$1.01	$1,578,183,067	8 / 9
2026-10-31	$1.01	$1,578,183,067	8 / 9
2026-11-01	$1.01	$1,578,183,067	8 / 9
2026-11-02	$1.01	$1,578,183,067	8 / 9
2026-11-03	$1.01	$1,578,183,639	8 / 9
2026-11-04	$0.99	$1,569,568,091	8 / 9

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-06-01	6	7	4
2026-07-01	6	8	4
2026-08-01	5	8	4
2026-09-01	5	8	4
2026-10-01	5	8	4
2026-11-01	5	7	4

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 5 Buy / Strong Buy · 7 Hold · 4 Sell / Strong Sell

0 upgrades0 downgrades2 maintains

Recent actions · Oct 6–Nov 4 · 2 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Cantor FitzgeraldOct 19 · prior Aug 7

$9.00 → $8.00-11.1%

$0$4.95$9.90

0 raises · 1 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Experiences revenue grows at least 8% year-over-yearPublished status: Broken
Total revenue reaches at least $1.89 billion in 2026Revenue: $441.9M

Next proof point

Nov 5, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

2 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

2.1%Typical daily move · historical

Downside history

-49.3%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

TripAdvisor outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 31, 2026

What kind of bet this is

This is a higher-risk, execution-dependent growth story, with investment in experiences as its main long-term growth path. The thesis is intact, and recent measures of company momentum and quality improved, but the business is loss-making and management execution is rated neutral.

What's priced into TripAdvisor

The valuation is characterized as cheap versus peers, while the model labels expectations as justified and finds low fragility. The evidence does not show that the market is pricing in a clear recovery, and the negative expectations gap suggests expectations are not especially demanding.

What the fundamentals likely do

Near term, recurring earnings misses and a 47% estimated miss probability make the next report a key risk, even though the latest listed earnings event was in line. Over the multi-year view, experiences revenue has grown and bookings have increased, while management remains focused on cost savings; progress toward the savings goal is still limited and bears watching.

What TripAdvisor hinges on

The thesis depends on experiences growth continuing and management delivering meaningful cost savings without weakening the broader business. A guidance cut would be a notable setback, while easier interest rates and continued strength among major Communication Services companies could support the sector backdrop.

Bottom line

Over the next 1 to 3 years, the long-term thesis remains intact but uncertain: improving experiences and business-quality signals are balanced by losses, repeated earnings misses, and a sector headwind. The key question is whether management can turn its stated priorities into sustained financial progress. Not investment advice.

Development preview · refreshed Nov 5, 2026Open Living FV detail

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$0.99

$1.58 → $0.99 · observed estimates

FY2027 revenue$1.57B

$1.95B → $1.57B · observed estimates

Exact estimates & source dates

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$1.58	$1,948,061,690	14 / 15
2026-07-25	$1.58	$1,948,061,690	14 / 15
2026-07-26	$1.56	$1,963,333,017	10 / 11
2026-07-27	$1.58	$1,948,061,690	14 / 15
2026-07-28	$1.58	$1,948,061,690	14 / 15
2026-07-29	$1.56	$1,963,333,017	10 / 11
2026-07-30	$1.58	$1,948,061,690	14 / 15
2026-07-31	$1.56	$1,963,333,017	10 / 11
2026-08-01	$1.56	$1,963,333,017	10 / 11
2026-08-02	$1.59	$1,934,970,120	14 / 15
2026-08-03	$1.59	$1,934,970,120	14 / 15
2026-08-04	$1.59	$1,934,970,120	14 / 15
2026-08-05	$1.59	$1,934,970,120	14 / 15
2026-08-06	$1.57	$1,971,364,899	10 / 11
2026-08-08	$1.57	$1,971,364,899	10 / 11
2026-08-09	$1.46	$1,848,429,730	13 / 15
2026-08-10	$1.46	$1,848,429,730	13 / 15
2026-08-12	$1.15	$1,723,321,310	13 / 14
2026-08-13	$1.57	$1,971,364,899	10 / 11
2026-08-14	$1.57	$1,971,364,899	10 / 11
2026-08-15	$1.57	$1,971,364,899	10 / 11
2026-08-16	$1.57	$1,971,364,899	10 / 11
2026-08-17	$1.57	$1,971,364,899	10 / 11
2026-08-18	$1.57	$1,971,364,899	10 / 11
2026-08-19	$1.57	$1,971,364,899	10 / 11
2026-08-20	$1.07	$1,642,096,581	9 / 11
2026-08-21	$1.07	$1,642,096,581	9 / 10
2026-08-22	$1.07	$1,642,096,581	9 / 10
2026-08-23	$1.07	$1,642,096,581	9 / 10
2026-08-24	$1.07	$1,642,096,581	9 / 10
2026-08-25	$1.07	$1,642,094,681	9 / 10
2026-08-26	$1.07	$1,642,094,681	9 / 10
2026-08-27	$1.07	$1,642,094,681	9 / 10
2026-08-28	$1.07	$1,642,094,681	9 / 10
2026-08-29	$1.07	$1,642,094,681	9 / 10
2026-08-30	$1.07	$1,642,094,681	9 / 10
2026-08-31	$1.07	$1,642,094,681	9 / 10
2026-09-01	$1.07	$1,642,094,681	9 / 10
2026-09-02	$1.07	$1,642,094,681	9 / 10
2026-09-03	$1.07	$1,642,094,681	9 / 10
2026-09-04	$1.07	$1,642,094,681	9 / 10
2026-09-05	$1.07	$1,642,094,681	9 / 10
2026-09-06	$1.07	$1,642,094,681	9 / 10
2026-09-07	$1.07	$1,642,094,681	9 / 10
2026-09-08	$1.07	$1,642,094,681	9 / 10
2026-09-09	$1.07	$1,642,094,681	9 / 10
2026-09-10	$1.07	$1,642,094,681	9 / 10
2026-09-11	$1.07	$1,642,094,681	9 / 10
2026-09-12	$1.07	$1,642,094,681	9 / 10
2026-09-13	$1.07	$1,642,094,681	9 / 10
2026-09-14	$1.07	$1,642,094,681	9 / 10
2026-09-15	$1.07	$1,642,094,681	9 / 10
2026-09-16	$1.07	$1,642,094,681	9 / 10
2026-09-17	$1.07	$1,617,534,987	9 / 10
2026-09-18	$1.07	$1,617,534,987	9 / 10
2026-09-19	$1.07	$1,617,534,987	9 / 10
2026-09-20	$1.07	$1,617,534,987	9 / 10
2026-09-21	$1.07	$1,617,534,987	9 / 10
2026-09-22	$1.07	$1,617,534,987	9 / 10
2026-09-23	$1.02	$1,582,796,621	9 / 10
2026-09-24	$1.02	$1,582,796,621	9 / 10
2026-09-25	$1.07	$1,588,596,903	9 / 11
2026-09-26	$1.07	$1,588,596,903	9 / 11
2026-09-27	$1.07	$1,588,596,903	9 / 11
2026-09-28	$1.07	$1,588,596,903	9 / 11
2026-09-29	$1.07	$1,588,596,903	9 / 11
2026-09-30	$1.07	$1,588,596,903	9 / 11
2026-10-01	$1.02	$1,582,796,621	9 / 11
2026-10-02	$1.02	$1,582,796,621	9 / 11
2026-10-03	$1.02	$1,582,796,621	9 / 10
2026-10-04	$1.02	$1,582,796,621	9 / 10
2026-10-05	$1.02	$1,582,796,621	9 / 10
2026-10-06	$1.02	$1,582,796,621	9 / 10
2026-10-07	$1.02	$1,582,796,621	9 / 10
2026-10-08	$1.00	$1,580,818,712	9 / 10
2026-10-09	$1.00	$1,580,818,712	9 / 10
2026-10-10	$1.00	$1,580,818,712	9 / 10
2026-10-11	$1.00	$1,580,818,712	9 / 10
2026-10-12	$1.00	$1,580,818,712	9 / 10
2026-10-13	$1.00	$1,580,818,712	9 / 10
2026-10-14	$1.00	$1,580,818,712	9 / 10
2026-10-15	$1.00	$1,580,818,712	9 / 10
2026-10-16	$1.00	$1,580,818,712	9 / 9
2026-10-17	$1.00	$1,580,818,712	9 / 9
2026-10-18	$1.00	$1,580,664,885	9 / 9
2026-10-19	$1.00	$1,580,664,885	9 / 9
2026-10-20	$1.01	$1,578,183,067	9 / 9
2026-10-21	$1.01	$1,578,183,067	9 / 9
2026-10-22	$1.01	$1,578,183,067	9 / 9
2026-10-23	$1.01	$1,578,183,067	9 / 9
2026-10-24	$1.01	$1,578,183,067	9 / 10
2026-10-25	$1.01	$1,578,183,067	9 / 10
2026-10-26	$1.01	$1,578,183,067	9 / 10
2026-10-27	$1.01	$1,578,183,067	9 / 10
2026-10-28	$1.01	$1,578,183,067	9 / 9
2026-10-29	$1.01	$1,578,183,067	8 / 9
2026-10-30	$1.01	$1,578,183,067	8 / 9
2026-10-31	$1.01	$1,578,183,067	8 / 9
2026-11-01	$1.01	$1,578,183,067	8 / 9
2026-11-02	$1.01	$1,578,183,067	8 / 9
2026-11-03	$1.01	$1,578,183,639	8 / 9
2026-11-04	$0.99	$1,569,568,091	8 / 9

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings