Total Revenue

+1059% (from $39M to $411M)

Dramatic revenue growth in Q4 2024 was driven by a broad-based rebound across segments, notably with Viator increasing by 15% (from $161M to $185M), which more than offset declines in other segments; this change reflects both a strong market recovery and a strategic rebalancing of the revenue mix compared to Q4 2023. " " " " " "

Brand Tripadvisor Revenue

–6% (from $218M to $204M)

A modest decline in Brand Tripadvisor revenue was observed, primarily due to weaker performance in core areas (e.g., Tripadvisor-branded hotels and experiences) in Q4 2024 relative to Q4 2023, suggesting that normalization trends in travel demand and pricing pressures continued to impact this segment. " " " "

Tripadvisor-Branded Hotels

–8% (from $136M to $125M)

The decline in hotel revenue by 8% was driven by a softer pricing environment and reduced click volumes, reflecting normalization in market conditions compared to the previous period; these headwinds led to a lower contribution from the hotels segment in Q4 2024. " " " "

Experiences/Dining Revenue

–10.5% (from $38M to $34M)

Experiences and Dining revenue experienced a 10.5% decline, likely due to a strategic shift (such as moving to a self-service model) and decreased demand in line with broader market trends, contrasting with the higher growth observed in prior periods. " " " "

Viator Revenue

+15% (from $161M to $185M)

Viator’s strong performance with a 15% increase reflects continued secular tailwinds (e.g., shift to online experiences), higher gross booking volumes, and improved marketing efficiency—a trend that builds on its robust Q4 2023 performance. " " " "

Media & Advertising Revenue

Relatively Flat

This segment remained stable at $36M, indicating that despite other shifts in the portfolio, media and advertising revenue was maintained through consistent advertising activity and pricing, similar to prior periods. " "

TheFork Revenue

Relatively Flat

TheFork also remained unchanged at $49M, suggesting that its steady performance—supported by balanced demand and strategic partnerships—continued in Q4 2024, consistent with the previous quarter’s performance. " "

Cost of Goods Sold

–92% (from $36M to $3M)

The 92% decrease in cost of goods sold is striking and likely reflects a change in cost allocation or a one-off adjustment tied to a lower weighted average of high-cost segments in Q4 2024 versus 2023, signaling a sharp improvement in cost efficiencies. " "

SG&A Expenses

–74% (from $226M to $59M)

A 74% reduction in SG&A expenses indicates significant cost management and operational efficiencies; lower spending on restructuring, marketing, and administrative overhead in Q4 2024 contrasts sharply with the high expenses recorded in Q4 2023. " "

Net Income

–97% (from $32M to $1M)

Despite higher total revenue, net income dropped by 97% due to a combination of sharply reduced margins, lower operating income, and persistent fixed or non-recurring cost pressures in Q4 2024 compared to Q4 2023. " "

Basic EPS

–96% (from $0.23 to $0.01)

The 96% decline in Basic EPS directly reflects the near collapse of net income on a per-share basis, mirroring the dramatic contraction in profitability despite the revenue surge. " "

Capital Expenditures

+44% (from $16M to $23M)

An increase of 44% in capital expenditures in Q4 2024 points to higher investments in infrastructure and business expansion initiatives as compared to Q4 2023, indicating a strategic push to support future growth. " " "

Net Change in Cash

Improved by 16% (from –$57M to –$48M)

Although the company still experienced a cash decline, the 16% improvement in net change in cash suggests a reduction in cash outflows relative to Q4 2023, potentially due to better working capital management and lower financing outlays. " " "