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Tripadvisor Reports First Quarter 2021 Financial Results NEEDHAM , MA , May 6 , 2021 — Tripadvisor , Inc. ( NASDAQ : TRIP ) today announced financial results for the first quarter ended March 31 , 2021 . ao do Tripadvisor . " Q1 demonstrated consumers want to get back out there and travel , " said Chief Executive Officer Steve Kaufer . " Traffic and revenue trends improved as vaccination rates climbed , particularly in the U.S. market . While the recovery remains uneven globally , there is light ahead . We think leisure travel is poised for a potential inflection later this year as the recovery broadens . " Kaufer continued , " We believe we are advantageously positioned for the rebound and beyond . We remain focused on serving customers , leveraging our competitive advantages , and building our business to deliver long - term , diverse growth . " First Quarter 2021 Financial Results Chief Financial Officer Ernst Teunissen added , " In Q1 , we continued to execute well on factors within our control . We maintained prudent cost discipline , we further fortified our balance sheet , and we leaned into strategic areas with growth potential . We believe we have positioned the business for enhanced operating leverage and long - term shareholder value creation . " ( In millions , except percentages and per share amounts ) Total Revenue Hotels , Media & Platform Experiences & Dining Other GAAP Net Loss Total Adjusted EBITDA ( 1 ) Hotels , Media & Platform Experiences & Dining Other Non - GAAP Net Income ( Loss ) ( 1 ) Diluted Earnings ( Loss ) per Share : GAAP Non - GAAP ( 1 ) Cash flow used in operating activities Free cash flow ( 1 ) Three months ended March 31 , 2021 2020 LA LA LA 1 $ LA LA 123 $ $ $ $ LA LA 88 28 7 ( 80 ) ( 26 ) $ ( 3 ) $ ( 24 ) $ 1 $ ( 53 ) $ ( 0.59 ) $ $ ( 0.39 ) $ ( 19 ) $ ( 29 ) $ 278 169 83 26 ( 16 ) 40 53 ( 19 ) 6 9 ( 0.12 ) 0.07 ( 70 ) ( 90 ) % Change ( 56 ) % ( 48 ) % ( 66 ) % ( 73 ) % 400 % n.m. n.m. 26 % ( 83 ) % Exhibit 99.1 n.m. 392 % n.m. ( 73 ) % ( 68 ) % n.m. = not meaningful ( 1 ) " Total Adjusted EBITDA ” , “ Non - GAAP Net Income ( Loss ) " , " Non - GAAP Diluted Earnings ( Loss ) per Share " , and " Free cash flow " are non GAAP measures as defined by the U.S. Securities and Exchange Commission ( the " SEC " ) . Please refer to " Non - GAAP Financial Measures " below for definitions and explanations of these non - GAAP financial measures , as well as tabular reconciliations to the most directly comparable GAAP financial measures . Consumer demand - January , February , and March 2021 monthly unique users on Tripadvisor - branded websites improved sequentially and were approximately 53 % , 56 % , and 58 % , respectively , of 2019's comparable period ( pre - COVID - 19 timeframe ) , driven by vaccine progress and leisure travel's improving recovery , particularly in the U.S. We note that U.S. monthly unique users in March 2021 approached nearly 80 % of 2019 levels while traffic outside the U.S. was approximately half of 2019 levels for the same period .