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Tripadvisor Reports Third Quarter 2021 Financial Results NEEDHAM , MA , November 8 , 2021 — Tripadvisor , Inc. ( NASDAQ : TRIP ) today announced financial results for the third quarter ended September 30 , 2021 . " We are pleased to see a continued pick - up in consumer travel demand as borders open and vaccinations are more widely administered , " said Chief Executive Officer Steve Kaufer . " We are seeing this benefit in our results revenue increased to $ 303 million , reflecting sequential growth of 29 % and year over year growth of 101 % , with strong performance from all segments . In addition to macro tailwinds , we believe that our customer experience , expansive reach , product offerings , and position in the market will drive sustained growth and strong customer loyalty . We are very excited about the progress we are making in our key initiatives with a focus on the long - term , even as we remain cautiously optimistic about near - term travel trends . " do Tripadvisor . ర Chief Financial Officer Ernst Teunissen added , " We drove continued improvements in our revenue , net income , and adjusted EBITDA . During the third quarter , as a result of our commitment to maintaining a more disciplined cost base , we achieved positive net income , while adjusted EBITDA increased to $ 72 million expanding our margin to 24 % . In addition to the impact increasing consumer travel had on our financial profile , we are equally as pleased to see the continued efforts our teams have made to deliver on key initiatives designed to drive future growth . " Third Quarter 2021 Summary ( In millions , except percentages and per share amounts ) Total Revenue Hotels , Media & Platform Experiences & Dining Other GAAP Net Income ( 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 ) n.m. = not meaningful $ $ 1 $ $ $ $ $ LA LA $ $ $ $ Three months ended September 30 , 2021 2020 303 $ 172 114 17 1 LA LA LA LA $ $ 0.01 0.16 $ A 72 $ A LA LA LA 51 $ 10 11 $ 23 $ $ LA LA $ ( 64 ) $ ( 79 ) $ 151 80 53 18 ( 48 ) 15 4 1 10 ( 23 ) ( 0.36 ) ( 0.17 ) ( 31 ) ( 42 ) % Change ( 1 ) " Total Adjusted EBITDA ” , “ Total Adjusted EBITDA margin " , " 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 . 101 % 115 % 115 % ( 6 ) % n.m. 380 % 1175 % 900 % 10 % n.m. n.m. n.m. 106 % 88 %