Nov 5, 7:10 AM ET
Tripadvisor said CEO Matt Goldberg will leave his roles as president, CEO and board member effective February 16, 2027, under a separation agreement signed November 4, 2026. CFO Michael Noonan will resign effective December 31, 2026 to pursue another opportunity, and Chief Strategy and Operations Officer Kristen Dalton will serve as interim CFO starting January 1, 2027. The filing says the departures are not the result of any disagreement with the company, and the board is working with an executive search firm to find successor leadership.
- Goldberg's separation package includes $675,000 in base salary payments over 18 months and a $675,000 bonus-based payment, subject to a release and restrictive covenants.
- Goldberg remains CEO through February 16, 2027, and Noonan remains CFO through December 31, 2026.
- Kristen Dalton, Chief Strategy and Operations Officer since November 2025, becomes interim CFO on January 1, 2027.
- Chair Jeremy Philips said the board is working with an executive search firm to identify candidates.
Read the filing on SEC.gov ↗
Nov 5, 7:06 AM ET
Tripadvisor reported third-quarter 2026 revenue of $436.4 million, down 11% year-over-year, and a GAAP net loss of $316.9 million, driven mainly by a $369.5 million non-cash goodwill impairment in its Hotels and Other segment. The company also closed the sale of TheFork on November 1, 2026 for approximately $741.0 million in net cash, and management expects to prioritize reducing long-term debt; a restructuring plan is expected to yield about $40 million in annualized gross savings.
- Revenue was $436.4 million, down 11% from $490.8 million; Experiences fell 3% and Hotels and Other fell 23%.
- GAAP net loss was $316.9 million, or $(2.70) per diluted share, including the $369.5 million goodwill impairment.
- Non-GAAP net income was $43.4 million, or $0.37 per diluted share, down 36% from $0.58 a year earlier.
- TheFork sale closed November 1, 2026 for approximately $741.0 million net cash; restructuring costs are estimated at $15 million to $20 million, mainly in Q4 2026.
Read the filing on SEC.gov ↗
Nov 2, 7:05 AM ET
Tripadvisor completed the sale of its European online restaurant reservation and management platform, TheFork, to American Express Travel Related Services Company for $700 million in cash. Under a transition services agreement, Tripadvisor will provide services to the buyer for 12 months.
- The transaction closed on November 1, 2026.
- The purchase price was $700 million in an all-cash transaction, subject to adjustments.
- Tripadvisor and the buyer entered into a transition services agreement lasting for 12 months.
Read the filing on SEC.gov ↗
Aug 6, 7:01 AM ET
Tripadvisor reported second quarter 2026 revenue of $441.9 million, down 7% from $476.0 million a year earlier, and GAAP diluted EPS of $0.19 versus $0.28. The company also disclosed a pending $700.0 million cash sale of its TheFork unit to American Express Travel, with completion expected by the end of 2026, which would reshape its portfolio around experiences.
- Revenue fell 7% to $441.9 million; Hotels and Other fell 21% to $163.3 million while Experiences rose 3% to $278.6 million.
- GAAP diluted EPS was $0.19 versus $0.28 a year earlier; non-GAAP diluted EPS was $0.35 versus $0.43.
- TheFork sale to American Express Travel Related Services for $700.0 million in cash remains subject to regulatory approvals and is expected to close by end of 2026.
- Cash and cash equivalents from continuing operations were $843.2 million at June 30, 2026, after $345.4 million was used on April 1, 2026 to repay 2026 Senior Notes.
Read the filing on SEC.gov ↗
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