TripAdvisor, Inc.

The Company repurchased approximately 2.8 million shares of its outstanding common stock during the quarter under its existing authorized share repurchase program at an average price of $14.22 per share or $40 million in the aggregate.

SEC original ↗TripAdvisor, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

The Company has $160 million remaining available to repurchase shares of its common stock under this share repurchase program, which does not have a fixed expiration date.

SEC original ↗TripAdvisor, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

The aggregate transaction price of the Merger was $437 million, consisting of: (i) $431 million in cash and common stock consideration paid in connection with the repurchase, plus (ii) approximately $19 million in direct expenses and fees associated with the repurchase; partially offset by (iii) $13 million in LTRIP net operating loss carryforwards (“NOLs”), tax effected, retained by the Company.

SEC original ↗TripAdvisor, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

As a result, the Company accounted for the Merger as a repurchase of the Company's common stock.

SEC original ↗TripAdvisor, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Retirement of Treasury Shares On April 29, 2025, the Company’s Board of Directors approved the retirement of all common stock and Class B common stock held as treasury stock by the Company, inclusive of 26.8 million shares repurchased in the Merger, resulting in the cancelation of approximately 53.1 million shares of our common stock.

SEC original ↗TripAdvisor, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Tripadvisor defines “free cash flow” as cash provided by (used in) operations less capital expenditures, which are purchases of property and equipment, including the capitalization of website development costs.

SEC original ↗TripAdvisor, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

As we look to the back half of the year and beyond, we will continue to prioritize the highest growth opportunities across travel by leveraging our unique assets and trusted position across travel and experiences.

SEC original ↗TripAdvisor, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

“Our focus remains on executing against our strategic priorities to drive long-term sustainable growth and to build on our position as a market leader in experiences.

SEC original ↗TripAdvisor, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Definitions We use the following operating metrics described below to assist us in measuring our operations performance, identifying trends, formulating projections and making strategic decisions for the Viator segment.

SEC original ↗TripAdvisor, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Operating Metrics We review a number of metrics, including, but not limited to, ARPU, monthly active users, hotel shoppers, cost-per-click, GBV and bookings for experiences, seated diners, dining bookings, and other metrics, to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions.

SEC original ↗TripAdvisor, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

13 Safe Harbor Statement Statements in this press release regarding management’s future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to Tripadvisor’s future financial performance on both a GAAP and non-GAAP basis, and Tripadvisor’s prospects as a comprehensive destination for hotels, experiences, and restaurants, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws.

SEC original ↗TripAdvisor, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

We do not reconcile consolidated Adjusted EBITDA and Adjusted EBITDA margin guidance to projected consolidated GAAP net income (loss) because GAAP net income (loss) or the reconciling items between consolidated Adjusted EBITDA and Adjusted EBITDA margin and GAAP net income (loss) are unavailable on a forward-looking basis, as a result of the uncertainty regarding, and the potential variability of, certain of these items.

SEC original ↗TripAdvisor, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

While these numbers are based on what we believe to be reasonable estimates for the applicable period of measurement, there are inherent challenges in measuring usage and user engagement across our large user base around the world.

SEC original ↗TripAdvisor, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Such forward-looking statements involve known and unknown risks, uncertainties and other factors including, but not limited to, those risks, uncertainties and factors detailed in Tripadvisor’s filings with the SEC.

SEC original ↗TripAdvisor, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

As a result of such risks, uncertainties and factors, Tripadvisor’s actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein.

SEC original ↗TripAdvisor, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Legal Proceedings 44 Item 1A.

SEC original ↗TripAdvisor, Inc. — 10-Q Quarterly report10-QAug 6, 2026

11 Risks and Uncertainties The U.

SEC original ↗TripAdvisor, Inc. — 10-Q Quarterly report10-QAug 6, 2026