Tripadvisor, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 5, 2026, reporting a net loss of $313.1 million for the third quarter driven largely by a goodwill impairment charge.

Key Highlights

  • Revenue declined: Tripadvisor reported Q3 2026 revenue of $436.4 million, down from $490.8 million in Q3 2025, according to the filing.
  • Goodwill impairment: The company recorded a goodwill impairment charge of $369.5 million in Q3 2026, compared to zero in the prior-year quarter.
  • Net loss: Net loss for the three months ended September 30, 2026 was $313.1 million, versus net income of $53.2 million in the same period of 2025.
  • Loss per share: Basic and diluted net loss per share attributable to common stockholders was $(2.66) for Q3 2026, compared to basic earnings per share of $0.46 in Q3 2025.
  • Nine-month revenue: For the nine months ended September 30, 2026, revenue totaled $1,204.1 million, down from $1,319.3 million in the same period of 2025.
  • Cash position: Cash and cash equivalents stood at $706.8 million as of September 30, 2026, versus $978.0 million at December 31, 2025.
  • Shares outstanding: Common shares outstanding were 117,785,395 as of September 30, 2026, with 117,826,453 shares outstanding as of October 30, 2026.

Tripadvisor Reports Q3 2026 Operating Loss Amid Goodwill Write-Down

According to the filing, Tripadvisor (NASDAQ:TRIP) reported total revenue of $436.4 million for the three months ended September 30, 2026, a decrease from $490.8 million in the comparable quarter of 2025. Total costs and expenses for Q3 2026 reached $773.1 million, compared to $427.7 million in Q3 2025, with the goodwill impairment charge of $369.5 million being the single largest driver of the increase. The company disclosed an operating loss of $336.7 million for the quarter, against operating income of $63.1 million in the prior-year period.

The filing disclosed that marketing expense for Q3 2026 was $213.0 million, essentially flat with $212.4 million in Q3 2025. Personnel expense decreased to $94.0 million from $123.8 million, with stock-based compensation declining to $15.3 million from $25.7 million for the same periods. Restructuring and other related reorganization costs were $0.9 million in Q3 2026 and $7.8 million for the nine months ended September 30, 2026, the filing stated.

On the balance sheet, the filing reported total assets of $2,052.5 million as of September 30, 2026, down from $2,625.4 million at December 31, 2025. Goodwill fell to $355.3 million from $724.2 million over the same period, reflecting the impairment. The filing also noted assets and liabilities held for sale from discontinued operations, with current assets in that category totaling $290.7 million at September 30, 2026. Total stockholders' equity was $366.3 million at quarter end, compared to $644.9 million at December 31, 2025. The company's retained earnings moved to an accumulated deficit of $(6.5) million from retained earnings of $316.6 million at year-end 2025.

What Was Disclosed

Tripadvisor filed its quarterly report covering the three and nine months ended September 30, 2026, disclosing a $369.5 million goodwill impairment charge, a Q3 net loss of $313.1 million, revenue of $436.4 million for the quarter, and a cash balance of $706.8 million at period end.