Tripadvisor Group reported results for the second quarter of 2026, with both revenue and net income down year over year.
Revenue was down 7% to $441.9 million, while net income was $22.8 million, down from $36.5 million during the same time last year.
Adjusted EBITDA was $76.4 million, down 21% year over year, and representing 17.3% of revenue. Marketing spend totaled $215.4 million, up 4% from $207.4 million in Q2 2025.
Experiences revenue was up 3% year over year to $278.6 million, but hotels and other revenue declined 21% year over year to $163.3 million.
Experiences adjusted EDITDA fell 19% to $30.8 million, while hotels and other EBITDA dropped 23% to $45.6 million.
"Our second quarter performance reflected consistent execution in an attractive experiences marketplace, even with the backdrop of a fluctuating macro environment,” said CFO Mike Noonan.
"Our confidence in the group’s operational and financial trajectory remains firm as we prioritize our experiences-led strategy. We remain intently focused on initiatives that strengthen our product, marketing and supply flywheel to drive long-term growth and margin expansion."
Tripadvisor Group CEO Matt Goldberg also highlighted the company's plans to sell TheFork, its European online restaurant and management platform.
"The sale of TheFork unlocks significant value, adds flexibility for capital allocation and marks another step reshaping the company around experiences—the largest, most durable growth category in travel.”
In an investor presentation, the company said the transaction is progressing and still expects the deal to close by the end of the year. The company previously announced plans to sell the platform to American Express for $700 million in an all-cash transaction.
As of June 15, TheFork brand was considered "held for sale" and shown as discontinued, meaning it is no longer a reportable segment.
This story is subject to updates following Tripadvisor Group's Q2 2026 earnings call on Thursday.