TRIP

Packaging company Clearwater Paper was a contributor in the quarter. Alaskan cable company Liberty Capital was a contributor in the quarter. Empire State Realty's underperformance this quarter was mostly driven by its Empire State Building Observatory hitting a rough patch over the last two years. Broadband operator Shenandoah Telecommunications was a contributor for us in the first half of the year but detracted in the third quarter.

Booking's share price dropped as much as 32% from its highs of last year, and 25% from the start of this year. Gitlab has not been a good stock since its IPO during the bubbly 2021 market. We bought Capital One shares in accounts that hadn't owned Discover Financial (which COF took over a year ago) before, but we were probably early at $210-$220.

The situation continues to deteriorate for TripAdvisor's stock. It fell to a record low of $8.82 on Thursday, extending a downward trend that started in 2014, when shares peaked at $98.80.

Tripadvisor, Inc. has struggled to keep pace with rapid AI advancements in travel planning. Viator/Experiences has lost its global leadership position but is still No. 1 in the U.S. Copilot and ChatGPT have eroded TRIP's core site user engagement and relevance.

TRIP's Q2 results miss estimates, but better-than-expected adjusted EBITDA and progress on TheFork sale offer investors a brighter spot.

NEEDHAM, Mass., Aug. 7, 2026 /PRNewswire/ -- Tripadvisor, Inc. (NASDAQ: TRIP) announced today its participation in the following upcoming investor conferences:   Mike Noonan, CFO, will host investor meetings at the Oppenheimer 29th Annual Technology, Internet & Communications Conference on Tuesday, August 11, 2026, to be held virtually.

TripAdvisor NASDAQ: TRIP reported second-quarter results in line with its expectations as growth in its experiences business was offset by persistent search-related pressure in legacy offerings and uneven travel demand. The company also said it expects to complete the sale of restaurant reservation platform TheFork to American Express before the end of 2026.

While the top- and bottom-line numbers for TripAdvisor (TRIP) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

TripAdvisor (TRIP) came out with quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.46 per share a year ago.

NEEDHAM, Mass., Aug. 6, 2026 /PRNewswire/ -- (PRNewswire) -- Tripadvisor, Inc. (NASDAQ: TRIP) issued its second quarter 2026 earnings press release which is available now at ir.tripadvisor.com.