Exhibit 99.1

TripAdvisor Reports Fourth Quarter and Full Year 2014 Financial Results

NEWTON, MA, February 11, 2015 — TripAdvisor, Inc. (NASDAQ: TRIP), the world's largest travel site*, today announced financial results for the fourth quarter and full year ended December 31, 2014.

“We were very pleased with how we ended 2014. Most importantly, 2014 was a year in which we laid the foundation for TripAdvisor’s future. In addition to helping users plan a trip through our rich content, global travel community and price comparison tools, we have begun enabling more users to complete their booking in our three largest demand categories: hotels, attractions, and restaurants. This makes TripAdvisor the most comprehensive one-stop shop in travel. Starting in 2015, we plan to aggressively scale and promote this more complete user proposition,” said Steve Kaufer, TripAdvisor’s President and Chief Executive Officer.  

Discussion of Fourth Quarter and Full Year 2014 Results

Total revenue for the fourth quarter of 2014 was $288 million, an increase of $75 million, or 35% (approximately 39% on a local currency basis) compared to the fourth quarter of 2013. Total revenue for the year ended December 31, 2014 was $1,246 million, an increase of $301 million, or 32%, compared to the year ended December 31, 2013.

For the fourth quarter of 2014, revenue from North America grew 35% year-over-year to $146 million, representing 51% of total revenue. Revenue from the Europe, Middle East and Africa region grew 39% year-over-year to $89 million, representing 31% of total revenue. Revenue from the Asia-Pacific region grew 13% year-over-year to $36 million, representing 13% of total revenue. Revenue from the Latin America region grew 89% year-over-year to $17 million, representing 6% of total revenue. International revenue was 52% of total revenue during the fourth quarter of 2014, flat from 52% in the fourth quarter of 2013. For the year ended December 31, 2014, revenue from North America grew 27% year-over-year to $629 million, representing 50% of total revenue. Revenue from the Europe, Middle East and Africa region grew 39% year-over-year to $405 million, representing 33% of total revenue. Revenue from

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the Asia-Pacific region grew 28% year-over-year to $156 million, representing 13% of total revenue. Revenue from the Latin America region grew 47% year-over-year to $56 million, representing 4% of total revenue. International revenue was 52% of total revenue for 2014, up from 51% in 2013. Click-based advertising revenue by geography is based on the geographic location of our websites.

GAAP net income for the fourth quarter of 2014 was $36 million, or $0.25 per diluted share, compared to GAAP net income of $20 million, or $0.14 per diluted share, for the fourth quarter of 2013. GAAP net income for the year ended December 31, 2014 was up 10% to $226 million, or $1.55 per diluted share, compared to GAAP net income of $205 million, or $ 1.41 per diluted share, for the year ended December 31, 2013.

Non-GAAP net income for the fourth quarter of 2014 was $52 million, or $0.35 per diluted share, compared to non-GAAP net income of $30 million, or $0.21 per diluted share, for the fourth quarter of 2013. Non-GAAP net income for the year ended December 31, 2014 was up 16% to $284 million, or 1.93 per diluted share, compared to non-GAAP net income of $245 million, or $1.68 per diluted share, for the year ended December 31, 2013.

Adjusted EBITDA for the fourth quarter of 2014 was $98 million, and Adjusted EBITDA margin was 34%, compared to Adjusted EBITDA of $52 million and Adjusted EBITDA margin of 24% for the fourth quarter of 2013. Adjusted EBITDA for the year ended December 31, 2014 was $468 million and Adjusted EBITDA margin was 38%, compared to Adjusted EBITDA of $379 million and Adjusted EBITDA margin of 40% for the year ended December 31, 2013.

Cash flow from operating activities for the fourth quarter of 2014 was $62 million, a decrease of $9 million, or 13%, compared to the fourth quarter of 2013. Cash flow from operating activities for the year ended December 31, 2014 was $387 million, an increase of $38 million, or 11%, compared to the year ended December 31, 2013.

As of December 31, 2014, cash and cash equivalents and short and long term marketable securities were $594 million, a decrease of $76 million year-over-year.  

As of December 31, 2014, TripAdvisor had 2,793 employees, up from 2,017 at December 31, 2013 and 2,719 employees at September 30, 2014.

During the fourth quarter of 2014, TripAdvisor changed its reportable segments to reflect changes in the management reporting structure of the organization, primarily due to recent business acquisitions. The revised financial reporting structure includes two reportable segments: Hotel and Other. Our Hotel segment consists of services related to hotels, including click-based and display based advertising revenue from making hotel room nights, airline reservations and cruise reservations available for price comparison and booking as well as subscription-based products such as Business Listings, transaction-based products such as JetSetter and Tingo and other revenue related to hotels. Our Other reportable segment consists of the aggregation of three operating segments, which include our Attractions, Restaurants, and Vacation Rentals businesses. We believe this new segment structure provides better information to assess performance and to make resource allocation decisions.

In our earnings release and the related conference call or webcast, we may use or discuss non-GAAP net income, non-GAAP net income per diluted share, Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP operating expenses and free cash flow, which are defined as non-GAAP financial measures by the U.S. Securities and Exchange Commission, or SEC. Please refer to the section below entitled “Use of Non-GAAP Financial Measures” for definitions of these non-GAAP financial measures and the financial schedules attached to this press release for reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure.

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Year End 2014 and Other Recent Business Highlights

Conference Call

TripAdvisor will host a conference call today, February 11, 2015 at 4:30 p.m., Eastern Time, to discuss TripAdvisor’s fourth quarter and full year 2014 operating results, as well as other forward-looking information about TripAdvisor’s business. Domestic callers may access the earnings conference call by dialing (877) 224-9081 (International callers, dial (224) 357-2223). Investors and other interested parties may also go to the Investor Relations section of TripAdvisor’s website at http://ir.tripadvisor.com/events.cfm for a live webcast of the conference call. Please access the website at least 15 minutes prior to the call to register, download, and install any necessary audio software. A replay of the conference call will be available on TripAdvisor’s website noted above or by phone (dial (855) 859-2056 and enter the passcode 61242831) until February18, 2015 and the webcast will be accessible at http://ir.tripadvisor.com/events.cfm for at least twelve months following the conference call.

About TripAdvisor
TripAdvisor^® is the world's largest travel site*, enabling travelers to plan and book the perfect trip. TripAdvisor offers trusted advice from real travelers and a wide variety of travel choices and planning features with seamless links to booking tools that check hundreds of websites to find the best hotel prices. TripAdvisor branded sites make up the largest travel community in the world, reaching 315 million unique monthly visitors**, and more than 200 million reviews and opinions covering more than 4.5 million accommodations, restaurants and attractions. The sites operate in 45 countries worldwide, including China under daodao.com. TripAdvisor also includes TripAdvisor for Business, a dedicated division that provides the tourism industry access to millions of monthly TripAdvisor visitors.

TripAdvisor, Inc. (NASDAQ: TRIP) manages and operates websites under 24 other travel media brands: www.airfarewatchdog.com, www.bookingbuddy.com, www.cruisecritic.com, www.everytrail.com, www.familyvacationcritic.com, www.flipkey.com, www.thefork.com (including www.lafourchette.com, www.eltenedor.com and www.iens.nl), www.gateguru.com, www.holidaylettings.co.uk, www.holidaywatchdog.com, www.independenttraveler.com, www.jetsetter.com, www.niumba.com, www.onetime.com, www.oyster.com, www.seatguru.com, www.smartertravel.com, www.tingo.com, www.travelpod.com, www.tripbod.com, www.vacationhomerentals.com, www.viator.com, www.virtualtourist.com, and www.kuxun.cn. 

*Source: comScore Media Metrix for TripAdvisor Sites, worldwide, December 2014

**Source: Google Analytics, average monthly unique users, Q3 2014; does not include traffic to daodao.com

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TripAdvisor, Inc.

SELECTED FINANCIAL INFORMATION

Unaudited Consolidated Statements of Operations

(in millions, except per share amounts)

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TripAdvisor, Inc.

Unaudited Consolidated Balance Sheets

(in millions, except number of shares and per share amounts)

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TripAdvisor, Inc.

Unaudited Consolidated Statement of Cash Flows

(in millions)

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Segment Information

(in millions)

(Unaudited)

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Use of Non-GAAP Financial Measures

To supplement the financial measures presented in TripAdvisor’s press release and related conference call or webcast in accordance with accounting principles generally accepted in the United States (“GAAP”), TripAdvisor also reports non-GAAP operating expenses, non-GAAP net income, non-GAAP net income per diluted share, Adjusted EBITDA, Adjusted EBITDA margin, and free cash flow, which are supplemental measures to GAAP and are defined by the SEC as non-GAAP financial measures. A “non-GAAP financial measure” refers to a numerical measure of a company’s historical or future financial performance, financial position, or cash flows that excludes (or includes) amounts that are included in (or excluded from) the most directly comparable measure calculated and presented in accordance with GAAP in such company’s financial statements.

TripAdvisor defines “non-GAAP net income” as net income before expenses related to stock-based compensation and amortization of intangible assets and non-recurring expenses, net of related tax effects.

TripAdvisor defines “non-GAAP net income per diluted share” as non-GAAP net income divided by non-GAAP weighted average diluted shares outstanding, which included dilution from options per the treasury stock method and include all weighted average shares relating to RSUs in shares outstanding for Non-GAAP net income per diluted share.

TripAdvisor defines “Adjusted EBITDA” as net income (loss) plus: (1) provision for income taxes; (2) other income (expense), net; (3) depreciation of property and equipment, including internal use software and website development; (4) amortization of intangible assets; (5) stock-based compensation; and (6) non-recurring expenses. Adjusted EBITDA is the primary metric by which management evaluates the performance of its business and on which internal budgets are based. In particular, the exclusion of certain expenses in calculating Adjusted EBITDA facilitates operating performance comparisons on a period-to-period basis. Adjusted EBITDA eliminates items that are either not part of TripAdvisor’s core operations, such as non-recurring expenses or those costs that do not require a cash outlay, such as stock-based compensation. Adjusted EBITDA also excludes depreciation and amortization expense, which is based on TripAdvisor’s estimates of the useful life of tangible and intangible assets. These estimates could vary from actual performance of the asset, are based on historical costs and other factors and may not be indicative of current or future capital expenditures. Moreover, our management uses Adjusted EBITDA internally to evaluate the performance of our business as a whole and our individual business segments. We believe that by excluding certain items, such as stock-based compensation and non-recurring expenses, Adjusted EBITDA corresponds more closely to the cash that operating income generated from our business and allows investors to gain an understanding of the factors and trends affecting the ongoing cash earnings capabilities of our business, from which capital investments are made and debt is serviced.

TripAdvisor defines “Adjusted EBITDA margin” as Adjusted EBITDA as a percentage of revenue.

TripAdvisor defines “non-GAAP Selling and Marketing”, “non-GAAP Technology and Content” and “non-GAAP General and Administrative” expenses as GAAP Selling and Marketing, GAAP Technology and Content and GAAP General and Administrative expenses, respectively, before stock-based compensation expense.

TripAdvisor defines “free cash flow” as net cash provided by operating activities less capital expenditures, which are purchases of property and equipment, including capitalization of internal-use software development costs. We believe that these non-GAAP financial measures are useful measures for analysts and investors to evaluate our future on-going performance as these measures allow a more meaningful comparison of our projected cash earnings and performance with our historical results from prior periods and to the results of our competitors. Moreover, management uses these measures internally to evaluate the performance of our business as a whole.

TripAdvisor provides these non-GAAP financial measures as additional information relating to TripAdvisor’s operating results as a complement to results provided in accordance with GAAP. Management believes that investors should have access to the same set of tools that management uses to analyze our results. The non-GAAP financial information presented here should be considered in conjunction with, and not as a substitute for or superior to the financial information presented in accordance with GAAP and should not be considered measures of TripAdvisor’s liquidity. There are significant limitations associated with the use of non-GAAP financial measures. Further, these measures may differ from the non-GAAP information, even where similarly titled, used by other companies and therefore should not be used to compare TripAdvisor’s performance to that of other companies. TripAdvisor endeavors to compensate for the limitation of the non-GAAP measures presented by also providing the most directly comparable GAAP measures and descriptions of the reconciling items and adjustments to derive the non-GAAP measures.

Pursuant to the requirements of Regulation G, we present a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measure below.

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RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(in millions, except share amounts which are reflected in thousands and per share amounts)

(Unaudited)  

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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, the new Marketplace platform, and the company’s prospects as a comprehensive destination for hotels, attractions, and restaurants, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “could,” “could increase the likelihood,” “estimate,” “expect,” “intend,” “is planned,” “may,” “should,” “will,” “will enable,” “would be expected,” “look forward,” “may provide,” “would” or similar terms, variations of such terms or the negative of those terms. Investors are cautioned that statements in this press release, which are not strictly historical statements, including, without limitation, statements by our chief executive officer with respect to growth objectives, strategic investments, and statements regarding management’s plans, objectives and strategies, constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors detailed in TripAdvisor’s filings with the Securities and Exchange Commission. 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. TripAdvisor is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

Investors

(617) 795.7848

ir@tripadvisor.com

Media

(617) 670.6575

uspr@tripadvisor.com

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