TripAdvisor : 4Q21 Investor Presentation

Q4 & FY 2021 Investor Presentation

February 16, 2022

Forward-Looking Statements. Our presentation today, including the slides contained herein, contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not historical facts or guarantees of future performance and are based on management's assumptions and expectations, which are inherently subject to difficult to predict uncertainties, risks and changes in circumstances. The use of words such as "intends," "expects," "may," "believes," "should," "seeks," "intends," "plans," "potential," "will," "projects," "estimates," "anticipates," or similar expressions generally identify forward-looking statements. However, these words are not the exclusive means of identifying such statements, and any statements that refer to expectations, beliefs, plans, predictions, projections, forecasts, objectives, assumptions, models, illustrations, profiles or other characterizations of future events or circumstances are forward-looking statements, including without limitation statements relating to future revenues, expenses, margins, performance, profitability, cash flows, net income/(loss), earnings per share, growth rates and other measures of results of operations (such as adjusted EBITDA) and future growth prospects for Tripadvisor's business. Actual results and the timing and outcome of events may differ materially from those expressed or implied in the forward-looking statements for a variety of reasons, including, among others, those discussed in the "Risk Factors" section of our Annual Report on Form 10-K. Except as required by law, we undertake no obligation to update any forward-looking or other statements in this presentation, whether as a result of new information, future events or otherwise. Investors are cautioned not to place undue reliance on forward-looking statements.

Non-GAAP Measures. This presentation also includes discussion of both GAAP and non-GAAP financial measures. Important information regarding Tripadvisor's definitions and use of these measures, as well as reconciliations of the non-GAAP financial measure to the most directly comparable GAAP financial measure are included in the earnings release reporting our fourth quarter and full year 2021 financial results and supplemental financial information, which are available on the Investor Relations section of our website: www.tripadvisor.com, and in the "Non-GAAP Reconciliations" section of this document. These non-GAAP measures are intended to supplement, and are not a substitute for comparable GAAP measures. Investors are urged to consider carefully the comparable GAAP measures and reconciliations.

Industry / Market Data. Industry and market data used in this presentation have been obtained from industry publications and sources as well as from research reports prepared for other purposes. We have not independently verified the data obtained from these sources and cannot assure you of the data's accuracy or completeness.

2

We are a global travel guidance company

Tripadvisor helps travelers around the world unleash the full potential of every trip

The world's largest travel platform

Large global audienceTripadvisor's global travel platform

for differentiated travel content (1)

463M

avg. monthly unique visitors in 3Q19 (2)

~70%

% of users on mobile

1B

reviews and opinions

329M

candid traveler photos

43

markets

1. Tripadvisor internal log files; unless otherwise noted, all numbers as of Q4 2021
2. Tripadvisor internal log files
3. Includes approximately 1.6M hotels, inns, B&Bs, and specialty lodging, as well as approximately 650,000 rental listings

Significant supply footprint across a spectrum of travel products (1)

2.2M

Accommodations (3)

1.4M

Travel activities and experiences listings

4.1M

Restaurant listings

500+

Airlines

30K+

Cruises

4

Significant influence on the global travel market

$546B

Annual travel expenditures influenced

2.2B

Vacation nights influenced

433M

Annual trips influenced

		5
Source: May 2018 Oxford Economics Global Travel Market Study