TripAdvisor, Inc. reported preliminary financial results for the second quarter ended June 30, 2026, showing revenue of $441.9 million, a 7% year-over-year decline. Net income from continuing operations was $22.8 million, or $0.19 diluted EPS, while adjusted EBITDA stood at $76.4 million. The company also announced the exercise of a put option to sell its European restaurant platform, TheFork, to American Express for $700 million in cash, with closing expected by year-end subject to regulatory approvals. TripAdvisor operates in the online travel and experiences industry.

TripAdvisor executed an Equity Purchase Agreement with American Express to sell its European online restaurant reservation and management platform, TheFork, for $700 million in cash. The transaction follows the completion of mandatory French labor consultations and is subject to regulatory approvals, including antitrust clearances in Europe, with closing expected by the end of 2026. If the deal fails due to regulatory hurdles, American Express must pay a $35 million reverse termination fee. TripAdvisor operates in the online travel technology industry.

TripAdvisor, Inc. entered into a put option agreement with American Express Travel Related Services Company, Inc. to sell its European online restaurant reservation and management platform, TheFork, to the buyer for $700 million in an all-cash transaction. The transaction is subject to regulatory approvals, customary closing conditions, and mandatory French Works Council consultation. The transaction is expected to be completed by the end of 2026. TripAdvisor, Inc. operates in the travel and tourism technology industry by providing online travel and restaurant reservation services.