US Eastern Time July 23, 2015: TripAdvisor, the world's largest travel website, announced its second quarter financial results ended June 30, 2015。The following is a performance summary:

Second quarter revenue reaches 4.USD 0.5 billion，25% year-on-year growth (approximately 35% in local currency)，Income for the same period last year was 3.US$2.3 billion；

Second quarter net profit under US accounting standards is 5,USD 8 million，or 0 per diluted share.USD 40，6 in the same period last year,$8 million and 0.USD 47；Second quarter net profit under non-US GAAP is 7,USD 9 million，or 0 per diluted share.USD 54，The same period last year was 8,$1 million and 0.USD 55；

Second quarter adjusted EBIT decreased by 5% year-on-year (approximately 15% increase in local currency)，reached 1.US$2.3 billion，The same period last year was 1.USD 2.9 billion；

Second quarter cash flow from operating activities of $200 million，49% of revenue，102% increase from the previous quarter，27% year-on-year increase；Free cash flow is 1.USD 7.7 billion，44% of revenue，160% increase from the previous quarter，30% year-on-year growth；

TripAdvisor signs five-year $1 billion loan agreement；

The average number of unique monthly unique visitors to the TripAdvisor website in the second quarter increased by 30% year-on-year，reached 3.7.5 billion，More than 2 on TripAdvisor website.500 million reviews from global travelers；

Six of the world’s top ten hotel chain brands have joined TripAdvisor’s instant booking platform，Including Marriott International。

TripAdvisor President and CEO Steve Kaufer said: "The company's second quarter 2015 results show，Our long-term development prospects are getting better。Our content grew by 50%，More than 2 on TripAdvisor website.500 million reviews from global travelers。The travel community also continues to grow，The average number of unique monthly visitors increased by 30% year-on-year，reached 3.7.5 billion。We deepen our partnership with our instant booking platform，And promoted the global expansion of businesses such as attractions and restaurants。We will continue to work hard to achieve our long-term goals，Helping more users around the world plan and book the perfect trip。”

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Second quarter revenue reached 4.USD 0.5 billion，The same period last year was 3.US$2.3 billion，Growth of 25% (approximately 35% in local currency)。

Pay-per-click advertising: Pay-per-click advertising revenue reached 2 in the second quarter.USD 6.6 billion，13% year-on-year growth (approximately 24% in local currency)，Accounted for 66% of total revenue in the second quarter，73% for the same period in 2014。

Display paid advertising: Display paid advertising revenue reaches 4 in the second quarter,0 million USD，An increase of 8% year-on-year，10% of total second quarter revenue，11% for the same period in 2014。

Subscriptions and other revenue: Second Quarter Subscription、Trading and other income reaches 9,USD 9 million，99% year-on-year increase，Accounting for 22% of total revenue in the second quarter，11% for the same period in 2014。

Revenue from North America increased to 2 in the second quarter.USD 1.1 billion，A year-on-year increase of 31%，52% of total revenue，50% for the same period in 2014。From Europe、Middle East and Africa revenue increased to 1.USD 2.7 billion，19% year-on-year increase，31% of total revenue，33% for the same period in 2014。Revenue from Asia Pacific increases to 4,USD 8 million，14% year-on-year increase，12% of total revenue，13% for the same period in 2014。Revenue from Latin America increased 46% year-on-year，reached 1,USD 9 million，5% of total revenue，4% for the same period in 2014。Revenue from international markets accounted for 50% of total revenue in the second quarter，53% for the same period in 2014。

In accordance with US accounting standards，Second quarter net profit is 5,USD 8 million，or 0 per diluted share.USD 40，The same period last year was 6,USD 8 million，or 0 per diluted share.USD 47。Not in accordance with US GAAP，Second quarter net profit is 7,USD 9 million，or 0 per diluted share.USD 54，The same period last year was 8,$1 million and 0.USD 55。

Second quarter adjusted EBIT decreased by 5% year-on-year (approximately 15% increase in local currency)，reached 1.US$2.3 billion，30% of revenue，The same period last year was 1.USD 2.188bet app 9 billion，40% of revenue。

Second quarter cash flow from operating activities of $200 million，increased by 4 year-on-year,USD 2 million，Increased by 27%。

As of June 30, 2015，Cash balance and cash equivalents and short-term and long-term marketable securities are 7.US$4.6 billion，Increased by 1 since December 31, 2014.US$5.2 billion。

As of June 30, 2015，TripAdvisor owns 3,000 employees，The same period in 2014 was 2,400 employees，2 as of Q1 2015,900 employees。

Hotel business revenue increased by 13% in the second quarter，reached 3.US$4.3 billion，85% of revenue。Adjusted EBIT of hotel business increased by 4%，reached 1.US$2.5 billion，36% of revenue。Other business income increased by 210% year-on-year，To reach $62 million，15% of revenue。Adjusted EBIT from other businesses was negative $2 million。

Second Quarter Operating Results Summary

Travel Community: The average number of unique monthly visitors to TripAdvisor reaches 3.7.5 billion，30% year-on-year growth。

Content and product display: TripAdvisor owns 2.500 million reviews and 5 million accommodations、Dining and entertainment options，Includes over 950,000 hotels and accommodations、720,000 vacation rentals、3 million restaurants and 560,000 attractions from around the world。

Mobile service: The total number of TripAdvisor mobile app downloads reached 2.1.5 billion times，The number of downloads of TripAdvisor APP is 1.9.5 billion times。TripAdvisor recently announced the launch of Apple Watch、TripAdvisor APP created by Android Wear and Pebble smart watches，User can view hotels、Reviews and 188bet app download ratings of restaurants and attractions。

Hotel：Marriott International Group、Mandarin Oriental Hotel、Large hotel chains such as Langham Hospitality Group and Americinn have joined the TripAdvisor instant booking platform。

Restaurant: TripAdvisor acquires Australian restaurant booking site Dimmi，its restaurant reservation business has expanded to 12 countries，includes Australia、Belgium、Brazil、Denmark、France、Italy、Portugal、Spain、Sweden、Switzerland、Türkiye and the Netherlands。

TripAdvisor releases new Chinese name in China: TripAdvisor，Aims to help more Chinese travelers plan the perfect outbound trip。

TripAdvisor announces fifth annual Excellence Awards winners，The awards cover more than 340,000 hotels around the world、Restaurants and Attractions。