$猫途鹰(TRIP)$
25q4出来再看看
We will be launching an annualized gross cost savings program of
$85 million in Q4 that we intend to execute throughout 2026 and expect to fully realize by
2027. This savings program will primarily include reductions in global headcount (including
employees and contractors) spanning Brand Tripadvisor, Corporate G&A, and Viator by
approximately 20% but will also include other operating expense efficiencies as a result of our
operating model change. In 2026, the net impact of our savings program is expected to be
lower than the $85 million due to the timing of these actions. For example, we expect
approximately $10 million of savings to be recognized in Q4 of this year. And, as I mentioned
earlier, our plans to invest behind re-accelerating experiences growth in 2026 may offset a
portion of the savings impact. While it’s too early to provide detailed guidance for next year,
our preliminary estimate today on this program’s impact to FY 2026 would be an
improvement of approximately 100 bps to consolidated adjusted EBITDA margin. We will
provide another update next quarter given we’re still finalizing our 2026 plan.