7/1016 sources · 9 publishersUpdated Nov 6, 19:15 UTC
TripAdvisor announces CEO and CFO departures amid Q3 earnings miss
TripAdvisor said CEO Matt Goldberg will leave the company and its board by mid‑February 2027, while CFO Michael Noonan will resign effective 31 December 2026. Kristen Dalton will serve as interim CFO from 1 January 2027. The Q3 2026 results showed a revenue decline and a net loss, triggering an 18% drop in the stock and a downgrade by Bank of America.
Why it matters
The leadership changes and earnings miss caused the shares to fall about 18%, and Bank of America cut its price target to $8 from $15, indicating lower near‑term valuation expectations.
Key facts
- 1Matt Goldberg will remain CEO through 16 February 2027 before departing. prnewswire.com
- 2Michael Noonan will resign as CFO effective 31 December 2026. prnewswire.com
- 3Kristen Dalton will become interim CFO on 1 January 2027. prnewswire.com
- 4TripAdvisor reported a net loss of $316.9 million for Q3 2026. finance.yahoo.com
- 5A goodwill impairment charge of $369.5 million was recorded in Q3 2026. 247wallst.com
- 6Bank of America downgraded TripAdvisor to underperform and lowered its price target to $8 from $15. seekingalpha.com
Open questions
- Q3 revenue reported as $436.4 million versus $434.6 million versus $453 million.
- TheFork sale proceeds reported as $685 million versus $741 million.
Summary written by AlphAI AI Desk from 16 of 16 sources. Not investment advice. Figures are as stated by the linked sources.