v3.25.4
Segment and Geographic Information - Summary of Segment Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Total Revenue [1] $ 1,891 $ 1,835 $ 1,788
Cost of sales [2] 145 128 [3] 119
Marketing [2] 791 729 705
Personnel (exclusive of stock-based compensation as shown separately below) [2] 465 475 474
Technology [2] 99 91 80
General and administrative [2] 72 [4] 73 [5] 76 [6]
Adjusted EBITDA 319 339 334
Depreciation and amortization (92) (85) (87)
Stock-based compensation (108) (120) (96)
Restructuring and other related reorganization costs [7] (43) (21) (22)
Legal reserves, settlements and other 4 [8] (18) [9]  
Transaction related expenses [10]   (3) (3)
Operating income (loss) 80 92 126
Other income (expense), net (35) (5) (1)
Income (loss) before income taxes 45 87 125
(Provision) benefit for income taxes (5) (82) (115)
Net income (loss) 40 5 10
Third-Party      
Segment Reporting Information [Line Items]      
Total Revenue 1,891 1,835 1,788
Intersegment      
Segment Reporting Information [Line Items]      
Total Revenue 0 0 0
Reportable Segments | Hotels and Other      
Segment Reporting Information [Line Items]      
Total Revenue [11] 750 818 901
Cost of sales [2],[11] 30 32 [3] 31
Marketing [2],[11] 195 182 199
Personnel (exclusive of stock-based compensation as shown separately below) [2],[11] 226 251 257
Technology [2],[11] 54 54 50
General and administrative [2],[11] 38 [4] 44 [5] 49 [6]
Adjusted EBITDA [11] 207 255 315
Restructuring and other related reorganization costs [7],[11] (30) (18) (10)
Reportable Segments | Experiences      
Segment Reporting Information [Line Items]      
Total Revenue [1],[12] 924 840 737
Cost of sales [2],[12] 93 81 [3] 79
Marketing [2],[12] 538 500 469
Personnel (exclusive of stock-based compensation as shown separately below) [2],[12] 153 141 126
Technology [2],[12] 31 25 18
General and administrative [2],[12] 18 [4] 14 [5] 12 [6]
Adjusted EBITDA [12] 91 79 33
Restructuring and other related reorganization costs [7],[12] (10) (2) (3)
Reportable Segments | TheFork      
Segment Reporting Information [Line Items]      
Total Revenue [1],[13] 221 181 154
Cost of sales [2],[13] 22 15 [3] 9
Marketing [2],[13] 62 51 41
Personnel (exclusive of stock-based compensation as shown separately below) [2],[13] 86 83 91
Technology [2],[13] 14 12 12
General and administrative [2],[13] 16 [4] 15 [5] 15 [6]
Adjusted EBITDA [13] 21 5 (14)
Restructuring and other related reorganization costs [7],[13] (3) (1) (9)
Reportable Segments | Third-Party | Hotels and Other      
Segment Reporting Information [Line Items]      
Total Revenue [11] 746 814 897
Reportable Segments | Third-Party | Experiences      
Segment Reporting Information [Line Items]      
Total Revenue [12] 924 840 737
Reportable Segments | Third-Party | TheFork      
Segment Reporting Information [Line Items]      
Total Revenue [13] 221 181 154
Reportable Segments | Intersegment | Hotels and Other      
Segment Reporting Information [Line Items]      
Total Revenue [11] 4 4 4
Reportable Segments | Intersegment | Experiences      
Segment Reporting Information [Line Items]      
Total Revenue [12] 0 0 0
Reportable Segments | Intersegment | TheFork      
Segment Reporting Information [Line Items]      
Total Revenue [13] 0 0 0
Corporate and Eliminations      
Segment Reporting Information [Line Items]      
Total Revenue (4) (4) (4)
Cost of sales [2]   0 [3] 0
Marketing [2] (4) (4) (4)
Personnel (exclusive of stock-based compensation as shown separately below) [2]   0 0
Technology [2]   0 0
General and administrative [2]   0 [5] 0 [6]
Adjusted EBITDA 0 0 0
Depreciation and amortization (92) (85) (87)
Stock-based compensation (108) (120) (96)
Restructuring and other related reorganization costs [7]   0 0
Legal reserves, settlements and other 4 [8] (18) [9]  
Transaction related expenses [10]   (3) (3)
Corporate and Eliminations | Third-Party      
Segment Reporting Information [Line Items]      
Total Revenue 0 0 0
Corporate and Eliminations | Intersegment      
Segment Reporting Information [Line Items]      
Total Revenue $ (4) $ (4) $ (4)
[1] Our revenue is recognized primarily at a point in time for all reported segments.
[2] The significant segment expense categories and amounts align with the segment-level information that is regularly provided to and reviewed by our CODM.
[3] Exclusive of $2 million and $1 million in the Hotels and Other and Experiences segments, respectively, which are included separately below in legal reserves, settlements and other.
[4] Exclusive of a $4 million cost benefit in the Hotels and Other segment which is included separately below in legal reserves, settlements and other.
[5] Exclusive of $18 million in the Hotels and Other segment which is included separately below in legal reserves, settlements and other and transaction related expenses.
[6] Exclusive of $3 million in the Experiences segment which is included separately below in transaction related expenses.
[7] Refer to “Note 7: Accrued Expenses and Other Current Liabilities” for information regarding restructuring and other related reorganization costs.
[8] Represents a decrease of $4 million of a previously estimated accrual for the potential settlement of a regulatory related matter during 2025, reflected in general and administrative expenses on our consolidated statement of operations. Refer to “Note 11: Commitments and Contingencies” for further information.
[9] This amount primarily includes an estimated accrual for the potential settlement of a regulatory related matter of $10 million expensed during 2024 and is reflected in general and administrative expenses on our consolidated statement of operations. Refer to “Note 11: Commitments and Contingencies” for further information. In addition, this amount includes a one-time charge of $3 million during the year ended December 31, 2024, resulting from enacted tax legislation in Canada during June 2024 related to digital service taxes, which required retrospective application back to January 1, 2022. This amount represents the one-time retrospective liability for the periods prior to April 1, 2024, while amounts for all prospective periods are included within adjusted EBITDA and are reflected in cost of sales on our consolidated statements of operations.
[10] The Company expensed certain transaction related costs of $3 million during both the years ended December 31, 2024 and 2023, to general and administrative expenses on our consolidated statements of operations.
[11] Certain shared personnel costs of $15 million, $14 million and $11 million for the years ended December 31, 2025, 2024 and 2023, respectively, were allocated to the Experiences and TheFork segments.
[12] Includes certain shared personnel costs allocated from the Hotels and Other segment of $12 million, $10 million and $8 million for the years ended December 31, 2025, 2024 and 2023, respectively.
[13] Includes certain shared personnel costs allocated from the Hotels and Other segment of $3 million, $4 million and $3 million for the years ended December 31, 2025, 2024 and 2023, respectively.