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  "documentTitle": "Tripadvisor, Inc. (TRIP)",
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  "presentationDate": "2025-10-01 00:00:00",
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  "notes": "LSD likely refers to Low Single Digits.",
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      "text": "We believe the current financial profile of Viator is unacceptable",
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      "text": "Viator is growing slower than its closest peer, GetYourGuide, despite both companies spending similar amounts on sales & marketing and having significant overlap in experiences inventory.",
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      "text": "Source: Company Filings, Wall Street Analyst Estimates. Note: The peer company identified here reflects Starboard's assessment of what firm can be reasonably considered Viator's peer in the online experiences industry. However, this analysis contains elements of subjectivity and the comparisons made herein may differ materially if other firms had been included.",
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      "text": "Despite This Strong Market Positioning, Viator Is Underperforming Its Closest Peer, GetYourGuide",
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