TripAdvisor announced financial results for the second quarter ended June 30, 2013. - Revenue for the second quarter increased to $246.9 million, up 7% quarter-over-quarter and up 25% year- over-year. - Net income for the second quarter increased 8% quarter-over-quarter and increased 26% year-over-year to $67.0 million, or $0.46 per diluted share. Non-GAAP net income for the second quarter increased 4% quarter-over-quarter and 28% year-over-year to $75.7 million, or $0.52 per diluted share. - Adjusted EBITDA for the second quarter increased 3% quarter-over-quarter and 16% year-over-year to $112.8 million, or 46% of revenue. - Cash flow from operations for the second quarter increased 45% year-over-year to $89.6 million, or 36% of revenue; free cash flow for the second quarter increased 35% year-over-year to $75.3 million, or 30% of revenue. - TripAdvisor repurchased 675,000 common shares for an aggregate purchase price of $42.4 million. - More than one billion travelers visited TripAdvisor’s website during the first half of the year. “There was a lot for TripAdvisor fans to be excited about during the second quarter,” said Steve Kaufer, President and CEO of TripAdvisor. “Our strong financial performance was driven by continued traffic growth. We also kicked off our first-ever offline ad campaign to enhance brand awareness. Perhaps most notably, we bid ‘adieu’ to pop-ups and rolled out our new hotel metasearch display, which makes it easier for travelers to find a great hotel as they plan their perfect trip.” Get the full story at TripAdvisor (PDF 140 KB) and the company's earnings call transcript at Seeking Alpha Read also "TripAdvisor reveals early impact of hotel metasearch" at Tnooz