TRVG Q1 2025 Earnings

Call Details

• Call Title: Trivago Q1 2025 Earnings Call
• Date: April 30, 2025 at 12:15 PM UTC
• Management Team:
  • Johannes Thomas (Chief Executive Officer)
  • Robin Harries (Chief Financial Officer)
  • Wolf Schmuhl (Incoming Chief Financial Officer)

Call Summary

Financial Performance

• Q1 total revenue reached €124.1M, representing a 22% year-over-year increase compared to Q1 2024.
• Q1 reported a net loss of €7.8M and an adjusted EBITDA loss of €6.5M for the quarter.
• Operating expenses totaled €133.7M in Q1, which was an increase of €20.7M versus the prior-year quarter.
• Selling and marketing expense increased by €21.4M in Q1 and was the primary driver of the operating expense increase.
• Advertising spend increased by €10.4M (31%) in the Americas, €7.3M (50%) in rest of world, and €2.7M (7%) in developed Europe during Q1.
• Cash and cash equivalents were €118.6M at quarter end, and the company reported no long-term debt.
• Referral revenue showed regional strength with growth of 90% in developed Europe, 80% in America, and 44% in rest of world.

Guidance

• Full-year 2025 revenue growth guidance was raised to mid-teens percentage growth versus prior guidance.
• The company expects negative adjusted EBITDA in Q1 and Q2 and anticipates positive adjusted EBITDA in Q3 and Q4.
• The company reiterated an expectation of positive adjusted EBITDA for the full year, described as similar to last year's levels.
• Impacts from the full Holisto acquisition are not reflected in the updated guidance and will be addressed after closing.
• April performance was described as continuing to show strong double-digit revenue growth rates.
• The company stated that there is capacity to further scale brand marketing investments while maintaining disciplined performance marketing.