TRVG Q1 2026 Earnings

Call Details

• Call Title: Trivago Q1 2026 Earnings Call
• Date: May 6, 2026 at 12:00 PM UTC
• Management Team:
  • Johannes Thomas (Chief Executive Officer and Managing Director)
  • Wolf Schmuhl (Chief Financial Officer and Managing Director)

Call Summary

Financial Performance

• Total revenue for Q1 2026 was €132.9M, representing 15% year-over-year growth.
• Q1 2026 reported net loss was €7.3M and adjusted EBITDA loss was €4.5M for the quarter.
• Operational expenses were €152.9M in Q1 2026, up €19.2M versus prior year, driven mainly by a €10.6M increase in selling and marketing.
• Global ROAS improved from 118.1% in Q1 2025 to 121% in Q1 2026, with Americas ROAS improving to 116.1% from 102.7% year-over-year.
• Developed Europe ROAS declined from 134% to 130.5% year-over-year, and rest of world ROAS declined from 120.3% to 111.2% year-over-year.
• Foreign exchange was a headwind of approximately 5% on revenues in Q1 2026, with rest of world experiencing approximately 9% FX headwind.

Guidance

• Trivago reaffirmed full-year 2026 revenue outlook of double-digit percentage growth.
• Trivago increased its 2026 adjusted EBITDA guidance to around €25M, up from prior guidance of at least €20M.
• Company reiterated a target of a 10% adjusted EBITDA margin 'within the next few years' but did not provide a narrower timeline.
• Company expects to further scale brand marketing in 2026 at a more moderate pace while using compounding brand effects to improve profitability.
• Company plans to begin consolidating Trivago deals without the current one-month reporting lag in 2026, which may change timing in consolidated financial statements.
• Q2 2026 commentary described a promising start but acknowledged challenging year-over-year comparables in the first half of 2026.