TRVG Q2 2025 Earnings

Call Details

• Call Title: Trivago Q2 2025 Earnings Call
• Date: 2025-08-06 12:15 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 Q2 2025 was €139.3 million, representing 17% year-over-year growth.
• Referral revenue grew by region with rest of world up 32% year-over-year, developed Europe up 20% year-over-year, and the Americas up 10% year-over-year.
• Trivago reported a net loss of €6.5 million for Q2 2025 on a GAAP basis.
• Adjusted EBITDA was a loss of €5.1 million for Q2 2025 on a non-GAAP basis, which the company described as similar to 2024.
• Operating expenses in Q2 2025 totaled €147.3 million, increasing by €19.9 million versus the prior year quarter.
• Trivago held €111.2 million in cash and cash equivalents at the end of Q2 2025 and reported no long-term debt.

Guidance

• Company reiterated full-year 2025 revenue guidance of mid-teens percentage growth.
• The company expects negative adjusted EBITDA in Q1 and Q2 and expects adjusted EBITDA to be positive in Q3 and Q4 of 2025.
• Holisto is expected to contribute low double-digit million euros in revenue for the remaining five months of 2025 and to operate at near break-even levels during that period.
• Management maintained guidance despite calling out FX headwinds in Q2 and stating it has not explicitly factored full-year FX into the outlook.
• Company expressed confidence that branded traffic growth and product improvements will compound returns and support achievement of guidance.
• Company stated intent to continue scaling brand marketing investments while monitoring advertising efficiency (ROAS) to support the guidance.