TRVG Q3 2025 Earnings

Call Details

• Call Title: Trivago Q3 2025 Earnings Call
• Date: November 5, 2025 at 1:15 PM UTC
• Management Team:
  • Johannes Thomas (Trivago CEO and Managing Director)
  • Wolf Schmuhl (Trivago CFO and Managing Director)

Call Summary

Financial Performance

• Total revenue was €165.6M in Q3 2025, representing 13% year-over-year growth.
• Adjusted EBITDA was €16M for Q3 2025, representing an 18% year-over-year improvement.
• Net profit for the quarter was €11M.
• Operational expenses totaled €153.4M in Q3 2025, decreasing €12.3M year-over-year primarily due to the non-recurrence of a €30M impairment recorded in the prior year.
• Excluding the prior-year €30M impairment, operational expenses increased by €17.7M year-over-year, driven mainly by a €14.5M increase in selling and marketing expenses.
• Advertising spend increased by €7.2M (17%) in developed Europe, €2.8M (11%) in the rest of the world, and €3.6M (9%) in the Americas.
• Unfavorable foreign exchange headwinds negatively affected revenue developments by approximately 4% globally.
• As of September 30, 2025, cash and cash equivalents were €106.3M and there was no long-term debt.

Guidance

• Trivago continues to expect mid-teens percentage revenue growth for the full year 2025.
• The company expects positive adjusted EBITDA of at least €10M for full-year 2025.
• For 2026 the company aims for an increased adjusted EBITDA of around €20M while maintaining double-digit percentage revenue growth.
• Guidance will be provided on a consolidated basis and Trivago Deals Limited (formerly Holisto) will be included in future consolidated guidance.
• CFO commentary stated that both the core travel (lead-gen) segment and the Holisto/holistic segment are expected to grow double-digit in 2026, while consolidated guidance remains the formal guidance metric.
• Q4 2025 was described as having a promising start and the company expects to close the quarter and the year at mid-teens revenue growth.