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trivago starts strong in 2019, with double digit increase in profitability

May 4, 2019 Financial No Comments Email Email

Rolf Schrömgens, CEO and Founder: “Our strategy is already delivering tangible results with a significant improvement in traffic quality as we continue to increase marketing efficiency and optimize our product. We are also very pleased with the status of our alternative accommodation efforts as we explore exciting opportunities for our product.”

Axel Hefer, CFO: “We are pleased that we were able to further increase our profitability and to carry the positive momentum into the new year. We believe this positions us well to achieve our goal of profitable growth in the second half of the year.”

Financial Summary & Operating Metrics (€ millions, unless otherwise stated)

Three months ended March 31,
2019 2018 Δ Y/Y
Total revenue 208.8 259.4 (20)%
Qualified Referrals (in millions) 129.3 189.5 (32)%
Revenue per Qualified Referral (in €) 1.59 1.35 18%
Operating income/(loss) 13.0 (29.2) n.m.
Net income/(loss) 7.8 (21.8) n.m.
Return on Advertising Spend 136.6% 107.8% 28.8 ppts
Adjusted EBITDA(1) 20.9 (21.9) n.m.

n.m. not meaningful

(1) “Adjusted EBITDA” (Adjusted Earnings Before Interest, Taxes, Depreciation, Amortization, and Share Based Compensation) is a non-GAAP measure. Please see “Definitions of Non-GAAP Measures” and “Tabular Reconciliations for Non-GAAP Measures” for explanations and reconciliations of non-GAAP measures used throughout this release.

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