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trivago (TRVG) investor relations material
trivago Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary6 Aug, 2025
Executive summary
Achieved 17% year-over-year revenue growth in Q2 2025, marking the third consecutive quarter of growth and double-digit gains across all segments.
Rest of World led with 32% revenue growth, Developed Europe at 20%, and Americas at 10% year-over-year.
20% of referral revenue now comes from logged-in users, reflecting improved member engagement.
Completed acquisition of Holisto (Hollisto), an AI-driven travel tech company, to enhance booking funnel and conversion rates.
Strategic focus on brand marketing, product innovation, and partner empowerment drove results.
Financial highlights
Q2 2025 total revenue reached €139.3 million, up 17% year-over-year; H1 2025 revenue was €263.4 million.
Net loss for Q2 was €6.5 million; adjusted EBITDA loss improved to €5.1 million from €5.4 million in Q2 2024.
Operational expenses rose by €19.9 million to €147.3 million, mainly due to a €21.8 million increase in selling and marketing.
Global ROAS was 119% in Q2, down from 122.7% in the prior year.
Ended Q2 with €111.2 million in cash and no long-term debt.
Outlook and guidance
Expect mid-teens percentage revenue growth for full year 2025 and positive adjusted EBITDA similar to last year.
Anticipate positive adjusted EBITDA in Q3 and Q4 after negative results in the first half.
Holisto expected to contribute low double-digit million euros in revenue for the remainder of 2025, operating near breakeven.
Q3 2025 revenue growth expected to remain double-digit but below Q2 levels.
Quantify the FX headwind in Q2 and full year?
Elaborate on early learnings from Book & Go.
Drivers of outsized growth in Rest of World?
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Next trivago earnings date
Q3 20255 Nov, 2025
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Frequently asked questions
Metasearch Engine for Travelers
Trivago is a German company with global operations that operates a metasearch engine, offering users the ability to compare hotel prices from various booking sites. Trivago's interface allows customers to refine their search based on multiple criteria, including location, price range, and hotel features, making it a convenient tool for travelers seeking to get an overview of all available accommodation options. The company is headquartered in Düsseldorf, Germany, and its shares are listed on the Nasdaq.
Founding, Expedia, and Trivago
The company was founded in 2005 and started as a website that aggregated hotel prices and availability from various booking platforms, allowing users to compare prices. The company quickly gained popularity in its native Germany and expanded its services across Europe. In December 2012, Expedia Group, one of the world's largest travel technology companies, announced it would acquire a majority stake in Trivago, and the deal was completed in 2013. Three years later, Trivago went public.
The Search Platform
Trivago offers a global hotel search platform going by the same name as the company. It is designed to simplify the process of finding and booking accommodations by aggregating data from various booking sites, allowing users to compare hotel prices, locations, and amenities in a single, user-friendly interface. Trivago's extensive database includes a wide range of accommodations, from budget hotels to luxury resorts, catering to diverse traveler preferences. The platform offers additional features like reviews and rating filters, allowing users to find accommodations that fit their specific wants and needs.
How Trivago Makes Money
Trivago generates revenue primarily through a cost-per-click (CPC) model. Hotel chains, such as Hilton Worldwide or Hyatt Hotels, and booking sites pay a fee to Trivago each time a user clicks on a listing. The company also runs advertisements on its website.
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