Trivago N.v Stock Earnings Reports

trivago reported a strong start to 2026 with total revenue of EUR 142.9m, up 15% year-over-year, marking its fifth consecutive quarter of double-digit growth. Key drivers included Americas (+17% referral revenue) and Developed Europe (+14%), improved product conversion (up 58% since Q1 2023), and growing contribution from logged-in members (now >30% of referral revenue before intercompany eliminations). Trivago Book & Go scaled rapidly (referral revenue up 530% since Q1 2023) and the company continues to rebalance its marketplace—direct partners, CPA transactions and Book & Go have materially increased share. Management emphasized reduced reliance on generic search (Google referral share down 34% vs Q1 2023), active AI integration across product and operations, and three new C-level hires to accelerate technology and commercial execution. Financially, Q1 showed an adjusted EBITDA loss of EUR 4.5m but improving profitability metrics and ROAS; cash was EUR 136.1m with zero long-term debt. Management reaffirmed full-year guidance for double-digit revenue growth and raised adjusted EBITDA guidance to around EUR 25m for 2026 (prior at least EUR 20m). They also announced a planned share buyback program of up to EUR 20m. Risks and near-term headwinds include FX (~5% negative impact in Q1), geopolitical pressure in parts of Rest of World (affecting that segment), and the inherent uncertainty of the newly filed multiyear antitrust damages claim against Google.