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trivago (TRVG) investor relations material
trivago Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 15% year-over-year total revenue growth in Q1 2026, marking the fifth consecutive quarter of double-digit growth, with improved profitability despite FX headwinds and geopolitical pressures.
Americas and Developed Europe referral revenue grew 17% and 14% respectively, both exceeding expectations, while Rest of World declined 12% due to FX and Middle East instability.
Branded channel traffic revenue outpaced total revenue growth, and product conversion rate increased 58% since Q1 2023.
Logged-in members now drive over 30% of referral revenue, supporting retention and personalized experiences.
Announced an antitrust damages claim against Google, seeking compensation for damages from 2014–2025.
Financial highlights
Q1 2026 total revenue reached €142.9 million, up 15% year-over-year, despite FX headwinds.
Net loss of €7.3 million, improved from €7.8 million in Q1 2025; adjusted EBITDA loss of €4.5 million, improved from €6.5 million.
Operational expenses rose by €19.2 million to €152.9 million, mainly due to increased marketing and consolidation of trivago Deals.
Cash and cash equivalents stood at €136.1 million as of March 31, 2026, with no long-term debt.
Referral revenue: €134.9 million, up 9% year-over-year; other revenue: €8.0 million, up from €0.7 million.
Outlook and guidance
Reaffirmed full-year outlook for double-digit percentage revenue growth.
Raised adjusted EBITDA guidance for 2026 to around €25 million, targeting a 10% margin within the next few years.
Supervisory board authorized up to €20 million share buyback program, execution planned to start end of May 2026.
- Q4 2025 revenue rose 27% with record profitability; double-digit growth targeted for 2026.TRVG
Q4 20254 Feb 2026 - Q2 2024 revenue fell 5% to €118.6M, but branded growth and investments support H2 recovery.TRVG
Q2 20242 Feb 2026 - Q3 2024 revenue fell 7% but branded channel traffic grew and outlook for Q4 is positive.TRVG
Q3 202416 Jan 2026 - Q4 revenue growth, AI-driven innovation, and brand investment drive a strong outlook.TRVG
Status Update24 Dec 2025 - Registration statement effectiveness delayed pending further amendment.TRVG
Registration Filing16 Dec 2025 - Plans to offer up to $500M in securities, with a dual-class share structure and NASDAQ listing.TRVG
Registration Filing16 Dec 2025 - Q4 2024 saw a return to growth and profitability, driven by brand marketing and AI.TRVG
Q4 20242 Dec 2025 - Q1 2025 revenue up 22% with raised full-year outlook and improved margins across all segments.TRVG
Q1 202528 Nov 2025 - Q2 2025 saw 17% revenue growth, improved EBITDA, and strategic AI-driven expansion.TRVG
Q2 202523 Nov 2025
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