NASDAQ$TRVG
Trivago NV-ADR · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
trivago delivers 17% Q2 revenue growth to €139.3M as branded traffic accelerates across all regions
trivago reported second quarter 2025 total revenue of €139.3 million, up 17% year over year, marking its third consecutive quarter of growth and second consecutive quarter of double-digit gains across Americas, Developed Europe, and Rest of World. Referral revenue rose 18% to €138.5 million while advertising spend increased 22% to €116.4 million, with global return on advertising spend at 119.0%. Net loss widened to €6.5 million from €4.9 million, but adjusted EBITDA loss improved to €5.1 million from €5.4 million. Logged-in users generated 20% of referral revenue, and the company completed its Holisto acquisition on July 31. Management reiterated mid-teens full-year revenue growth and expects positive adjusted EBITDA similar to 2024.
- Total revenue grew 17% to €139.3 million with referral revenue up 18% to €138.5 million across all three reporting segments
- Adjusted EBITDA loss improved to €5.1 million despite a wider net loss of €6.5 million as brand marketing investments increased 22%
- Logged-in users reached 20% of referral revenue, reflecting progress on engagement and loyalty initiatives
- Holisto acquisition closed July 31 and is expected to contribute low double-digit million euro revenue in 2025
- Full-year 2025 revenue growth guidance remains mid-teens with positive adjusted EBITDA targeted similar to 2024
Headline financials
Revenue & EPS history
Trivago · Revenue · Quarterly
€139M
Revenue by segment
Trivago · €139M total across 3 segments · Q2 2025
- Developed Europe€56.2M—40.6%
- Americas€52.8M—38.1%
- Rest of World€29.5M—21.3%
Forward guidance
trivago expects a third consecutive quarter of double-digit revenue growth in Q3 2025, full-year total revenue growth in the mid-teens, Holisto to add low double-digit million euro revenue, and positive adjusted EBITDA similar to 2024.
Tailwinds
- Continued double-digit branded channel traffic growth and strong ROAS of 119.0%
- Holisto acquisition expected to expand the trivago-branded booking funnel
Headwinds
- Q3 growth rate expected below Q2 due to tough prior-year comparisons
- Net loss widened as advertising spend rose 22% year over year
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2025
-3.0%
Avg return
Earnings day
+1.0%
Avg return
5 days after
-0.1%
Avg return
30 days after
37%
14 / 38 earnings
Positive
+24.7%
Q3 2018
Best reaction
-29.3%
Q1 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.4% | +12.8% | +47.2% | |
| Q4 2025 | -0.7% | +0.7% | -6.8% | |
| Q3 2025 | +1.7% | +2.0% | +2.0% | |
| Q2 2025 | -27.9% | -28.8% | -31.1% | |
| Q1 2025 | +8.1% | +26.2% | -2.2% | |
| Q4 2024 | -1.6% | +58.5% | +29.4% | |
| Q3 2024 | +3.0% | +0.6% | +42.9% | |
| Q2 2024 | +1.9% | -1.4% | -3.4% | |
| Q1 2024 | -1.6% | -5.5% | -4.7% | |
| Q4 2023 | -3.2% | -2.4% | +0.8% | |
| Q3 2023 | -6.3% | -3.6% | -57.7% | |
| Q2 2023 | -15.0% | -16.4% | -17.9% | |
| Q1 2023 | -17.0% | -14.9% | -13.5% | |
| Q4 2022 | -4.4% | -3.9% | -6.1% | |
| Q3 2022 | +15.0% | +24.0% | +46.0% | |
| Q2 2022 | -1.7% | +0.6% | -14.5% | |
| Q1 2022 | -0.9% | -15.6% | -19.9% | |
| Q4 2021 | +4.5% | +16.5% | -8.5% | |
| Q3 2021 | -4.5% | +9.8% | -22.0% | |
| Q2 2021 | -2.0% | -4.7% | -6.0% | |
| Q1 2021 | -3.9% | +6.1% | +6.1% | |
| Q4 2020 | +1.8% | +19.6% | +50.7% | |
| Q3 2020 | -5.2% | -3.7% | +65.9% | |
| Q2 2020 | +9.8% | +11.0% | +14.6% | |
| Q1 2020 | +14.5% | +27.6% | +46.2% | |
| Q4 2019 | -13.7% | -10.6% | -45.5% | |
| Q3 2019 | -18.9% | -20.6% | -22.1% | |
| Q2 2019 | +4.9% | +8.8% | +4.7% | |
| Q1 2019 | -9.4% | -2.3% | -23.2% | |
| Q4 2018 | +0.9% | +3.7% | -5.1% | |
| Q3 2018 | +24.7% | +30.8% | +16.7% | |
| Q2 2018 | -4.2% | -4.9% | +1.4% | |
| Q1 2018 | -29.3% | -30.1% | -24.8% | |
| Q4 2017 | -2.8% | -3.3% | +6.7% | |
| Q3 2017 | -26.3% | -31.0% | -33.6% | |
| Q2 2017 | -19.5% | -22.3% | -27.5% | |
| Q1 2017 | +15.0% | +6.6% | +3.8% | |
| Q4 2016 | +2.7% | -1.0% | +8.1% | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — |
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