NASDAQ$TRVG
Trivago NV-ADR · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
13% revenue growth and €16M Adjusted EBITDA mark strongest public Q3 yet
trivago reported Q3 2025 total revenue of €165.6 million, up 13% year over year, with referral revenue of €161.6 million up 11%—the fourth consecutive quarter of growth and third straight quarter of double-digit referral revenue gains. Net income was €11.0 million (€0.03 diluted EPS), the strongest third quarter since going public, while Adjusted EBITDA rose 18% to €16.0 million. Branded channel traffic growth remained double digit across all core regions despite FX headwinds, and global return on advertising spend held steady at 134.1%. The company completed its Holisto acquisition on July 31 and guided to mid-teens revenue growth for full-year 2025 with Adjusted EBITDA of at least €10 million, and around €20 million for 2026.
- Total revenue grew 13% to €165.6M; referral revenue rose 11% to €161.6M
- Net income of €11.0M (€0.03 EPS) and Adjusted EBITDA of €16.0M, up 18% year over year
- Global ROAS held at 134.1% despite 13% higher advertising spend
- Holisto acquisition closed July 31; €3.2M step-acquisition gain boosted other income
- 2026 outlook: mid-teens revenue growth and Adjusted EBITDA around €20M
Headline financials
Revenue & EPS history
Trivago · Revenue · Quarterly
€166M
Revenue by segment
Trivago · €162M total across 3 segments · Q3 2025
- Developed Europe€69.7M—43.2%
- Americas€58.8M—36.4%
- Rest of World€33M—20.4%
Forward guidance
trivago expects Q4 2025 double-digit revenue growth, full-year 2025 mid-teens revenue growth with Adjusted EBITDA of at least €10M, and 2026 mid-teens revenue growth with Adjusted EBITDA around €20M.
Tailwinds
- Branded marketing investments driving durable double-digit traffic growth
- Holisto integration expands Book & Go facilitated booking capabilities
Headwinds
- Foreign exchange headwinds partially offset local-currency revenue momentum
- Increased brand spend pressured Developed Europe ROAS in the quarter
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 Q3 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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