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Trivago total revenue rises 17% to €287.9 million in Q3 2017

10/25/2017| 8:37:46 PM| 中文

Trivago offered access to approximately 1.8 million hotels and other types of accommodation in over 190 countries, increasing total revenue to €287.9 million, up 17% year-over-year.

Trivago announced its financial results for the third quarter ended September 30, 2017.

Highlights Q3 2017

- Total revenue increased to €287.9 million in the third quarter of 2017, or 17% year-over-year, compared to €246.7 million in the third quarter of 2016, and increased to €853.8 million in the nine months ended September 30, 2017 compared to €585.0 million for the same period in 2016, representing a 46% increase year-over-year

- The number of Qualified Referrals increased by 20% to 214.2 million in the third quarter of 2017, compared to 179.2 million in the third quarter of 2016, and increased to 587.8 million in the nine months ended September 30, 2017, compared to 413.0 million for the same period in 2016, or 42% year-over-year

- Net loss increased to €7.7 million in the third quarter of 2017, from €1.5 million in the third quarter of 2016, and decreased to €3.5 million in the nine months ended September 30, 2017, compared to a net loss of €51.5 million for the same period in 2016

- Adjusted EBITDA was €(7.1) million in the third quarter of 2017, compared to €6.3 million in the third quarter of 2016, and €15.3 million in the nine months ended September 30, 2017, compared to €16.3 million in the nine months ended September 30, 2016

Financial Summary & Operating Metrics (€ millions unless stated)

As of September 30, 2017, Trivago offered access to approximately 1.8 million hotels and other types of accommodation in over 190 countries.

Referral Revenue, Other Revenue, Qualified Referrals & RPQR

Referral Revenue in the third quarter of 2017 increased to €107.9 million, €121.0 million and €54.9 million, in Americas, Developed Europe and Rest of World (RoW), respectively, or by 12%, 6% and 62%, respectively, as compared to the same period in 2016.

In the third quarter of 2017, selling and marketing expense grew to €274.4 million, of which €255.9 million, or 93%, was advertising expense.

Net loss attributable to trivago N.V. of €5.9 million in the third quarter of 2017 reflected our inability to pull back planned television advertising spend quickly enough as described above. This also negatively impacted Return on Advertising Spend (ROAS) in the third quarter of 2017. Adjusted EBITDA was €(7.1) million in the third quarter of 2017, compared to €6.3 million the third quarter of 2016.

Cash, cash equivalents and restricted cash were €191.0 million as of September 30, 2017, compared to €228.2 million as of December 31, 2016.

Ownership of trivago N.V. as of September 30, 2017

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