Trivago said its fourth-quarter revenue declined by 79% to EUR 32.3 million and full-year revenue of 2020 was EUR 248.9 million, down by 70%.
In the fourth quarter of 2020, a second wave of infections of COVID-19 has materialized in most countries where the company operates.
The company reported a net loss of EUR 8.6 million for the fourth quarter and a net loss of EUR 245.4 million for the full year.
Trivago expects a strong recovery in travel activities by the second half of 2021 with an initial focus of users on nature destinations.
Total cash and short-term investments at EUR 230.2 million as of December 31, 2020, virtually flat compared to 2019 despite the COVID-19 crisis.
Read original report
