trivago N.V. · NASDAQ:TRVG
trivago — Q2 2025 Earnings Presentation
23 slides from trivago's earnings presentation, Aug 5, 2025
Slide 1: Turning the Tide
Turning the Tide Investor Presentation Q2 2025 1 5 August 2025
Slide 2: Disclaimer
Disclaimer All of the information herein has been prepared by trivago N.V. (“the Company”) solely for use in this presentation. The information contained in this presentation has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no re
Slide 3: trivago at a glance
trivago at a glance trivago (NASDAQ:TRVG) is a global hotel search and price comparison platform. Our Mission: When price-savvy travelers are searching for a “Hotel?”, we want the obvious High unaided brand awareness in key travel markets worldwide1 choice to be “trivago”. Netherlands 5M+ 540M+ Acco
Slide 4: Q2 2025 Highlights
Q2 2025 Highlights Financial We achieved strong double-digit revenue growth of 17% with Referral Revenues Performance growing 32% in Rest of World, 20% in Developed Europe, and 10% in Americas. Q2 2025 At the same time, Adjusted EBITDA slightly improved. As we entered the peak summer travel season,
Slide 5: Q2 2025 Financials – Top-line meets; Adj. EBITDA beats our expectation
Q2 2025 Financials – Top-line meets; Adj. EBITDA beats our expectation 2024 2025 % YoY Total Revenue (€mm) ROAS1 (%) Adjusted EBITDA2 (€mm) Net Loss (€mm) 263.4 (5.4) (5.1) (4.9) 220.0 123% 119% (6.5) 121% 119% (11.6) (14.5) (13.3) (14.3) 139.3 Q2 H1 Q2 H1 118.6 % of Total Revenue % of Total Revenue
Slide 6: Revenue growth in Q2 confirms strong momentum
Revenue growth in Q2 confirms strong momentum Total Revenue dynamics Total Revenue - quarterly, EURm year-over-year 22% 17% 157.9 146.1 139.3 124.4 124.1 3% 118.6 111.0 101.4 91.7 94.8 (5%) (9%) (13%) (7%) (14%) (14%) Q2’24 Q3’24 Q1’24 Q2’23 Q3’23 Q4’23 Q2’25 Q4’24 Q1’25 Q1’23 Q2’23 Q3’23 Q4’23 Q1’2
Slide 7: We see significant growth potential across the globe
We see significant growth potential. Our business is well-diversified, with opportunities across the globe. Q2 2025 (LTM1) Total Revenue - annually, EURm Referral Revenue per Segment 1,035 21% 915 37% 839 754 535 493 485 461 361 42% 249 Americas 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Slide 8: Unlocking value: strong fundamentals, profitable growth, low EV/Revenue multiple
Unlocking value: Building on strong fundamentals, profitable growth momentum and a low EV/Revenue multiple TRVG share price Market cap: $278.3M $6.00 ≈ €240.7M Last close: $4.48 $5.00 Cash and Cash Equivalents: €111.2M $4.00 $3.00 Debt1: €0M $2.00 Total Revenue $1.00 Q2 2025 (LTM): €504M (+7%) $0.00
Slide 9: Selected Focus Areas
Our strategic focus areas which we expect to drive sustainable growth Marketing Hotel Search Partnerships Capturing Demand Matching Demand and Supply Aggregating Supply Brand Search Content Deals Partnerships Guiding Lights Elevate our Create a Deliver highly Create the Empower our trivago brand sup
Slide 10: Marketing: Summer brand marketing campaign has demonstrated strong results
Marketing: Our summer brand marketing campaign has demonstrated strong results since its launch in May, driving branded visitor growth. Example: US Branded Visitor Development1 • View our latest TV Spots: 2024 2025 • We launched a new summer brand US: marketing campaign to You have to check kick off
Slide 11: Hotel Search: More intuitive way of engaging with filters
Hotel Search: We qualified a more intuitive way of engaging with our filters which improved our search experience and lifted engagement. • We have consolidated our filter and sorting menus for more seamless navigation. • Popular filters are being displayed more visibly to users which has Filter chip
Slide 12: Hotel Search: AI review summaries scaled to over 230,000 hotels
Hotel Search: We launched and scaled AI review summaries to over 230,000 hotels and 11 languages, presenting more relevant content. • Leveraging our AI stack, we are offering a new feature to our users. Instead of reading through hundreds of reviews, we distilled the core insights at a glance. • Thi
Slide 13: Hotel Search: Revenue share from logged-in users reached 20%
Hotel Search: We almost doubled our revenue share from logged-in users since 2023 and reached our 20% milestone in Q2. Share of revenue generated by logged-in users Index: Q2'23 = 100% 200% 180% Call to log-in 160% 140% 120% 100% Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Call to log-in 1
Slide 14: Hotel Search: 5th generation of personalized ranking
Hotel Search: We have launched our 5th generation of personalized ranking, tangibly driving conversion. Show screenshot with three recommended hotels on top Showing of thetailored search results hotel options Personalization surveys 14
Slide 15: Hotel Search: AI smart search integrated into core search
Hotel Search: We improved and integrated our AI smart search into our core hotel search experience, accelerating user adoption. • We could increase usage of our AI smart search significantly by integrating it to our core Free text search search experience. This differentiates us and allows us to lea
Slide 16: Hotel Search: Completed Project Trinity price display
Hotel Search: We completed "Project Trinity" a new way of displaying our prices to simplify our comparison experience. • Comparing the direct rate, great deals and rates from other popular sites has become more intuitive and easier. Comparison • Users can see the different prices more visibly in our
Slide 17: Partnerships: Smart bidding and transaction-based model expanded to 120+ partners
Partnerships: We expanded our smart bidding and transaction-based model to more than 120 partners, making them more competitive. Global clickshare development of transaction-based model • Historically trivago offered a CPC Index: Q2'23 = 100% based model to all advertisers. • In the recent years we
Slide 18: Partnerships: Completed acquisition of Holisto
Partnerships: We have completed our acquisition of Holisto which allows us to accelerate the expansion of trivago Book & Go. • On July 31, 2025, we completed the acquisition of Holisto Limited (“Holisto”) by acquiring all remaining equity interests for USD 25.5 (approx. EUR 22.3) million. Holisto is
Slide 19: Partnerships: Our partner mix remains healthy
Partnerships: Our partner mix remains healthy. Advertiser revenue share as % of Referral Revenue 21% 19% 16% 17% 20% 20% 20% 27% 26% 25% 23% 24% 22% 24% 26% 25% 25% 29% 29% 34% 34% 37% 34% 32% 37% 40% 34% 35% 31% 37% 41% 36% 35% 35% 38% 36% 52% 50% 43% 45% 46% 43% 46% 43% 37% 39% 40% 40% 39% 37% 40%
Slide 20: For more detailed insights, view our investor presentation
For more detailed insights on trivago and our strategy, please view our investor presentation from February 2025 and ir.trivago.com Click here to view our February 2025 … and here for our Q1 ’25 Investor Presentation Investor Presentation … In Q1 2025, we achieved strong double-digit revenue growt
Slide 21: Appendix
Appendix
Slide 22: Adjusted EBITDA
Adjusted EBITDA in millions, EUR Three Months Ended Six Months Ended Twelve Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 June 30, 20251 December 31, 2024 Net loss -6.5 -4.9 -14.3 -13.3 -24.7 -23.7 Loss from equity method investments -0.4 -0.0 -1.7 -0.1 -3.3 -1.7 Loss before e
Slide 23: IR contacts: [email protected]
IR contacts: [email protected]