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TRVG

trivago N.V.

TRVG

trivago N.V. • NASDAQ
$3.07 ▲ 5.41% (+0.16)
Market Cap $215.99 M
52w High $5.83
52w Low $2.02
Dividend Yield 0%
P/E -7.67
Volume 80.84K
Outstanding Shares 70.36M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $165.576M ▲ $149.431M ▲ $11.027M ▲ 6.66% ▲ $0.16 ▲ $16.685M ▲
Q2-2025 $139.268M ▲ $144.641M ▲ $-6.502M ▲ -4.669% ▲ $-0.092 ▲ $-6.288M ▲
Q1-2025 $124.108M ▲ $130.951M ▲ $-7.795M ▼ -6.281% ▼ $-0.11 ▼ $-7.54M ▼
Q4-2024 $94.775M ▼ $84.28M ▼ $5.059M ▲ 5.338% ▲ $0.073 ▲ $9.144M ▲
Q3-2024 $146.087M $162.794M $-15.431M -10.563% $-0.22 $-17.294M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $124.95M ▲ $360.987M ▲ $163.238M ▲ $197.749M ▲
Q2-2025 $111.243M ▼ $301.357M ▼ $115.888M ▲ $185.469M ▼
Q1-2025 $118.59M ▼ $301.974M ▲ $110.928M ▲ $191.046M ▼
Q4-2024 $133.745M ▲ $300.717M ▲ $103.112M ▼ $197.605M ▲
Q3-2024 $107.588M $295.242M $105.131M $190.111M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $11.027M ▲ $8.954M ▲ $-13.529M ▼ $-318K ▲ $-4.903M ▲ $7.711M ▲
Q2-2025 $-6.502M ▲ $-6.471M ▲ $-82K ▲ $-377K ▼ $-7.347M ▲ $-7.575M ▲
Q1-2025 $-7.795M ▼ $-14.101M ▼ $-956K ▼ $-305K ▼ $-15.497M ▼ $-15.063M ▼
Q4-2024 $5.059M ▲ $26.935M ▲ $-696K ▲ $-115K ▲ $26.157M ▲ $26.237M ▲
Q3-2024 $-15.431M $3.733M $-10.922M $-148K $-7.43M $3.018M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly flat in recent years after a recovery from the pandemic slump, and it has not yet translated into consistent profitability. Gross margins are very high, which means the core metasearch model is asset‑light and inexpensive to run once traffic is in the door. The problem is mainly on the operating side: marketing and overhead have kept the company in a loss‑making position in most years, with only a brief period of profit. Earnings per share have been negative in four of the last five years, and the reverse stock splits in 2023 highlight past share‑price pressure. Overall, the business generates decent revenue for its size but still struggles to turn that into steady, bottom‑line profits.

Balance Sheet

Balance Sheet The balance sheet is relatively simple and conservative. Total assets have shrunk meaningfully over the last few years, which reflects a leaner, scaled‑back company. Cash makes up a large share of assets, and debt levels are low, so leverage does not appear to be a major risk at the moment. Equity has trended down as losses accumulated, but the firm still shows a positive equity base. In words: this looks more like a small, cautious balance sheet with limited financial risk, but also with limited buffer if losses were to persist for a long time.

Cash Flow

Cash Flow Despite accounting losses, trivago has managed to generate positive operating cash flow in each of the last several years, although the amounts are modest. Capital spending is very light, which fits an online, asset‑light business model, so most operating cash flow flows through to free cash flow. That free cash is not large, but it is consistently positive, which helps support ongoing operations without heavy borrowing. The key question is whether the business can grow cash generation meaningfully, not just keep it slightly above water.

Competitive Edge

Competitive Edge trivago operates in one of the toughest corners of online travel, squeezed between giant booking platforms and powerful search engines. Its main strength is brand recognition from years of marketing campaigns, which still drives direct traffic. It also benefits from a wide network of hotel and OTA partners and a simple, familiar user experience. However, its moat looks shallow: users can easily switch to Booking, Expedia, Google Hotels or others, and there are limited “network effects” tying people to the platform. The company also remains heavily dependent on advertising to stay visible. In short, trivago has a recognizable brand and solid product, but it competes against much larger players with deeper pockets and stronger ecosystems.

Innovation and R&D

Innovation and R&D Innovation is a clear focus, especially around artificial intelligence and improving the booking journey. The company is pushing AI‑powered search that lets users ask travel questions in natural language, more personalized recommendations, smarter pricing comparison, and AI‑generated review summaries. It is also building more of a booking funnel with “Book & Go,” tools for hoteliers (Business Studio), curated weekend trips, and activities partnerships. Recent investment in an AI‑driven travel tech firm shows a willingness to buy or partner for capabilities. Overall, trivago is trying to move from a simple price‑comparison site to a richer planning and booking experience, with AI as the main lever for differentiation.

Summary

trivago today looks like a lean, asset‑light travel tech company with solid gross margins, modest but positive cash generation, and ongoing accounting losses. The balance sheet is not heavily stressed by debt, but has become smaller over time as the business has shrunk from its pre‑pandemic scale. Competitively, it holds a well‑known brand but faces intense pressure from much larger online travel and search platforms, and its advantages are more about familiarity and relationships than about deep structural moats. The strategic bet is that AI‑driven search, better personalization, and a smoother in‑house booking flow can revive growth and improve profitability. The main uncertainties are whether these innovations can truly differentiate trivago in a crowded market and whether they can do so fast enough to reverse the pattern of thin and inconsistent earnings.

NEWS

October 15, 2025 · 11:30 AM UTC

trivago N.V.'s Third Quarter 2025 Earnings Release Scheduled for November 4, 2025; Webcast Scheduled for November 5, 2025

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