Revenue Performance - Total revenue for Q2 2025 reached €139,268 thousand, a 17.5% increase from €118,557 thousand in Q2 2024[2] - Revenue from related parties was €55,355 thousand in Q2 2025, up from €47,524 thousand in Q2 2024, representing a 16.0% increase[2] - Referral revenue for the six months ended June 30, 2025, was €261.924 million, a 20.5% increase from €217.382 million in the same period of 2024[61][63] - Total advertising spend for the six months ended June 30, 2025, was €220.928 million, an increase of 22.9% from €179.608 million in the same period of 2024[61][63] - Advertising spend for the three months ended June 30, 2025, totaled €116.408 million, which is a 21.9% increase from €95.525 million in the same period of 2024[59][60] Losses and Financial Health - Operating loss for Q2 2025 was €8,042 thousand, slightly improved from a loss of €8,800 thousand in Q2 2024[2] - Net loss for the first half of 2025 was €14,297 thousand, compared to a net loss of €13,326 thousand in the same period of 2024[4] - The company reported a comprehensive loss of €6,863 thousand for Q2 2025, compared to a comprehensive loss of €4,940 thousand in Q2 2024[4] - The net loss for the three months ended June 30, 2025, was €6.502 million, compared to a net loss of €4.942 million in the same period of 2024, reflecting an increase in losses of 31.6%[59][60] - For the six months ended June 30, 2025, Trivago reported a net loss of €14,297 thousand, compared to a net loss of €13,326 thousand for the same period in 2024, representing an increase in losses of about 7.3%[6] Assets and Liabilities - Cash and cash equivalents decreased to €111,243 thousand as of June 30, 2025, down from €133,745 thousand at the end of 2024[5] - Total current assets increased to €194,311 thousand as of June 30, 2025, compared to €190,271 thousand at the end of 2024[5] - Total liabilities rose to €115,862 thousand as of June 30, 2025, up from €86,117 thousand at the end of 2024[5] - Total stockholders' equity decreased to €185,469 thousand as of June 30, 2025, down from €197,605 thousand at the end of 2024[5] - The total stockholders' equity decreased from €191,046 thousand as of April 1, 2025, to €185,469 thousand by June 30, 2025, reflecting a decline of about 2.9%[6] Share-Based Compensation - Share-based compensation expense for the three months ended June 30, 2025, was €1,653 thousand, up from €1,927 thousand in the previous year, showing a decrease of approximately 14.2%[6] - Total share-based compensation expense for the three months ended June 30, 2025 was €1.88 million, a decrease of 20.2% from €2.36 million in the same period in 2024[6]. - The company reported share-based compensation expenses of €1,880 thousand for the three months ended June 30, 2025, down from €2,357 thousand in the same period of 2024, indicating a decrease of 20.2%[8] Tax and Deferred Revenue - The effective tax rate for the three months ended June 30, 2025 was 16.0%, a significant decrease from 37.0% in the same period in 2024[35]. - The income tax benefit for the six months ended June 30, 2025 was €3.2 million, down from €5.3 million in the same period in 2024[36]. - The deferred revenue balance as of December 31, 2024, was €1.0 million, with €0.8 million recognized as revenue during the six months ended June 30, 2025[23] Foreign Exchange and Other Gains - The company experienced foreign exchange gains of €181 thousand for the three months ended June 30, 2025, compared to losses of €29 thousand in the same period of 2024, marking a significant turnaround[24] - Other comprehensive loss (net of tax) for the three months ended June 30, 2025, was €361 thousand, compared to a gain of €2 thousand in the same period of 2024[6] Capital Expenditures and Acquisitions - Capital expenditures, including internal-use software and website development, totaled €1,104 thousand for the three months ended June 30, 2025, compared to €806 thousand in the same period of 2024, reflecting a 37% increase[8] - The company completed the acquisition of Holisto for approximately €22.3 million (USD 25.5 million) on July 31, 2025, enhancing its AI-driven travel technology capabilities[65]

Company Announcement - trivago N.V. will release its financial results for Q2 2025 on August 5, 2025, after market close [1] - A webcast by trivago's management is scheduled for August 6, 2025, at 2:15 PM CEST / 8:15 AM EDT [1] Company Overview - trivago N.V. is a leading global hotel search and price comparison platform, recognized as one of the most prominent travel brands [3] - The company aims to assist travelers in finding the best accommodations and booking with confidence, saving time and money [3] - trivago provides access to over 5.0 million hotels and various types of accommodations in more than 190 countries [3]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Characteristics - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [3] Group 2: Trivago N.V. (TRVG) Analysis - Trivago N.V. (TRVG) has shown a four-week price change of 0.2%, indicating growing investor interest [4] - Over the past 12 weeks, TRVG's stock gained 1.2%, with a beta of 1.49, suggesting it moves 49% more than the market [5] - TRVG has a Momentum Score of B, indicating a favorable time to invest [6] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [7] - TRVG is trading at a Price-to-Sales ratio of 0.56, suggesting it is undervalued at 56 cents for each dollar of sales [7] Group 3: Investment Opportunities - TRVG appears to have significant potential for growth at a fast pace, alongside other stocks that meet the 'Fast-Paced Momentum at a Bargain' criteria [8] - There are over 45 Zacks Premium Screens available for investors to identify winning stock picks based on their investing style [9]

Core Viewpoint - The Zacks Internet-Services Industry is currently performing well, with Trivago (TRVG) and Upwork Software (UPWK) being highlighted as strong buy opportunities due to positive earnings estimate revisions and attractive stock prices [1][2]. Group 1: Trivago (TRVG) - Trivago is a hotel and accommodation search platform trading under $5 per share, making it an appealing penny stock [3]. - The company has made strategic moves, including acquiring a 30% stake in AI-driven hotel rate aggregator Holisto, which could position it as an attractive acquisition target for larger travel companies [4]. - Trivago's total sales are projected to increase by 18% in fiscal 2025 and by another 11% in fiscal 2026, reaching $655.77 million [4]. - The Zacks Consensus Estimate for Trivago's sales in fiscal 2025 is $590.98 million, with year-over-year growth estimates of 18.34% [5]. - Earnings per share (EPS) estimates for Trivago have increased, with expectations of $0.10 for this year and $0.20 for fiscal 2026 [6]. Group 2: Upwork (UPWK) - Upwork's stock has increased by 30% in the last month, currently trading around $16 per share, and has a forward earnings multiple of 14.4X, which is below industry and S&P 500 averages [7]. - The company has benefited from AI-powered solutions, significantly improving client engagement and leading to record quarterly revenue and net income [8]. - Upwork's EPS estimates for fiscal 2025 and fiscal 2026 have risen by 9% and 10% respectively, with projected earnings of $1.14 for fiscal 2025 and $1.33 for fiscal 2026 [9][10].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Trivago N.V. ADS (TRVG) - Trivago N.V. ADS currently holds a Momentum Style Score of B, indicating potential for strong performance based on price changes and earnings estimate revisions [3][12]. - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [4][12]. Performance Metrics - Over the past week, TRVG shares have increased by 42.86%, significantly outperforming the Zacks Internet - Services industry, which rose by only 0.08% [6]. - In a longer timeframe, TRVG's monthly price change is 35.1%, compared to the industry's 9.24% [6]. - Over the last quarter, TRVG shares have risen by 15.2%, and over the past year, they have surged by 114.6%, while the S&P 500 has seen declines of -5.75% and gains of only 10.63%, respectively [7]. Trading Volume - TRVG's average 20-day trading volume is 247,954 shares, which serves as a baseline for price-to-volume analysis; rising prices with above-average volume are typically bullish [8]. Earnings Outlook - In the last two months, one earnings estimate for TRVG has increased, while none have decreased, leading to a consensus estimate rise from $0.05 to $0.10 for the full year [10]. - For the next fiscal year, one estimate has moved upwards with no downward revisions, indicating positive sentiment [10].

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to limited upside or downside risks [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify these opportunities [3] Group 2: Trivago N.V. (TRVG) Analysis - Trivago N.V. (TRVG) has shown significant recent price momentum with a four-week price change of 35.1%, indicating growing investor interest [4] - Over the past 12 weeks, TRVG has gained 15.2%, and its beta of 1.49 suggests it moves 49% more than the market in either direction [5] - TRVG has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] - The stock has a Zacks Rank 1 (Strong Buy) due to upward trends in earnings estimate revisions, which attract more investors [7] - TRVG is trading at a Price-to-Sales ratio of 0.65, suggesting it is undervalued as investors pay only 65 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides TRVG, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Core Viewpoint - Trivago is set to discuss its Q1 2025 earnings, highlighting management's insights and expectations for the company's performance [1][2]. Company Overview - The call features key executives, including CEO Johannes Thomas and CFO Robin Harries, who will provide updates on the company's financial performance and strategic direction [2][5]. - The management's views are based on the latest information available as of April 30, 2025, with no obligation to update these insights in the future [2][3]. Financial Performance - Comparisons during the call will be made against the results from the same period in 2024, allowing for a year-over-year analysis of the company's performance [4].

Financial Data and Key Metrics Changes - The company reported a total revenue of €124.1 million for Q1 2025, representing a 22% year-over-year increase compared to Q1 2024 [12][13] - The adjusted EBITDA loss for Q1 2025 was €6.5 million, which was better than internal expectations [14][15] - Operational expenses increased by €20.7 million to €133.7 million, primarily due to a €21.4 million increase in selling and marketing expenses [15][16] - The company has €118.6 million in cash and cash equivalents and no long-term debt, maintaining a strong financial position [16] Business Line Data and Key Metrics Changes - Referral revenues grew by 44% in Rest of World, 19% in Developed Europe, and 18% in Americas, driven by increased branded channel traffic and improvements in booking conversion [14] - The company observed a stable return on advertising spend (ROAS) globally at 118.1%, with improvements in Developed Europe but reductions in the Americas and Rest of World [16] Market Data and Key Metrics Changes - Average Daily Rates (ADRs) were up in all three segments, with a slight increase in length of stay in Americas and Developed Europe, while Rest of World remained stable [22] - Click prices and Average Booking Values (ABBs) were slightly up globally in Q2, with positive trends in Developed Europe and Rest of World, but slightly negative in Americas [23] Company Strategy and Development Direction - The company is focused on three strategic priorities: brand marketing, enhancing the hotel search experience, and empowering partners [4][5][9] - Brand marketing investments are expected to scale further, with localized campaigns in Brazil and Japan showing promising results [5][54] - The acquisition of Hollisto is aimed at simplifying operations and enhancing conversion rates through the Book and Go product [28][32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the outlook for 2025, raising revenue growth guidance to mid-teens percentage and anticipating positive adjusted EBITDA in the latter half of the year [17][60] - The company is confident in its ability to navigate short-term volatility due to its diverse market presence and strong brand recognition [25][66] Other Important Information - The company announced a leadership change, with Robin Harries stepping down as CFO and Dr. Wolff Schmull taking over the role [74][75] Q&A Session Summary Question: Trends in the US versus other markets - Management noted strong double-digit growth across all regions, with slight differences in consumer behavior and traffic patterns [21][23] Question: Commentary on Hollisto acquisition - The acquisition is expected to enhance conversion rates and user experience, with the team successfully executing on strategic goals [28][30] Question: Risks and opportunities related to AI - Management discussed the potential of AI to enhance user experience while acknowledging the competitive landscape posed by AI hyperscalers [36][40] Question: Brand investments and their effects - Brand investments are yielding compounding benefits, positively impacting click-through rates and overall marketing efficiency [41][43] Question: Full year guidance and macroeconomic considerations - The company sees significant potential in scaling brand marketing investments and remains optimistic despite potential macroeconomic slowdowns [60][66]

Financial Data and Key Metrics Changes - The company reported a total revenue of €124.1 million for Q1 2025, representing a 22% year-over-year increase compared to Q1 2024 [12][13] - The adjusted EBITDA loss for Q1 2025 was €6.5 million, which was better than internal expectations [14][15] - Operational expenses increased by €20.7 million to €133.7 million, primarily due to a €21.4 million rise in selling and marketing expenses [15][16] - The company has €118.6 million in cash and cash equivalents and no long-term debt, maintaining a strong financial position [16] Business Line Data and Key Metrics Changes - Referral revenues grew by 44% in the Rest of World segment, 19% in Developed Europe, and 18% in the Americas [14] - The company observed a stable return on advertising spend (ROAS) globally at 118.1%, with improvements in Developed Europe [16] Market Data and Key Metrics Changes - The average daily rates (ADRs) were up in all three segments, with a slight increase in length of stay in the Americas and Developed Europe [22] - Click prices and average booking behavior (ABB) were slightly up globally in Q2, with stable length of stay [22] Company Strategy and Development Direction - The company is focused on brand marketing to enhance its globally recognized brand and is committed to increasing the efficiency of brand investments [5][6] - Enhancements to the core hotel search experience are being prioritized, including AI-powered features and improved user experience [8][9] - The company aims to empower partners through improved marketplace dynamics and strategic partnerships, such as with Hollisto [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, raising full-year revenue growth guidance to mid-teens percentage and anticipating positive adjusted EBITDA [17][18] - The company believes there is significant potential to scale brand marketing investments, which will positively impact overall revenues [18][60] Other Important Information - The company announced the acquisition of the remaining 70% of Hollisto, which is expected to enhance conversion rates and user experience [28][32] - A new CFO, Dr. Wolff Schmull, has been appointed, succeeding Robin Harries [74][75] Q&A Session Summary Question: Trends in the U.S. versus other markets - Management noted strong double-digit growth in all regions, with slight differences in traffic from Canada and Mexico to the U.S. [21][25] Question: Commentary on Hollisto acquisition - The acquisition is expected to simplify operations and enhance conversion rates, with the team performing well on strategic objectives [30][32] Question: Risks and opportunities related to AI - Management discussed the potential of AI to support travel research but emphasized the importance of user experience in hotel selection [37][40] Question: Brand investments and their effects - Brand investments have shown compounding benefits, positively impacting click-through rates in non-branded channels [41][43] Question: Hotel search performance and AI highlights - The company is expanding AI-generated hotel highlights and testing different models to enhance user experience [46][48] Question: Performance of localized marketing campaigns - The localized campaign in Japan has been successful in increasing brand awareness, with positive incremental ROAS observed [54][56] Question: Full-year guidance and macroeconomic considerations - The company sees potential in scaling brand marketing investments and remains optimistic despite potential macroeconomic slowdowns [60][66]

Financial Data and Key Metrics Changes - Trivago reported a total revenue of €124.1 million for Q1 2025, representing a 22% year-over-year increase compared to Q1 2024 [12][13] - The company experienced a net loss of €7.8 million and an adjusted EBITDA loss of €6.5 million, which was better than internal expectations [14][15] - Operational expenses increased by €20.7 million to €133.7 million, primarily due to a €21.4 million increase in selling and marketing expenses [15][16] - Cash and cash equivalents stood at €118.6 million with no long-term debt, indicating a strong financial position [16] Business Line Data and Key Metrics Changes - Referral revenues grew by 44% in the Rest of World segment, 19% in Developed Europe, and 18% in the Americas, driven by increased branded channel traffic and booking conversion improvements [14][15] - The company observed a stable Return on Advertising Spend (ROAS) globally at 118.1%, with notable improvements in Developed Europe [16] Market Data and Key Metrics Changes - Average Daily Rates (ADRs) were up across all segments, with a slight increase in length of stay in the Americas and Developed Europe, while remaining stable in the Rest of the World [22][23] - Search interest showed strong demand across all segments in Q1, with geo shifts noted but overall healthy global demand [24] Company Strategy and Development Direction - Trivago's strategic priorities include brand marketing, enhancing the hotel search experience, and empowering partners [5][8] - The company is focused on scaling brand marketing investments, particularly in the U.S., Brazil, and Japan, to drive revenue growth [4][12] - Investments in AI and machine learning are expected to transform the hotel search experience and improve user engagement [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the outlook for 2025, raising full-year revenue growth guidance to mid-teens percentage and anticipating positive adjusted EBITDA in the latter half of the year [4][16] - The company is confident in its ability to navigate potential macroeconomic slowdowns due to its focus on cost-conscious consumers [67] Other Important Information - The acquisition of Hollisto was completed, which is expected to enhance conversion rates and user experience on the platform [27][31] - A leadership change was announced, with the departure of CFO Robin Harris and the appointment of Dr. Wolff Schmull as the new CFO [75][76] Q&A Session Summary Question: Trends in U.S. vs. Other Markets - Management noted strong double-digit growth in all regions, with slight differences in consumer behavior and traffic patterns [21][22] Question: Commentary on Hollisto Acquisition - The acquisition aims to simplify operations and enhance conversion rates through the integration of Hollisto's offerings [27][31] Question: AI Risks and Opportunities - Management discussed the potential of AI to enhance user experience while acknowledging the competitive landscape posed by AI hyperscalers [35][39] Question: Brand Investment Impact - There is a compounding effect from brand investments that positively influences non-branded channels, leading to improved click-through rates [40][42] Question: Hotel Search Performance and AI Highlights - Initial learnings from AI-generated hotel highlights indicate a focus on unique features to enhance user engagement and conversion rates [45][46] Question: Full Year Guidance Upside - The guidance was increased due to strong Q1 performance and the potential for scaling brand marketing investments across all segments [59][63]