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trivago
trivago (TRVG) investor relations material
trivago Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary5 Aug, 2026
Executive summary
Achieved sixth consecutive quarter of double-digit year-over-year revenue growth, with Q2 2026 revenue up 21% to €168.4 million and positive Adjusted EBITDA for the first time in a second quarter since 2023.
Strong double-digit referral revenue growth in Americas and Developed Europe, partially offset by FX headwinds and Middle East pressures.
Branded channel traffic and conversion rates improved significantly, with conversion up 64% since Q2 2023.
CRM revenue more than doubled year-over-year, with logged-in members generating over 30% of referral revenue.
Raised full-year 2026 guidance to mid-teens percentage revenue growth and Adjusted EBITDA of around €30 million.
Financial highlights
Q2 2026 total revenue reached €168.4 million, up 21% year-over-year; H1 2026 total revenue: €311.3 million, up 18%.
Q2 2026 Adjusted EBITDA: €1.1 million (0.7% of total revenue), compared to a loss of €5.0 million in Q2 2025.
Net loss improved to €3.4 million in Q2 2026 from €5.2 million in Q2 2025.
Operational expenses rose, mainly from increased marketing investments.
Cash and cash equivalents stood at €114.5 million as of June 30, 2026, with no long-term debt.
Outlook and guidance
Full-year 2026 guidance increased to mid-teens percentage revenue growth and Adjusted EBITDA of around €30 million.
Targeting a 10% Adjusted EBITDA margin by 2028.
Management expects continued profitability momentum in H2 2026, despite macroeconomic and geopolitical uncertainties.
Strategy for reducing advertiser concentration
CRM's impact on structural margins
Nova Vista's role in AI-native search strategy
Strategy for 10% Adjusted EBITDA margin by 2028
Middle East conflict impact on ROW Referral Revenue
Impact of trivago DEALS on other revenue growth
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Latest events from trivago
- 15% revenue growth, higher profitability, and a €20M buyback highlight Q1 2026.TRVG
Q1 2026 - Q4 2025 revenue rose 27% with record profitability; double-digit growth targeted for 2026.TRVGQ4 2025
- Registration statement effectiveness delayed pending further amendment.TRVGRegistration Filing
- Plans to offer up to $500M in securities, with a dual-class share structure and NASDAQ listing.TRVGRegistration Filing
- Q3 2024 revenue fell 7% year-over-year, but branded channel traffic saw double-digit growth.TRVGQ3 2024
- Q2 2024 revenue fell 5% to €118.6M, but branded growth and investments support H2 recovery.TRVGQ2 2024
- Q4 revenue growth, AI-driven innovation, and brand investment drive a strong outlook.TRVGStatus Update
- Q1 2025 revenue rose 22% year-over-year, driving raised guidance and improved profitability.TRVGQ1 2025
- Q4 2024 saw a return to growth and profitability, driven by brand marketing and AI.TRVGQ4 2024
Next trivago earnings date
Q3 20263 Nov, 2026
trivago
Next trivago earnings date
Q3 20263 Nov, 2026
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