Trivago Q3 hit by less favorable market conditions
The quarter was impacted by foreign exchange challenges, less favorable market conditions and higher levels of competition in performance marketing channels
The Germany-based hotel metasearch made an operating loss of €184 million, more than double its loss of €73 million in Q3 of 2022, and its net loss increased to €183 million compared with €67 million year over year. Adjusted EBITDA for Trivago came in at €16 million, down from €34 million in Q3 2022.
Key takeaways
- The company reported a €26 million decrease to total revenue of €158 million for the quarter versus the same period in 2022.
- Referral revenue for the company dipped to €156 million versus €181 million year over year while return on advertising spend was 134% versus 148% year over year;
- Sales and marketing costs for Trivago in Q3 decreased to €122 million compared with €129 million year over year.
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