Trivago Q2 Earnings: Net Loss Rises, Revenue Up 17.5% Y/Y, Adjusted EBITDA Loss Improves

Trivago reported Q2 net loss of €6.5 million, with an adjusted EBITDA loss of €5.1 million. Revenue increased 17.5% YoY to €139.3 million. The company expects double-digit revenue growth for Q3 and aims to achieve positive adjusted EBITDA for the full year 2025, similar to 2024.

Trivago, a leading hotel metasearch platform, has reported its second-quarter (Q2) 2025 financial results. The company experienced a 17.5% year-over-year (YoY) increase in revenue, reaching €139.3 million [1]. Despite a net loss of €6.5 million, adjusted EBITDA improved to €5.1 million. Trivago attributed this growth to strong referral revenue and strategic initiatives.

Referral revenue, a key driver for growth, saw double-digit YoY growth, with notable increases in the Americas (10%), developed Europe (20%), and the rest of the world (32%) [1]. This growth was further bolstered by a 20% increase in referral revenue from logged-in users, highlighting the company's progress in fostering user loyalty and engagement [1].

Trivago's CEO, Johannes Thomas, emphasized the success of strategic initiatives, brand marketing investments, and product improvements in driving user conversion and organizational excellence [1]. The company also reported a 22% YoY increase in total advertising spend, with €20.9 million added to the previous year's total [1]. This increase was attributed to brand investments aimed at boosting direct traffic to the platform.

Looking ahead, Trivago expects double-digit revenue growth for the third quarter (Q3) 2025, marking three consecutive quarters of double-digit growth [2]. The company aims to achieve positive adjusted EBITDA for the full year 2025, similar to 2024 [2].

In addition to financial results, Trivago completed the acquisition of Holisto, an artificial intelligence-powered hotel rate aggregator and white-label booking engine provider, for €22.3 million ($25.5 million) [1]. The acquisition is intended to enhance the user experience by expanding Trivago's Book & Go feature, which allows users to book hotel rooms directly through the platform.

References:
[1] https://www.phocuswire.com/trivago-q2-2025-results
[2] https://seekingalpha.com/news/4479512-trivago-reports-q2-results-initiates-q3-and-reaffirms-fy-outlook