Trivago stock climbs 21% on strong earnings as travel demand continues to recover – Seeking Alpha
Trivago (NASDAQ:TRVG) stock climbed ~21% on Wednesday after the hotel search engine operator reported strong Q3 results amid continued rebound in travel demand.
The company reported Q3 adj. EBITDA of 33.47M, its highest ever quarterly number, driven by continued cost discipline, increased marketing efficiency and recovering travel demand.
Revenue grew 32.5% Y/Y to 183.7M. Referral revenue increased 56.3%, 11.8% and 65.2% in Americas, Developed Europe and RoW, respectively, helped by higher revenue per qualified referrals (RPQR) across all segments.
Other revenue increased 27.1%, led by increased revenue from B2B solutions.
After annual goodwill and indefinite-lived intangible asset impairment analysis as of Sept. 30, Trivago (TRVG) recorded an impairment charge of 100.4M due to deteriorating macroeconomic conditions, including rising interest rates and high inflation. This charge led to Q3 net loss of 67.1M vs. net income of 5.5M in Q3 2021.
For Q4 and 2023, Trivago (TRVG) expects…
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source: https://news.oneseocompany.com/2022/11/02/trivago-stock-climbs-21-on-strong-earnings-as-travel-demand-continues-to-recover-seeking-alpha_2022110234978.html
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