Trivago (TRVG) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 10:09 AM CDT 28 min read

Image source: The Motley Fool.

DATE

Wednesday, May 6, 2026 astatine 8:15 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Johannes Thomas

• Chief Financial Officer — Wolf Schmuhl

Full Conference Call Transcript

Johannes Thomas: Good morning, and convey you for joining our Q1 2026 net call. We are disconnected to a beardown commencement to 2026, delivering 15% year-over-year full gross maturation and our 5th consecutive 4th of double-digit growth, portion improving profitability against our anterior year. Americas grew 17% and Developed Europe, 14% successful referral revenue, some substantially exceeding our expectations. This show came contempt tangible FX headwinds and geopolitical pressures successful parts of our Rest of the World segment. The results bespeak our balanced attack to maturation and profitability with outgo subject and the compounding effects of anterior marque investments translating into tangible outcomes.

Branded postulation gross erstwhile again outpaced full gross maturation this quarter, demonstrating that our semipermanent marque strategy continues to compound. Our merchandise is converting amended with conversion complaint up 58% since Q1 2023. Before intercompany eliminations, our logged-in subordinate basal present drives much than 30% of referral revenue. Trivago Book & Go's relevance has accrued importantly compared to erstwhile year. This is what optimizing momentum and pushing frontiers, our taxable for 2026 looks similar successful practice. We proceed to turn astatine a steadfast gait successful markets we person built up since mid-2023 portion expanding profitability done the compounding effects of the investments we person already made.

While we are facing challenging year-over-year comparables crossed the archetypal fractional of 2026, Q1 amazed america positively and Q2 has had a promising start. On the backmost of our beardown Q1 show and the momentum we are carrying into the remainder of the year, we are reaffirming our afloat twelvemonth gross outlook of double-digit percent maturation and raising our profitability guidance. We present expect adjusted EBITDA of astir EUR 25 cardinal for 2026, up from anterior guidance of astatine slightest EUR 20 million. We are besides announcing a planned stock buyback programme up to EUR 20 million, reflecting our assurance successful trivago's semipermanent worth instauration potential. Wolf volition screen the rationale and much discourse connected this.

Before walking you done our strategical priorities, I privation to code 1 further announcement. Yesterday, we filed an antitrust damages assertion against Google earlier the Regional Court of Hamburg successful Germany, seeking compensation for damages trivago has suffered arsenic a effect of Google's self-preferencing successful wide hunt results. For much than a decade, we person raised concerns that Google has systematically steered travelers distant from competing edifice metasearch platforms and towards its ain service. We judge the assertion rests connected a beardown ineligible foundation.