2023-05-02 16:21:26 ET
- Trivago press release ( NASDAQ: TRVG ): Q1 GAAP EPS of €0.03.
- Revenue of €111M (+9.3% Y/Y).
- Referral revenue of €109.3M (+11.1% Y/Y).
- Ended the quarter with approximately €257.1 million in cash, cash equivalents and restricted cash, an increase of €8.2 million from the year ended December 31, 2022.
- "We believe that after a strong 2022, monetization levels during the peak summer season in 2023 will be at lower levels than in 2022 but will follow a similar pattern to that in 2019." - shareholder letter.
- "While we expect our ROAS to be lower year-on-year, we nevertheless anticipate that our Adjusted EBITDA in the second quarter of 2023 will be similar to that in first quarter." - shareholder letter.
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Trivago reports Q1 results, expects return on ad spend for 2023 to be lower Y/Y