Q2 2024 Trivago NV Earnings Call Transcript
Key Points
- Fourth consecutive quarter with improved top line trajectory.
- Positive branded revenue growth in all three segments.
- Successful brand marketing campaigns with over 100 tailored TV spots produced using AI.
- Expanded AI-powered hotel highlights to mobile and app platforms, improving user experience.
- Completion of global rollout of second price auction model, enhancing marketplace dynamics.
- Total revenues declined by 5% compared to the prior year's second quarter.
- Significant negative impact from Google's ad format changes, particularly in Developed Europe.
- Increased operating expenses by EUR11.5 million, primarily due to higher selling and marketing expenses.
- Net loss of EUR4.9 million and an adjusted EBITDA loss of EUR5.4 million during the second quarter.
- Continued negative revenue declines in performance marketing channels across all three segments.
Good day, ladies and gentlemen, and welcome to the Trivago Q2 earnings call 2024. (Operator Instructions) I must advise you the call is being recorded today, Wednesday, July 31, 2024.
We are pleased to be joined on the call today by Johannes Thomas, Trivago's CEO and Managing Director; and Robin Harries, Trivago's CFO and Managing Director. The following discussion, including responses to your question reflects management views as of today, Wednesday, July 31, 2024, only.
Trivago does not undertake any obligation to update or revise this information. As always, some of the statements made on today's call are forward-looking, typically preceded by words such as we expect, we believe, we anticipate or similar statements. Please refer to the Q2 2024 operating and financial review and trivago's other filings with the SEC for information about factors which could cause trivago's actual results to differ materially from these forward-looking statements.
You will find reconciliations of non-GAAP measures to the most comparable GAAP measures today in trivago's operating and financial
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