trivago misses on revs; raises profitability guidance for 2018
- Reports Q3 (Sep) earnings of 0.03 per share, topping S&P Capital IQ Consensus of 0.00; adj EBITDA was 26.6 mln vs adj EBITDA loss of 7.1 mln year ago; revenues fell 11.9% year/year to 253.7 mln vs the 261.6 mln S&P Capital IQ Consensus.
- Reflecting performance in the thirdquarter of 2018, co increased profitability guidance for 2018 - now expect Adjusted EBITDA for 2018 to be between nil and (10) million.
- "We were able to improve the quality of the traffic that we referred to our advertisers, particularly in Developed Europe and RoW, which was evident in the development of Revenue per Qualified Referral (RPQR) in those segments in the third quarter of 2018. We continued to experience lower levels of commercialization as our largest advertisers appeared to have increased their return on investment targets for their spend on our marketplace compared to the same period in 2017."
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