=trivago (TRVG) reported earnings on Wed 24 Oct 2018 (b/o)

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."

Earnings this week : Oct 22 - 26, 18 (wk 43)

With 17% of the S&P 500 having reported quarterly results, reported earnings are up 22%; 81% have beat on the bottom line but only 51% have traded higher in response.

This week marks the first of three very heavy weeks of earnings reports -- almost 1/3 of the S&P 500 will report quarterly results.

Monday (October 22):

• Pre-Market: HAL, HAS, IQV, KMB, LII, PII
• After-Hours: ACC AMTD BRO CDNS CR ELS HLX HMST HNI HSTM HXL IBTX LOGI MC NBTB RNST SFNC SLM SPN SSB ZION

Tuesday (October 23):

• Pre-Market: ABG ALKS ARCH ASTE  ATI AVY AXE BIIB  CAT CIT CNC DGX EDU FBC FCB FITB FNB GATX GLW GPK HBAN HOG HUBB JBLU LMT LPT MBFI MCD MMM NEE PCAR  PHM PNR PPBI RF SLCA SNV TRU UTX VZ WAT XRX
• After-Hours:  AGR AMP BXMT CB CHFC CNI COF CSGP CSL EQR EW FCF FMBI HA HIW IEX ILMN IRBT JNPR LRN MANH MKSI NAVI NBHC NDLS NTB NWE RHI ROIC RRC SEIC SIX STL TER TRMK TSS TXN UCBI UMBF USNA VAR VMI WRB ZIXI

Wednesday (October 24):

• Pre-Market: AB ALXN APH AVX BA BABY BCO BKU BOKF BPOP BSX CHKP CRS DTE EVR FCX FSV GD GRA HLT IR ITW LAD LH MHO MKTX NDAQ NOC NSC NYCB OC PB POL QSR RES ROL SCHN SCL SIRI SLAB SLGN SMPL STM T TDY THR TMO TNC TPH TRVG TUP TZOO UMC UPS
• After-Hours:  ABX AEM AFL AGNC AHL AKR ALGN ALGT AMD ANIK ARI ASGN AX AXS AZPN CCMP CLB CLGX CLS CMRE CTXS CURO  CUZ CVBF CVRR DLB DRE ECHO EFX EIG ELY EQC ETH F FARO FFIV FNF FR FTI FWRD GG GGG GHL ICLR KN KRA KRC LJPC LM LSTR LVS MEOH MLNX MSA MSFT MTH NEU NGD NGVT NOW OII ORLY PKG PLXS PS PTC RJF SAVE SITC SNBR SRPT SUI TILE TMK TRN TSLA UNM V VRTX WHR WPG WRI WSBC XLNX  (largest:  Ford Motor (F), Microsoft (MSFT), Visa (V), Advanced Micro (AMD) and Tesla (TSLA) )

Thursday (October 25):

• Pre-Market: AAL AAN ABB AEP AIMC ALK ALLE ALLY ARD ASPS AXTA BANC BC BEN BMS BMY BUD BWA CCE CELG CFR CFX CMC CMCSA CME CMS COLB COP COR COWN CPG CRI CRR CSTM CTS DLX DNKN EIGI EME ENTG EQM EQT FAF FBP FCFS FCN GLOP GPI GRUB GWB HEES HSY IMAX IP IRDM IRM KIM KKR LANC LAZ LDOS LEA LECO LKQ LUV MCK MCRN MMC MMYT MNRO MO MRK MTRN NEM NLSN NOK NRZ NVCR NVT OAK OCN ODFL ORI PAG PATK PDS PRLB PTEN PX RCL RS RTN SAH SCG SHOP SHW SILC SJR SPG SPGI SWK SXC TAL TECK THRM TROW TSCO TWTR  UBS UBSI UNP USG VC VLO VLP VLY WM WNS WSO WST WWE XEL
• After-Hours:  ACTG AJG AKS AMZN AQ ARLO AUY AVT BGG BMRN BOOM BOOT BVN BYD CA CBLK CENX CERN CINF CLD CMG COLM CPT CUBE CUBI CVA CXP CY DECK DFS DLR DORM ELLI EMN ENVA EXPE FBHS FE FHB FII FIX FLEX FSLR FTV GCAP GDI GILD GOOG HIG HLI HTA HTH HUBG INT INTC INVA ISBC JEF KEX LEG LMAT LOGM LPLA LSCC MAT MERC MHK MMSI MPWR MSTR NATI NOV NR NTGR OFC OMCL OSIS PFG PFPT POWI PRO PSMT REG RGA RMD RSG SAM SBCF SGEN SIGI SIVB SNAP SPSC SWN SYK TMST UHS VCRA VLRS VRSN VVI WDC WRE

Friday (October 26):

• Pre-Market:  ALV AON B CHTR CL COG COL FELE GBX GRC GT GVA LPNT MCO PFS POR PSX PSXP R ROP SBSI SMP TEN TOT  VRTS VTR WETF WY ZBH

=trivago (TRVG) reported earnings on Wed 25 Apr 2018 (b/o)

trivago misses by $0.04, reports revs in-line; tempers FY18 revenue outlook 

• Reports Q1 (Mar) loss of 0.06 per share, 0.04 worse than the Capital IQ Consensus of (0.02); revenues fell 3.1% year/year to 259.36 mln vs the 258.37 mln Capital IQ Consensus.
• Adjusted EBITDA was a loss of 21.9 million in the first quarter of 2018, compared to a positive Adjusted EBITDA of 19.3 million in the first quarter of 2017
• Outlook:
  • Expected Adjusted EBITDA for the full year 2018 to be between negative 50 million and negative 25 million
  • Total revenues are expected to return to a growth trajectory in the second half of 2018, leading to overall flat revenues in 2018 vs 2017 (previously guided for +5-10%)

= Trivago (TRVG) reported earnings on Wed 25 Oct 2017 (b/o)

trivago beats by $0.02, reports revs in-line

• Reports Q3 (Sep) loss of 0.02 per share, 0.02 better than the Capital IQ Consensus of (0.04); revenues rose 16.7% year/year to 287.9 mln vs the 286.07 mln Capital IQ Consensus.

=Trivago (TRVG) : issues profit warning

trivago lowers FY17 guidance due to Revenue per Qualified Referral (RPQR) impacts, FX and dificult comps

For the full fiscal year 2017, co now expects annual revenue growth to be around 40% (down from +50% vs. +51.5% consensus) and adjusted EBITDA to be lower than in 2016 but to remain positive (down from a slight increase Y/Y).

The changes to our full-year guidance are due primarily to the following two factors:

• Revenue per Qualified Referral (RPQR) related impacts:
  • The anticipated negative impact on RPQR that we discussed on our second quarter 2017 earnings call has been more significant than previously expected.
  • As a result of this impact, we have algorithmically pulled back our performance marketing activities more than previously anticipated, which has resulted in a further slowdown in traffic and revenue growth from those channels.
• Due to the speed with which the above RPQR slowdown unfolded we were unable to pull back planned television advertising spend quickly enough to prevent overspend. As a consequence, we will have lower Return on Adverting Spend (ROAS) in July and August and adjusted EBITDA margins in those months have been negatively impacted. Note that we do expect ROAS to stabilize over time with an adjustment of brand marketing expenses.
• In addition to the above two factors, the following factors are also impacting our performance:
  • Difficult revenue comps as results for summer period in 2016 were exceptionally strong as compared to 2015 and 2014, and  
  • Foreign exchange effects associated with recent weakness in the US dollar and other currencies versus the Euro.
• Although the above factors represent near term challenges, we remain unwavering in our belief in the medium to long-term potential of the business.
• As previously communicated, the company will participate in a question and answer session at the Citi Global Technology Conference in New York City today at 08:00 a.m. Eastern Time
• OTAs: EXPE owns 59.7% of EXPE; PCLN, TRIP

Trivago (TRVG) reported earnings on Mon 15 May 17 (b/o)

** charts before earnings **

  

** chart after earnings **

trivago reports EPS in-line, beats on revs :

• Reports Q1 (Mar) earnings of 0.02 per share, in-line with the Capital IQ Consensus of 0.02; revenues rose 67.9% year/year to 267.6 mln vs the 247.62 mln Capital IQ Consensus.
  • The number of Qualified Referrals increased by 60% period over period to 177.2 million in the first quarter of 2017, compared to 110.5 million in the first quarter of 2016
  • Revenue per Qualified Referral in the first quarter of 2017 increased by 4% period over period
  • Adjusted EBITDA was 19.3 million in the first quarter of 2017 compared to 7.7 million in the first quarter of 2016, reflecting an increase of 151% period over period.
  • At the end of the first quarter in 2017, over 280,000 hoteliers engaged through Hotel Manager directly with their platform, of which over 30,000 subscribed to Hotel Manager Pro. trivago receives a fee for Hotel Manager Pro subscriptions, driving the 143% growth in Other Revenue.
• Note: On April 27th, trivago increased full-year guidance after Expedia (EXPE) released first quarter results.  At the time, Axel Hefer, CFO, said: "With a strong focus on improving our hotel search product and market leading innovation, we look forward to reporting our financial results on May 15, 2017. Given our strong start to the year, we have increased our full-year guidance and now expect annual revenue growth to be around 50% in 2017 [current consensus is for sales +45.2%], with our adjusted EBITDA margin likely to be up slightly from 2016."

Trivago (TRVG) guides above estimates

  

Trivago NV (TRVG) raised its outlook for the year following the earnings release of majority shareholder Expedia (EXPE).  U.S. shares of Düsseldorf, Germany-based Trivago rose 3.8% to $15.80 after hours. "Given our strong start to the year, we have increased our full-year guidance and now expect annual revenue growth to be around 50% in 2017," said Trivago Chief Financial Officer Axel Hefer in a statement. Trivago reports quarterly results on May 15. Expedia shares slipped 2% after hours as the online travel company's earnings missed Wall Street estimates by a penny.

Trivago (TRVG) reported earnings on Fri 24 Feb 17 (b/o)

• Trivago reported its first earnings since splitting with Expedia in December.

** charts after earnings **

Though Trivago (TRVG) reported fourth-quarter 2016 results that were a hair below forecasts, the newly spun-out hotel booking site posted bullish numbers for the coming year that caused a short-lived rally on Friday.

Trivago broke even in the quarter, while Wall Street expected a profit of once cent per share. Revenues of EUR 169.2 million were EUR 400 million below forecasts. However, the company said it expects 2017 sales to grow 45 percent, which would expand the top line from nearly EUR 755 million around EUR 1.1 billion ($1.2 billion).

Even with Priceline (PCLN) , Alphabet's  (GOOGL) Google and others crowding the market, Trivago founder and CEO Rolf Schromgens said travel meta-search, in which companies scour travel sites for travel deals, is still a growing field.

Shares of Trivago, which compares deals on more than 200 web sites to find hotel bargains, gained more than 4% on Friday morning but closed down 1% at $12.85.

The report was Trivago's first since its split from Expedia (EXPE) through a $287 million IPO in December.

"The was not the idea of the spin to be more independent," Schromgens said. Expedia, which acquired a controlling stake in Trivago in 2013 for $632 million, remains an investor.


Expedia, which has a nearly $18 billion market cap and $8.8 billion in sales, grows through acquisitions such as the $3.9 billion purchase of HomeAway in November, in the weeks before the Trivago split. Other properties include digital travel agencies Orbitz and Travelocity and European hotel booking site Venere.com.

TripAdvisor (TRIP) is investing $200 million in its brand, according to forecasts from Cowen and Co.

Meanwhile, Priceline is buying metasearch company Momondo for $550 million.