Trivago (TRVG) has released an update.
Trivago, a global hotel search platform, reports a 9% decline in total revenue to €101.4 million in Q1 2024, attributed to softer bidding dynamics and performance marketing channel losses. Despite this, the company has seen growth in branded traffic volume following its AI-driven brand marketing campaigns. With an emphasis on quality traffic and conversions, Trivago anticipates advertiser reinvestment and aims for an Adjusted EBITDA close to breakeven for the full year.
For further insights into TRVG stock, check out TipRanks’ Stock Analysis page.