Trivago (TRVG) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.