Technology

Trivago posts profits in first six months of 2017

Posted by Ben Irelandon
Trivago posts profits in first six months of 2017

Hotel search platform trivago has reported a profit of €4.3 million in the first six months of 2017, a period in which it lost €50 million last year.

The results were driven by a 67% rise in revenue year-over-year for the half year ending June 30 with revenues of €565.9 million reported on the NASDAQ today.

The Expedia-owned firm put the growth down to increased advertising spend.

Referral revenue rose 72%, 44% and 134% year-over-year in Americas, Developed Europe and RoW, respectively. Trivago says the growth in the rest of the world was mainly driven by increased marketing activities in Japan, India and Russia.

More than 310,000 hoteliers used the Hotel Manager platform and upwards of 33,000 subscribed to Hotel Manager Pro, for which trivago receives a fee. That contributed to the company’s 104% growth in ‘other revenue’ in the first six months of 2017 against 2016.

Its adjusted EBITDA increased to €22.5 million in the first half of 2017, up 125% year-over-year.

Trivago’s chief financial officer Axel Hefer said: “Our focus is on growth and long-term value creation when managing our business”.

Düsseldorf-based trivago was acquired by Expedia in 2013.

Comments

This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travolution.
By posting your comments you agree to accept our Terms & Conditions.