trivago N.V. (TRVG)

Price$6.69Cached quoteAs of 2026-09-18 07:27 UTC

AI: Fair-priced

Price checkThe shares look roughly fair because turnaround gains are already reflected in the valuation.

Using about 70.6 million listed-share equivalents, today's quote implies an equity value near $425 million. At the prior close, StockAnalysis estimated enterprise value—the operating business value after cash and debt—at $314.7 million. It also showed about 38 times trailing earnings and roughly 10 times free cash flow, meaning cash left after running and investing in the business. Today's lower quote trims those multiples slightly. Management targets around €30 million of adjusted EBITDA, a profit measure that excludes interest, taxes, depreciation, amortization and certain other costs, in 2026. First-half losses remain. StockAnalysis.com+2ChartExchange+2

Big pictureRevenue and profit have recovered, but cash generation is still uneven and strongly seasonal.

Revenue rose from €460.8 million in 2024 to €548.9 million in 2025, while net income swung from a €23.7 million loss to an €11.2 million profit. Yet operating cash flow, cash produced by day-to-day operations, fell from €20.3 million to €7.7 million. First-half 2026 operating cash flow improved to €15.5 million, but much of it came from timing effects in payables and traveler advances. Travel seasonality and weaker Rest of World demand can still make quarter-to-quarter cash results jumpy. Pasted text SEC+1

Business strengthThe core hotel-search engine is improving, while a large liquid balance sheet limits financial downside.

Second-quarter revenue grew 21%, marking a sixth straight quarter of double-digit growth. Return on advertising spend reached 121.8%, roughly €1.22 of referral revenue for each advertising euro, while conversion improved 64% from the second quarter of 2023. The June balance sheet held about €155 million of cash and short-term investments against no material financial debt beyond leases. Still, selling and marketing consumed €138.3 million of €168.4 million quarterly revenue, and Expedia retains 59.2% economic ownership and 83.9% voting control. SEC+2SEC+2

What could change the storyHigher sustained margins would create upside; stalled cash conversion or dilution would quickly weaken the case.

The bull case is execution: management raised 2026 adjusted EBITDA guidance to about €30 million and still targets a 10% adjusted EBITDA margin by 2028. If those gains become real cash, today's enterprise value could prove low. The bear case is that 2025 operating income was only €1.5 million and first-half 2026 still lost €12.4 million. Buybacks help, but only $3.5 million had been spent by July 31 while listed-share equivalents were up 2.08% year over year. Any Google-lawsuit recovery is excluded from base value. StockAnalysis.com+3SEC+3SEC+3

AI: News

Q2 guidance raisedQ2 growth accelerated and management raised full-year profit guidance, strengthening the turnaround case despite a mixed share reaction.

On August 4, trivago reported second-quarter revenue of €168.4 million, up 21% year over year, and adjusted EBITDA of €1.1 million versus a €5.0 million loss a year earlier. Management raised 2026 revenue guidance to mid-teens growth and adjusted EBITDA guidance to around €30 million. The shares fell 2.45% the next session, then rose 5.98% on August 6. That mixed timing does not establish that earnings alone drove either move. SEC+1

German trading restoredGerman trading access returned, modestly widening investor availability without changing trivago’s underlying cash generation.

Trading in trivago ADRs resumed on German stock exchanges on June 26 after a suspension dating to November 2023, while Nasdaq remained the main listing venue. The shares rose 7.06% on June 26, fell 1.51% on the June 29 announcement date, and gained 4.59% on June 30. Because the price moves straddle the restoration and broader trading, causation is uncertain. The direct business effect is mainly liquidity and access, not revenue or profit. Trivago NV+1

Q1, buyback and lawsuitStronger Q1 results, a buyback authorization, and a Google claim arrived together as major positive catalysts.

On May 5, trivago reported 15% first-quarter revenue growth, raised 2026 adjusted EBITDA guidance to around €25 million, and authorized a share-buyback program of up to €20 million. The same day it filed an antitrust damages claim against Google in Germany covering alleged harm from 2014 through 2025. Shares rose 10.76% on May 6 and 12.23% on May 7. Because three material announcements landed together, the market reaction cannot be reliably assigned to any one catalyst. SEC+2SEC+2

Loading local price history

Revenue

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Net income

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Free cash flow

2022

2023

2024

2025

Total cash / debt

CashTotal debt

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Financial statements

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	€548.9M	€460.8M	€485.0M	€535.0M	€361.5M	€181.5M	€554.0M	€583.4M	€667.8M	€485.9M	€493.1M	€309.3M
Gross profit	€533.8M	€449.6M	€473.1M	€522.3M	€350.0M	€171.4M	€544.9M	€578.0M	€661.9M	€481.7M	€490.1M	€307.9M
Gross margin	97.25%	97.56%	97.53%	97.63%	96.82%	94.42%	98.35%	99.07%	99.11%	99.12%	99.40%	99.53%
Operating expenses	€532.3M	€481.7M	€629.6M	€642.6M	€339.9M	€424.0M	€506.7M	€597.1M	€682.2M	€526.1M	€538.0M	€338.2M
Operating income	€1.5M	−€32.2M	−€156.6M	−€120.3M	€10.1M	−€252.7M	€38.2M	−€19.2M	−€20.4M	−€44.4M	−€47.9M	−€30.3M
Operating margin	0.28%	−6.98%	−32.28%	−22.48%	2.78%	−139.21%	6.89%	−3.29%	−3.05%	−9.15%	−9.71%	−9.79%
EBITDA	€7.5M	−€28.4M	−€152.0M	−€114.1M	€18.4M	−€241.8M	€50.1M	−€6.1M	−€9.3M	−€25.5M	−€15.2M	€1.1M
EBITDA margin	1.36%	−6.16%	−31.34%	−21.33%	5.09%	−133.23%	9.05%	−1.05%	−1.40%	−5.25%	−3.08%	0.37%
Net income	€11.2M	−€23.7M	−€164.5M	−€127.2M	€10.7M	−€245.4M	€17.2M	−€21.5M	−€12.5M	−€50.7M	−€39.1M	−€23.1M
Net profit margin	2.04%	−5.14%	−33.91%	−23.78%	2.96%	−135.20%	3.10%	−3.68%	−1.87%	−10.43%	−7.94%	−7.47%
Basic EPSper basic share	€0.03	-€0.07	-€0.48	-€0.36	€0.03	-€0.69	€0.05	-€0.06	-€0.05	€0.00	—	—
Diluted EPSper diluted share	€0.03	-€0.07	-€0.48	-€0.36	€0.03	-€0.69	€0.05	-€0.06	-€0.05	€0.00	—	—

Review official source filings ↗

Owners

Reported shareholders

Reference date Jun 30, 2026

Reported holdings Number of shares

View holders

Top 20 reported holders of TRVG
Holder	Shares held
PAR CAPITAL MANAGEMENT INC	4.29M
ACADIAN ASSET MANAGEMENT LLC	730.91K
First Eagle Investment Management, LLC	566.89K
Granahan Investment Management, LLC	362.51K
MORGAN STANLEY	295.7K
Compagnie Lombard Odier SCmA	169.54K
CITADEL ADVISORS LLC	124.95K
BNP PARIBAS FINANCIAL MARKETS	95.75K
JANE STREET GROUP, LLC	93.18K
HARBOR CAPITAL ADVISORS, INC.	77.97K
SEI INVESTMENTS CO	53.71K
GSA CAPITAL PARTNERS LLP	36.73K
SUSQUEHANNA INTERNATIONAL GROUP, LLP	29.39K
Centiva Capital, LP	14.38K
Axxion S.A.	11.82K
LODESTAR PRIVATE ASSET MANAGEMENT LLC	10.66K
NEW YORK STATE COMMON RETIREMENT FUND	10.32K
XTX Topco Ltd	10.02K
RHUMBLINE ADVISERS	7.15K
State of Tennessee, Department of Treasury	5.99K

Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.

Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data

Insider buys & sells

Jul 1, 2024–Jun 30, 2026

Buys0$0.00 disclosed value

Sells (SEC code S)2$84.6K disclosed value

Transaction	Insider	Type	Shares	Price	Value	Owned after
Jun 1, 2026Form 4	Hansen MathiasGeneral Counsel	SellAmerican Depositary Shares	15.0K	$3.39	$50.9K	4.9K
May 12, 2026Form 4	Hansen MathiasGeneral Counsel	SellAmerican Depositary Shares	11.0K	$3.07	$33.8K	14.4K

Review ownership filings at SEC.gov ↗

Community posts

View community

It’s quiet here.

No posts about TRVG yet. Start the conversation.

Write the first post

trivago N.V. (TRVG)

Financial charts

Financial statements

Owners

Insider buys & sells

Community posts

It’s quiet here.