Trivago NV TRVG

Communication ServicesSoftware & IT ServicesGermany

Last close 3.64 USD on Nov 2, 2026, +25.5% year to date

Quant rating

Quant rating A Rank 21 of 152 in Communication Services

Growth C 104 of 152
Valuation B 39 of 152
Quality B 33 of 152
Revisions A 1 of 152
Momentum C 88 of 152

Wall Street consensus Hold (3.00)Average target 6.12 USD +68.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 257M
Enterprise value: 83M
52-week range: 2.59 – 6.80
3-year range: 1.62 – 6.80
Dividend yield: –
Beta (5 years): 0.86
Shares outstanding: 353M
Next earnings: Nov 3, 2026

About the company

Trivago NV is a Germany-based company that operates an online hotel search platform. The Company and its subsidiaries offer online meta-search for hotel and accommodation through online travel agencies (OTAs), hotel chains and independent hotels. The company is focused on focused on reshaping the way travelers search for and compare hotels while enabling hotel advertisers to grow their businesses by providing access to a broad audience of travelers through the Company's websites and apps. The platform allows travelers to make informed decisions by personalizing their hotel search and providing access to a deep supply of hotel information and prices. The company operates in three operating segments namely the Americas, Developed Europe and the Rest of the World. The Company offer marketing tools to help promote their listings on platform and drive traffic to their websites. The tools and services, including the subscription-based trivago Business Studio Pro Apps Package.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	645	477	535	573	411	–
Revenue growth	35.1%	−10.9%	−6.5%	39.3%	35.2%	16.2%
EPS (basic, normalized)	0.04	−0.07	−2.58	−1.93	0.17	–
EPS growth	–	–	–	–	–	–
Gross margin	97.3%	97.6%	97.5%	97.6%	96.8%	97.4%
Net margin	2.0%	−5.1%	−33.9%	−23.8%	3.0%	−11.6%
ROE	5.5%	−11.5%	−42.3%	−20.3%	1.6%	−13.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	177
Current ratio	1.65x
Long-term debt (mil)	0
Net debt (mil)	−177
Total equity (mil)	233
Net debt / equity	−0.76x
Net debt / EBITDA	−9.50x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	645	+35.1%	0.1x	18.7	+889.7%	4.5x	0.04	+148.8%	102.7x
2026	730	+13.3%	0.1x	34.3	+83.5%	2.4x	0.03	−20.0%	128.4x
2027	800	+9.6%	0.1x	51.2	+49.5%	1.6x	0.10	+235.9%	38.2x
2028	882	+10.3%	0.1x	80.6	+57.5%	1.0x	0.14	+45.1%	26.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	730	0.0%	+1.6%	+1.9%	0.03	0.0%	+25.0%	−41.2%
2027	800	0.0%	+1.8%	+3.1%	0.10	+21.4%	+100.0%	+47.8%
2028	882	0.0%	+1.0%	+4.7%	0.14	+8.8%	+48.0%	+17.5%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	101	119	146	94.8	124	139	166	120	143	168
Sales mean (mil)	106	119	154	92.6	112	137	166	107	144	162
Surprise	−4.0%	−0.6%	−5.3%	+2.4%	+10.9%	+1.4%	−0.5%	+12.6%	−0.7%	+4.1%
EPS reported	−0.10	−0.05	−0.20	0.01	−0.02	−0.10	0.03	0.04	−0.02	−0.05
EPS mean	−0.05	−0.05	0.01	0.00	−0.07	−0.07	0.04	0.03	−0.09	−0.02
Surprise	−104.7%	+1.1%	−1,638.5%	−449.7%	+72.1%	−43.9%	−21.1%	+26.3%	+77.8%	−199.9%

Peer comparison Software & IT Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
TRVG Trivago NV	257M	−9.50x	2.0%	1.12x	128.4x	38.2x	2.4x	1.6x
GOOGL Alphabet Inc.	3.42T	−0.67x	32.8%	5.06x	14.2x	18.7x	14.3x	10.8x
META Meta Platforms, Inc.	1.58T	0.01x	37.1%	5.69x	21.0x	18.0x	11.3x	8.8x
UBER Uber Technologies, Inc.	136.3B	0.96x	19.3%	4.98x	20.2x	14.7x	12.9x	10.6x
ABNB Airbnb, Inc.	100.9B	−2.23x	20.5%	13.41x	32.2x	27.3x	18.0x	15.8x
DASH Doordash, Inc.	82.9B	−1.17x	6.8%	7.73x	68.3x	41.4x	21.4x	16.5x
Mean		−2.10x	19.8%	6.33x	47.4x	26.4x	13.4x	10.7x
Median		−0.92x	19.9%	5.38x	26.6x	23.0x	13.6x	10.7x

Technical analysis

1M−22.2%
3M−31.1%
1Y+13.0%
3Y+48.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Trivago NV, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	645	477	535	573	411	304
Cost of revenue	17.7	11.7	13.2	13.6	13.1	12.4
Gross profit	627	465	522	559	398	292
Selling, general & administrative expenses	563	416	424	431	326	267
Research & development	56.6	48.7	50.7	54.5	54.3	73.7
Depreciation/amortization	5.8	3.3	3.6	4.6	5.8	6.1
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	0	31.2	216	198	0	254
Other operating expenses	0	0	0	0	0	0
Operating income	1.8	−33.3	−173	−129	11.4	−309
Net interest income (expense)	7.3	3.7	5.7	−0.1	−0.4	−0.3
Gain (loss) on sale of assets	0.2	–	–	–	–	–
Other non-operating income (expense)	0.1	0.4	−0.5	0.1	15.5	−0.3
Net income before taxes	9.4	−29.2	−168	−129	26.5	−309
Provision for taxes	−6.3	−6.5	13.7	7.0	14.3	−10.4
Minority interest	–	–	–	–	–	–
Equity in affiliates	−2.5	−1.8	−0.2	−0.4	0	−0.9
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	13.2	−24.5	−182	−136	12.2	−300
Extraordinary items	–	–	–	–	–	–
Net income	13.2	−24.5	−182	−136	12.2	−300
EBIT, normalized	2.5	−2.1	44.2	92.0	10.3	−54.3
EBITDA, normalized	9.5	1.8	49.2	98.6	19.8	−41.0
Basic EPS, normalized	0.04	−0.07	−2.58	−1.93	0.17	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Trivago NV, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	168	138	140	314	291	278
Receivables	76.1	51.5	54.6	54.2	49.7	27.4
Total inventory	–	–	–	–	–	–
Prepaid expenses	6.4	6.4	11.9	8.9	11.4	12.7
Other current assets	1.2	0.7	0.6	0.7	0.3	0.1
Total current assets	251	197	207	378	353	319
Property, plant & equipment	54.5	49.8	57.8	62.2	73.0	139
Goodwill	16.2	–	0	195	326	345
Intangibles	87.1	46.9	83.4	96.3	193	207
Long-term investments	5.7	13.6	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	6.0	4.0	10.1	9.0	3.7	5.4
Total assets	421	311	359	740	949	1,015
Liabilities
Accounts payable	40.1	25.5	19.8	21.3	16.0	8.2
Payable/accrued	–	–	–	–	–	–
Accrued expenses	20.0	23.1	16.3	16.8	24.9	30.7
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	–	–	–	–	–
Other current liabilities	53.2	2.7	3.6	15.0	7.4	3.5
Total current liabilities	113	51.4	39.7	53.1	48.3	42.4
Long-term debt	0	0	0	0	0	0
Minority interest	–	–	–	–	–	–
Other liabilities	57.1	55.3	81.7	85.9	112	161
Total liabilities	170	107	121	139	160	203
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	175	155	165	160	185	223
Additional paid-in capital	–	–	–	–	–	–
Retained earnings (accumulated deficit)	−67.5	−76.9	−62.4	331	464	440
Treasury stock	–	–	0	−21.4	–	–
Other equity	143	127	135	131	139	149
Total equity	251	205	237	601	789	812
Total liabilities & shareholders' equity	421	311	359	740	949	1,015

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Trivago NV, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	13.2	−24.5	−182	−136	12.2	−300
Depreciation, depletion & amortization	7.0	3.9	5.0	6.6	9.5	13.3
Deferred taxes	−3.9	−10.1	−3.9	−21.1	10.1	−10.1
Non-cash items	6.9	41.4	229	216	17.0	275
Changes in working capital	−14.1	10.3	−17.5	5.7	−11.8	31.4
Cash from operations	9.1	21.0	30.7	70.9	37.0	9.6
Investing activities
Capital expenditures	−5.3	−2.9	−3.9	−4.3	−4.3	−6.7
Other investing cash flows	−5.5	15.6	21.9	−54.5	15.7	−13.1
Cash from investing	−10.8	12.7	18.0	−58.8	11.4	−19.8
Financing activities
Financing cash flow items	−1.5	−0.8	−7.1	−0.1	−0.2	−0.3
Cash dividends paid	0	0	−203	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	0	0	0.4	−20.9	1.4	0.1
Cash from financing	−1.5	−0.8	−210	−21.0	1.2	−0.2
Foreign exchange effects	−0.3	0.2	−0.4	0.5	2.7	−1.6
Net change in cash	−3.5	33.0	−162	−8.3	52.2	−11.9
Free cash flow	3.8	18.1	26.8	66.7	32.7	2.9

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.