Earnings Review and Free Research Report: trivago’s Revenue Jumped 17%
Research Desk Line-up: 58.com Post Earnings Coverage
LONDON, UK / ACCESSWIRE / November 21, 2017 /
Pro-Trader Daily has just published a free post-earnings coverage on trivago N.V. (NASDAQ: TRVG), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=TRVG, following the Company's disclosure of its financial results on October 25, 2017, for the third quarter of the fiscal year 2017. The travel technology Company topped earnings expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:
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Get more of our free earnings reports coverage from other constituents of the Internet Information Providers industry. Pro-TD has currently selected 58.com Inc. (NYSE: WUBA) for due-diligence and potential coverage as the Company reported on November 12, 2017, its unaudited financial results for Q3 2017 which ended on September 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on 58.com when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on TRVG; also brushing on WUBA. With the links below you can directly download the report of your stock of interest free of charge at:
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Earnings Reviewed
For the three months ended September 30, 2017, trivago's total revenues increased 17% to €287.86 million from €246.66 million in Q3 FY16, due to an increase in advertising spend and a higher brand awareness in most markets.
For the reported quarter, the Company's qualified referrals increased 20% to 214.2 million from 179.2 million in the third quarter of 2016. During Q3 FY17, the Company's revenue per qualified referral decreased 3% to €1.32 from €1.36 in Q3 FY16.
During Q3 FY17, trivago's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) was negative €7.1 million compared to positive €6.3 million in the same period of last year.
For the reported quarter, trivago's selling and marketing expenses increased 23% to €274.39 million from €223.89 million in Q3 FY16, due to higher advertising spend across all regions. During Q3 FY17, the Company's G&A expenses increased 25% to €12.08 million from €9.72 million in the comparable period of last year.
During Q3 FY17, trivago's operating loss was €14.30 million compared to an operating loss of €0.60 million in the corresponding period of last year.
For the reported quarter, trivago's net loss was €5.87 million compared to a net loss of €1.25 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) was negative €0.02, surpassing analysts' expectations of negative €0.04.
Segment Details
Americas - During Q3 FY17, trivago's Americas segment's referral revenues increased 12% to €107.9 million from €96.4 million in the same period of last year. For the reported quarter, the segment's qualified referrals increased 19% to 54.3 million from 45.5 million in the third quarter of last year. For the reported quarter, the segment's revenue per qualified referrals decreased 6% to €1.99 from €2.12 in Q3 FY16.
Developed Europe - During Q3 FY17, trivago's Developed Europe segment's referral revenues increased 6% to €121.0 million from €114.0 million in the comparable period of last year. For the reported quarter, the segment's qualified referrals increased 1% to 90.1 million from 89.0 million in the third quarter of last year. For the reported quarter, the segment's revenue per qualified referrals increased 5% to €1.34 from €1.28 in Q3 FY16.
Rest of World - During Q3 FY17, trivago's Rest of World segment's referral revenues increased 62% to €54.9 million from €33.9 million in the corresponding period of last year. For the reported quarter, the segment's qualified referrals increased 56% to 69.7 million from 44.6 million in the third quarter of last year. For the reported quarter, the segment's revenue per qualified referrals increased 4% to €0.79 from €0.76 in Q3 FY16.
Balance Sheet
As on September 30, 2017, trivago's cash and cash equivalents decreased 17.2% to €188.29 million from €227.30 million as on December 31, 2016.
For the reported quarter, the Company's net accounts receivable increased 35.2% to €49.57 million from €36.66 million in the fourth quarter of 2016. For the reported quarter, the Company's accounts payable increased 57% to €62.84 million from €39.97 million in Q4 FY16.
During FY17, the Company's YTD cash provided by operating activities was negative €18.43 million compared to positive €13.82 million in the same period of last year.
In August 2017, the Company acquired all material assets of tripl GmbH through a business combination. On September 07, 2017, the merger of trivago GmbH into and with trivago N.V. became effective.
Stock Performance
On Monday, November 20, 2017, trivago's stock closed the trading session at $7.17, dropping 2.85% from its previous closing price of $7.38. A total volume of 551.77 thousand shares were exchanged during the session. The stock currently has a market cap of $2.51 billion.
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