trivago: narrows loss thanks to revenue growth.
(CercleFinance.com) - German-based hotel search platform trivago reported a smaller quarterly loss for the second-quarter, thanks to a 67% increase in revenue.
The group, which is headquartered in Düsseldorf, announced that its net loss fell to 3.4 million euros in the April to June period, from a net loss of 49.9 million dollars in the second quarter of 2016.
Over the six months to end-June, the company even generated a net income of 4.3 million euros, compared to net loss of 50 million for the same period in 2016.
With advertising spending increasing, second-quarter revenue rose to 298.3 million euros, while qualified referral revenue - i.e. commissions from hotels listed on its web sites - rose sharply (+67%) in Americas.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The group, which is headquartered in Düsseldorf, announced that its net loss fell to 3.4 million euros in the April to June period, from a net loss of 49.9 million dollars in the second quarter of 2016.
Over the six months to end-June, the company even generated a net income of 4.3 million euros, compared to net loss of 50 million for the same period in 2016.
With advertising spending increasing, second-quarter revenue rose to 298.3 million euros, while qualified referral revenue - i.e. commissions from hotels listed on its web sites - rose sharply (+67%) in Americas.
Copyright (c) 2017 CercleFinance.com. All rights reserved.