trivago: loss widens as revenue falls; shares off
(CercleFinance.com) - trivago's second-quarter loss widened as the German hotel search platform saw revenue fall during what it called a "challenging" quarter.
The New York-listed shares fell over 6% in pre-market trading as trivago also issued pessimistic guidance for the full-year.
For 2018, the company expects adjusted EBITDA to be between negative 15 million euros and negative 30 million euros, with revenue expected to decline.
In the second quarter, adjusted EBITDA was a loss of 17.7 million euros, compared to a positive adjusted EBITDA of 3.2 million euros in the second quarter of 2017, on revenue that fell 21% to 235 million euros.
trivago - which is now focusing on streamlining its marketing approach to drive traffic - said it is now well positioned to deliver improved financial results "in the second half of this year."
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The New York-listed shares fell over 6% in pre-market trading as trivago also issued pessimistic guidance for the full-year.
For 2018, the company expects adjusted EBITDA to be between negative 15 million euros and negative 30 million euros, with revenue expected to decline.
In the second quarter, adjusted EBITDA was a loss of 17.7 million euros, compared to a positive adjusted EBITDA of 3.2 million euros in the second quarter of 2017, on revenue that fell 21% to 235 million euros.
trivago - which is now focusing on streamlining its marketing approach to drive traffic - said it is now well positioned to deliver improved financial results "in the second half of this year."
Copyright (c) 2018 CercleFinance.com. All rights reserved.