trivago N.V. (TRVG) PT Lowered to $5.50 at Susquehanna
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trivago reports Q1 2018 results: Increase in qualified referrals leads to broadly stable revenues
April 25, 2018 6:59 AM EDTFinancial Highlights
In the first quarter of 2018, Qualified Referrals increased by 7% to 189.5 million, compared to 177.2 million in the first quarter of 2017. Americas and Rest of World continued to drive qualified referral growth in the first quarter of 2018, increasing to 59.9 million and 59.5 million, respectively. Qualified Referrals in Developed Europe decreased to 70.1 million Total revenue in the first quarter of 2018 was broadly stable at 259.4 million, showing a slight decline of 3% year-over-year, compared to 267.6 million in a strong first quarter of 2017. This was due to a decline in commercialization and significant headwinds from foreign exchange effects... More