trivago N.V. confirms its full-year guidance after Expedia releases second quarter results

trivago N.V. / trivago N.V. confirms its full-year guidance after Expedia releases second quarter results . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Düsseldorf, Germany - July 27, 2017 - trivago N.V. (NASDAQ: TRVG), a leading global hotel search platform, today confirmed its positive outlook and annual guidance after its majority shareholder, Expedia, Inc., reported its financials as part of its quarterly segment reporting.

Axel Hefer, CFO, said: "As we continue to focus on growth and long-term value creation, we look forward to reporting our financial results on August 4, 2017. In light of our expectations for the year, we confirm our previously communicated full-year guidance and continue to expect annual revenue growth to be around 50% in 2017, with our adjusted EBITDA* margin likely to be up slightly from 2016."

Our decision to confirm our guidance is based on several expectations and assumptions for the year:

• Robust growth in referral revenue over the first two quarters has not only been driven by volume growth but also by positive revenue effects from the introduction of our relevance assessment. We expect revenue per qualified referral (RPQR) to show normalized levels in the second half of 2017 and a positive long-term effect through an improved user experience
• We are optimizing our performance marketing investment mix as part of our ongoing efforts to drive bookings and create long-term value for our advertisers. These adjustments will slow down qualified referral growth in the near term but are intended to have a long-term positive impact on RPQR
• As a consequence, we expect our revenue growth to be more weighted to the first half of 2017 averaging out at around 50% for the full year 2017

Results reported by Expedia, Inc. may differ in certain material respects from trivago N.V.'s standalone results for the corresponding periods. On August 4, 2017, trivago N.V.'s management will host a webcast at 2:00 PM CEST / 8:00 AM ET. The webcast and the accompanying presentation will be available on the Investor Relations section of trivago N.V.'s corporate website (http://ir.trivago.com).