Trivago N.V. reported a 27% year-over-year growth in total revenue to €120.0 million in the fourth quarter of 2025, driven by a 17% increase in Referral Revenue to €109.4 million. Net income for the quarter was €14.5 million, with Adjusted EBITDA at €11.3 million.
For the full year 2025, total revenue grew by 19% to €548.9 million, with Net income of €11.2 million and Adjusted EBITDA of €15.8 million. The company expects continued double-digit percentage total revenue growth and an Adjusted EBITDA of at least €20 million for 2026.
Trivago credits its growth to continuous brand marketing investments and improved booking conversion rates. The company increased its Advertising Spend by 31% year-over-year, leading to a decrease in Return on Advertising Spend by 15.0 ppts to 147.9% in the fourth quarter of 2025.
Cost of revenue, selling and marketing, technology and content expenses, and general and administrative expenses all increased year-over-year. The company reported a total cost and expense of €113.0 million for the fourth quarter of 2025.
Trivago defines Adjusted EBITDA as net income adjusted for various factors, including income from equity method investments, expenses for income taxes, depreciation, amortization, and other items. Adjusted EBITDA for the company was €11.3 million in the fourth quarter of 2025.
The company operates primarily in the Americas, Developed Europe, and Rest of World segments. Referral Revenue from external customers in these segments showed growth, contributing to the overall increase in total revenue for Trivago N.V. during the fourth quarter and full year of 2025.
Read more at GlobeNewswire: trivago N.V. reports solid Q4 2025 results, achieving 27%
