trivago Stock Is Diving Today - Here's Why
Portfolio Pulse from Lekha Gupta
trivago NV (NASDAQ:TRVG) reported Q2 FY23 results, missing consensus estimates for both EPS and sales. The company's revenue fell 14% Y/Y, with referral revenue decreasing 13% Y/Y. Factors such as lower monetization, shorter length of users’ booked stays, and foreign exchange rate effects negatively impacted the financial performance. The company's Return on Advertising Spend (RAOS) and Adjusted EBITDA also declined. Following the announcement, TRVG shares fell 10.50%.
August 04, 2023 | 12:01 pm
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NEGATIVE IMPACT
trivago's Q2 FY23 results missed estimates, leading to a 10.50% drop in its stock price. The company's revenue, referral revenue, RAOS, and Adjusted EBITDA all declined.
trivago's Q2 FY23 results missed consensus estimates for both EPS and sales, which is a negative signal to investors. The company's revenue and referral revenue both fell Y/Y, indicating a decrease in business activity. The decline in RAOS and Adjusted EBITDA further suggests that the company's profitability is decreasing. These factors likely contributed to the 10.50% drop in the company's stock price.
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