Trivago NV: Rallies on return to profitability

trivago NV

24/10/2018 14:23

** U.S.-listed shares Trivago  TRVG.O  up ~18 pct premarket
after hotel search website operator returns to profitability
    ** Stock among best performers in U.S. markets before the
bell, but still trading about half its Dec 2016 IPO price of $11
    ** Trivago, majority owned by U.S. online travel firm
Expedia Inc  EXPE.O , posts Q3 net income of €10.1 mln vs net
loss of €7.7 mln a yr ago  urn:newsml:reuters.com:*:nGNE20plXZ
    ** Reports adj EBITDA of €26.6 mln vs adj EBITDA loss of
€7.1 mln in Q3 2017; now expects adj EBITDA for 2018 to be
between flat and negative €10 mln
    ** "This quarter we continued to focus on our core
principles and what has made us successful by optimizing our
marketing, improving our traffic quality and putting our users
at the center of the experience" (CEO and founder Rolf
Schrömgens)
    ** YTD, Trivago shares have fallen 27 pct

 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 646-223-5017))