🔹 Revenue: $2.99B (Est. $3.02B) 😐; UP +3% YoY
🔹 Adj EPS: $0.40 (Est. $0.29) 🟢; UP +90% YoY
🔹 Adj Net Income: $53M (Est. $45.1M) 🟢; UP +81% YoY
🔹 Adj EBITDA: $296M (Est. $269.8M) 🟢; UP +16% YoY
Segment & Product Breakdown:
🔹 Gross Bookings: $31.45B; UP +4% YoY
- B2C: $22.62B; UP +1% YoY
- B2B: $8.84B; UP +14% YoY
🔹 Booked Room Nights: 107.7M; UP +6% YoY
🔹 Booked Air Tickets: 14.8M; UP +4% YoY
🔹 ADR (Average Daily Rate): $213.9; DOWN -1% YoY
Revenue by Product:
🔹 Lodging Revenue: $2.29B; UP +3% YoY
🔹 Air Revenue: $107M; DOWN -7% YoY
🔹 Advertising & Media (EG): $174M; UP +20% YoY
🔹 Advertising & Media (Trivago): $85M; UP +22% YoY
🔹 Other Revenue: $333M; UP +1% YoY
Revenue by Geography:
🔹 U.S. Point of Sale: $1.83B; UP +2% YoY
🔹 Non-U.S. Point of Sale: $1.16B; UP +6% YoY
Other Key Metrics:
🔹 Adj EBITDA Margin: 9.9% (UP +105 bps YoY)
🔹 Net Loss: -$200M (vs. -$135M YoY)
🔹 Free Cash Flow: $2.76B (vs. $2.70B YoY)
🔹 Operating Cash Flow: $2.95B (vs. $2.88B YoY)
Capital Allocation:
🔹 Share Repurchase: $330M during Q1 (1.7M shares)
🔹 Quarterly Dividend Paid: $0.40/share on March 27, 2025
CEO Ariane Gorin’s Commentary:
🔸 “We posted Q1 bookings and revenue within our guidance despite weaker-than-expected U.S. travel demand. Bottom-line performance beat expectations with EBITDA margin expansion. We remain focused on driving margin growth alongside top-line expansion.”