trivago N.V. (NASDAQ:TRVG) Q3 2022 Earnings Conference Call November 2, 2022 8:15 AM ET

Company Participants

Axel Hefer - Managing Director and Chief Executive Officer

Matthias Tillmann - Managing Director and Chief Financial Officer

Conference Call Participants

Naved Khan - Truist Securities

Operator

Good day, ladies and gentlemen, thank you for standing by, and welcome to the trivago Q3 Earnings Call 2022. At this time, all participants are in a listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions] I must advise you the call is being recorded today, Wednesday, the 2nd of November 2022.

We are pleased to be joined on the call today by Axel Hefer, trivago’s CEO and Managing Director; and Matthias Tillmann, trivago’s CFO and Managing Director. The following discussion including responses to your questions reflects management’s views as of today Wednesday, November 2, 2022, only.

trivago does not undertake any obligation to update or revise this information. As always, some of the statements made on today’s call are forward-looking, typically preceded by words such as we expect, we believe, we anticipate or similar statements. Please refer to the Q3 2022 operating and financial review and the company’s other filings with the SEC for information about factors which could cause trivago’s actual results to differ materially from these forward-looking statements.

You will find reconciliations of non-GAAP measures to the most comparable GAAP measures discussed today in trivago’s operating and financial review, which is posted on the company’s IR website at ir.trivago.com. You are encouraged to periodically visit trivago’s Investor Relations site for important content. Finally, unless otherwise stated, all comparisons on this call will be against results for the comparable period of 2021.

With that, let me turn the call over to Axel.

Axel Hefer

Thank you, everyone, for joining us for our Q3 2022 earnings call today. Looking back at the third quarter, we have experienced a very strong summer. COVID restrictions have been lifted in most parts of the world, and people have used the opportunity to travel across the world. Travelers were willing to spend even though prices have risen sharply this year. In this inflationary environment, we’ve seen strong demand for our services, helping users save money. We are very happy with our strong operational performance, as we exceeded our own adjusted EBITDA projection. Matthias will cover the details shortly. And I would like to thank our customers and our employees for the strong quarter.