trivago N.V. (NASDAQ:TRVG) Q2 2022 Earnings Conference Call August 10, 2022 8:15 AM ET
Company Participants
Axel Hefer - Chief Executive Officer and Managing Director
Matthias Tillmann - Chief Financial Officer and Managing Director
Conference Call Participants
Naved Khan - Truist
Lloyd Walmsley - UBS
James Lee - Mizuho
Michael Bruce - Wells Fargo
Operator
Good day, ladies and gentlemen. Thank you for standing by, and welcome to the trivago Q2 Earnings Call 2022. At this time, all participants are in a listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions] I must advise you the call is being recorded today Wednesday the 10th of August 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 10th of August 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 Q2 2022 operating and financial review and the company's other filings with the SEC for the 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 Q2 2022 earnings call today. As COVID-19 measures have been lifted all over the world, we have seen travelers regaining confidence leading to significant pent-up demand during the summer so far.
We have successfully launched our summer TV campaign and ramped up performance marketing in a disciplined way, leading to the highest quarterly adjusted EBITDA in our history. However, the macroeconomic outlook has become less certain with rising interest rates and increased inflation putting pressure on consumers discretionary spending.
As a result of the changing macroeconomic environment, we've performed a goodwill and indefinite lived intangible asset impairment test, which resulted in our recording of an impairment charge driving our net loss of €59.8 million for the quarter.