trivago N.V. (NASDAQ:TRVG) Q3 2024 Results Conference Call November 6, 2024 8:15 AM ET
Company Participants
Johannes Thomas - CEO and Managing Director
Robin Harries - CFO
Conference Call Participants
Naved Khan - B. Riley Securities
Jeremy Liu - UBS
Ron Josey - Citi
Tom White - D. A. Davidson
Operator
Good day, ladies and gentlemen. Thank you for standing by and welcome to the trivago's Q3 Earnings Call 2024. All lines are being place on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session [Operator Instructions]. I must advise you that, the call is being recorded today, Wednesday, the 6th of November 2024.
We are pleased to be joined on the call today by Johannes Thomas, trivago's CEO and Managing Director; and Robin Harries, trivago's CFO and Managing Director. The following discussion, including responses to your question reflects management views as of today, Wednesday, November 6th, 2024, 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, 2024 operating and financial review and trivago'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 today in trivago's operating and financial review, which is posted under our Investor Relations website at ir.trivago.com. You are encouraged to periodically visit trivago's Investor Relations website for important content. Finally, unless otherwise stated, our comparison on this call be against results for the comparable period of 2023.
With that, let me turn the call over to Johannes. Please go ahead.
Johannes Thomas
Good morning, everyone. Thank you for joining our Q3 2024 earnings call. In the third quarter of 2024, we delivered solid brand revenue growth in our Developed Europe and Rest of the World segments, maintaining their positive trajectory. While the married-class segment faced temporary market headwinds, including softer demand earlier in the quarter and reduced TV reach due to shifted viewership from major sports and political events. In Americas, we demonstrated our agility by adjusting our brand investments accordingly. This technical response contributed to a better-than-expected adjusted EBITDA.
Google ad format changes continue to be a headwind, which we expect to gradually normalize by Q1 2025. As we move into Q4, we are seeing a return to typical seasonality patterns and are excited to be approaching our turning point. We are well-positioned for growth this quarter and aim for sustainable growth next year. Our disciplined approach keeps us on track to achieve breakeven on a full-year basis in 2024. We remain confident in our ability to achieve double-digits growth in the medium-term. Robin will share further insights on Q3 and our future expectations.