3 Things Trivago Investors Need to Watch This Year
Trivago (NASDAQ: TRVG) reported reported fourth-quarter earnings on Feb. 9, and as expected, the numbers were grim as the hotel-booking platform continues to endure an unprecedented disruption in the travel industry from the pandemic. A resurgence of virus cases in Europe and North America in the fourth quarter led to revenue plunging 79% to 32.3 million euros ($39.2 million). On the bottom line, the company reported an adjusted EBITDA loss of 3.4 million euros in the quarter, compared to a profit of 18.4 million a year ago.
Still, those challenges were widely expected. The good news for Trivago investors is that vaccines are rolling out around the world, and the company anticipates a strong recovery in the travel industry in 2021. The stock has more than doubled since Pfizer and BioNTech announced successful vaccine results last November, but there's plenty of upside left if the travel sector rebounds strongly, as many expect.
Let's look at three key factors to watch for Trivago as a potential recovery plays out this year.
Source Fool.com