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SEC Filings

20-F
TRIVAGO N.V. filed this Form 20-F on 03/06/2018
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Item 3: Key information
A.
Selected financial data
We have derived the data we present in the tables below from our audited consolidated financial statements for the years presented. You should read all of the data in the tables below together with the consolidated financial statements and notes included in “Item 18 Financial statements” and the information we provide in “Item 5 Operating and financial review and prospects.” For fiscal years ended December 31, 2014 and 2015, refer to our previously filed annual report on Form 20-F. Our financial statements are prepared in accordance with U.S. GAAP.
(in thousands, except per share data)
 
Year ended December 31,
 
 
2014
 
 
2015
 
 
2016
 
 
2017
 
Consolidated statement of operations:
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
 
209,137

 
 
298,842

 
 
485,942

 
 
667,802

Revenue from related party
 
 
100,195

 
 
194,241

 
 
268,227

 
 
367,581

Total revenue
 
 
309,332

 
 
493,083

 
 
754,169

 
 
1,035,383

Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Cost of revenue, excluding amortization(1)(3)
 
 
1,443

 
 
2,946

 
 
4,273

 
 
5,930

Selling and marketing(1)(3)
 
 
286,234

 
 
461,219

 
 
673,224

 
 
946,925

Technology and content(1)(2)(3)
 
 
15,388

 
 
28,693

 
 
51,658

 
 
52,232

General and administrative(1)(2)(3)
 
 
6,536

 
 
18,065

 
 
55,602

 
 
47,444

Amortization of intangible assets(2)  
 
 
30,025

 
 
30,030

 
 
13,857

 
 
3,220

Operating income (loss)
 
 
(30,294
)
 
 
(47,870
)
 
 
(44,445
)
 
 
(20,368
)
Other income (expense):
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 
(11
)
 
 
(147
)
 
 
(137
)
 
 
(44
)
Gain on deconsolidation of entity
 
 

 
 

 
 

 
 
2,007

Other, net
 
 
(1,435
)
 
 
(2,667
)
 
 
(139
)
 
 
592

Total other income (expense), net
 
 
(1,446
)
 
 
(2,814
)
 
 
(276
)
 
 
2,555

Income (loss) before income taxes
 
 
(31,740
)
 
 
(50,684
)
 
 
(44,721
)
 
 
(17,813
)
Expense (benefit) for income taxes
 
 
(8,644
)
 
 
(11,318
)
 
 
6,670

 
 
(4,764
)
Net loss
 
 
(23,096
)
 
 
(39,366
)
 
 
(51,391
)
 
 
(13,049
)
Net loss attributable to noncontrolling interests
 
 

 
 
239

 
 
710

 
 
568

Net loss attributable to trivago N.V.
 
 
(23,096
)
 
 
(39,127
)
 
 
(50,681
)
 
 
(12,481
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share attributable to trivago N.V. available to common stockholders(4)
 
 
 
 
 
 
 
 
 
 
 
 
Basic and diluted
 
 
 
 
 
 
 
 
0.00

 
 
(0.05
)
Shares used in computing earnings per share(4)
 
 
 
 
 
 
 
 
 
 
 
 
Basic and diluted
 
 
 
 
 
 
 
 
237,811
 
 
274,666
 
 
 
 
 
 
 
 
 
 
 
 
 
Key performance indicator:
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBITDA(5)
 
 
3,513

 
 
(1,062
)
 
 
28,217

 
 
6,679


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