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6-K
TRIVAGO N.V. filed this Form 6-K on 10/24/2018
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Technology and content
For the third quarter of 2018, technology and content expense increased by €3.7 million to €17.1 million, or 28% year-over-year, and for the nine months ended September 30, 2018, increased by €11.5 million to €49.6 million period-over-period, or 30% compared to the same period in 2017.

The increase in technology and content expense was primarily driven by higher costs for third-party IT service providers of €0.9 million in the third quarter of 2018 and of €2.0 million in the nine months ended September 30, 2018, compared to the same periods in 2017. The increase was also driven by additional depreciation expense of €0.7 million and €1.5 million and office expenses of €0.5 million and €1.4 million, in the third quarter and nine months ended September 30, 2018, respectively, compared to the same periods in 2017, mostly due to expansions relating to headcount increases in the first two quarters of 2018.

Personnel costs increased by €0.5 million in the third quarter of 2018 mainly because of higher compensation expenses compared to the same period in 2017, that were partly offset by lower employee benefits. Personnel costs increased by €4.0 million in the nine months ended September 30, 2018 compared to the same period in 2017 as our compensation expenses were higher.

Share-based compensation increased by €0.7 million and €0.8 million during the third quarter and nine months ended September 30, 2018, compared to the same periods in 2017.

General and administrative
General and administrative expenses increased by €0.6 million, or 5% year-over-year, to €12.7 million in the third quarter of 2018 and increased by €10.6 million, or 33% period-over-period, to €42.8 million in the nine months ended September 30, 2018, compared to the same periods in 2017.

For the third quarter ended September 30, 2018, professional fees and other expenses increased by €0.4 million compared to the same period in 2017, mostly driven by an increase in depreciation expense of €0.4 million and in legal expenses of €0.3 million, partly offset by lower losses on receivables. In the nine months ended September 30, 2018, professional fees and other expenses increased by €4.8 million compared to the same period in 2017, primarily due to an increase in legal, audit and consulting expenses of €4.5 million, as well as the impairment of internal-use software in the second quarter of 2018. Additionally, depreciation expense increased in the nine months ended September 30, 2018 compared to the same period in 2017, which was partly offset by a decrease in losses on receivables.

Personnel and recruiting expenses increased by €0.4 million and €3.7 million for the third quarter and nine months ended September 30, 2018, primarily due to an increase in headcount compared to the same periods in 2017, as well as severance payments in the third quarter of 2018.

Share-based compensation decreased by €0.2 million to €3.0 million in the third quarter of 2018 and increased by €2.2 million to €8.9 million in the nine months ended September 30, 2018, compared to the same periods in 2017.

trivago Campus
We moved into our new campus in Düsseldorf in June 2018. The contractual lease agreements triggered build-to-suit treatment under U.S. GAAP, and the move-in triggered a sale and subsequent leaseback transaction. We have bifurcated our lease payments relating to the premises into a portion that is allocated to the building (a reduction of the financing obligation) and a portion that is allocated to the land on which the building was constructed. The portion of the lease obligations allocated to the land is treated as an operating lease that commenced in July 2015. In connection with this lease, we recorded non-cash land rent expense of €0.4 million in the third quarter of 2018 and €1.3 million in the nine months ended September 30, 2018, in line with the same periods in 2017. The non-cash land rent expense was classified as general and

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