Written by StockNews.com

Trivago NV (Nasdaq:TRVG) early Monday posted solid first quarter earnings results, as its revenue surged nearly 68% from the same period last year.

The Dusseldorf, Germany-based online hotel search platform reported Q1:

• earnings per share (EPS) of €0.02, which was in-line with the Wall Street consensus estimate of €0.02 [while]
• revenues rose 67.9% from last year to €267.6 million, beating out analysts’ view for €247.62 million.
• The number of Qualified Referrals jumped 60% in the latest period, to 177.2 million, up from 110.5 million in Q1 2016.
  • Revenue per Qualified Referral rose a more modest 4%.

At the end of the first quarter in 2017, over 280,000 hoteliers engaged through Hotel Manager directly with their platform, of which over 30,000 subscribed to Hotel Manager Pro. Trivago receives a fee for Hotel Manager Pro subscriptions, driving the 143% growth in Other Revenue.

Last month, the company increased its full-year guidance via press release:

“With a strong focus on improving our hotel search product and market leading innovation, we look forward to reporting our financial results on May 15, 2017.

Given our strong start to the year, we have increased our full-year guidance and now expect annual revenue growth to be around 50% in 2017 [current consensus is for sales +45.2%], with our adjusted EBITDA margin likely to be up slightly from 2016.”

...Year-to-date, TRVG has gained 51.74%, versus a 7.38% rise in the benchmark S&P 500 index during the same period....