Spain's eDreams full-year net profit jumps almost 40%
Spanish online travel booking company eDreams said today that its full-year net profit jumped as it signed up more paying customers than it had targeted back in 2021.
The company's net profit rose almost 40% from the previous year to €45.1m.
Analysts had forecast an average net profit of €50.8m for the Barcelona-based firm, whose fiscal year ends in March, according to LSEG data.
The company said it now had 7.26 million paying subscribers and expected that number to grow by at least another million by March next year. Back in 2021, it had targeted to sign up 7.25 million subscribers by March 2025.
The firm also reiterated its guidance for cash earnings before interest, taxes, depreciation and amortization to rise to between €215m and €220m in the fiscal year ending on March 31, 2026, up from €180m in 2025.
While subscriptions are common in other industries, such as music, television and telecoms, eDreams pioneered a membership model giving customers access to discounts on airlines and hotel bookings through its website after paying a flat annual fee of €70 to €90.
Almost 87% of its profit in the fiscal year were made on subscription, the company said.
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The Irish Sun
12 hours ago
- The Irish Sun
Popular restaurant chain teases reopening dates as they re-enter Irish market after surprise shock closures
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The Irish Sun
17 hours ago
- The Irish Sun
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Credit: Splash Copy link Copied By Crunch talks over Antony future Real Betis are considering a bold strategy to keep Manchester United flop Antony at the club after a stunning loan stint in Seville. The Red Devils will not accept a cut-price deal and the LaLiga outfit may therefore struggle to afford him permanently. They will instead offer to take the Brazil international on loan again and even have plans to co-own him with Man Utd. In a rarely-seen move, Betis could agree to purchase just a percentage of the 25-year-old's rights. It means both teams could benefit from any future sale but the scheme still relies on Antony cutting his £200,000-a-week salary, which Man Utd have been covering 16 per cent of. Copy link Copied By Diaz to stay? Luis Diaz has been strongly linked with a move away from Liverpool this summer, with the likes of Barcelona and Al-Hilal great admirers. But the Colombian himself seems like he wants to stay. 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Irish Post
20 hours ago
- Irish Post
Channelscaler: Merger of Galway's Channel Mechanics and US firm Allbound to create 50 new jobs
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