- Hostelworld Group raised its adjusted Ebitda guidance for the full year after posting a record revenue performance for the third quarter.
- Revenue rose 38% on year to 75.2 million euros ($79.5 million), with net gross transaction value of bookings less cancellations up 38% to EUR496.4 million.
- Adjusted earnings before interest, taxes, depreciation and amortization for the full year are now expected to be in the EUR17.5 million to EUR18 million range.
- Net average booking value fell 4% to EUR14.94, driven by a greater proportion of Asian destination bookings.
- Net bookings rose 43% on year to 5 million, with continued growth across all regions.
- Southern Europe, Asia, and Oceania destinations are performing ahead of pre-pandemic levels.
- The board remains confident in the capacity of the business model to deliver long-term profitable growth and create shareholder value.
Hostelworld Group has raised its adjusted Ebitda guidance for the full year after achieving a record revenue performance in the third quarter. The company reported a 38% increase in revenue to 75.2 million euros ($79.5 million), with net gross transaction value of bookings less cancellations also up 38% to EUR496.4 million. Adjusted earnings before interest, taxes, depreciation, and amortization for the full year are now expected to be in the range of EUR17.5 million to EUR18 million. However, the net average booking value decreased by 4% to EUR14.94 due to a higher proportion of Asian destination bookings. Despite this, net bookings saw a significant increase of 43% to 5 million, with growth observed across all regions. Southern Europe, Asia, and Oceania destinations are performing particularly well, surpassing pre-pandemic levels. Hostelworld Group remains confident in its business model’s ability to deliver long-term profitable growth and create value for shareholders.
