New guidance for 2026 includes earnings €215-220 million
European OTA eDreams Odigeo saw profits rise 40% in the first nine months of 2024 on the back of increased subscriptions.
The company reported a 26% rise in subscribers to its Prime membership scheme to more than 7 million in the third quarter ending in December last year.
Earrings [ebitda] hit a record €123.7 million for the nine-month period, up 40% year-on-year from €88.6 million.
Third quarter profits grew to €42.6 million, 70% higher than the same period last year.
The group noted that it is now on course to meet a self-imposed 3.5-year targets by next month of 7.25 million Prime subscribers and earnings of €180 million.
New guidance for the 2026 financial year includes one million new Prime members and earnings in the range of €215-220 million.
Chief executive Dana Dunne said: “This has been an exceptional quarter. Our record-breaking profitability demonstrates that our unique subscription model and strategy are not only effective – they’re driving unparalleled success today while laying a solid foundation for ever growing and sustainable, long-term growth.
“This outstanding performance leaves us set to achieve our long-term targets by the end of March 2025.
“Building on this momentum, and fuelled by our pride to be Prime, we’re excited to set our sights on our newly issued guidance for the next fiscal year.
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“We will continue to scale our model as we drive further growth across our subscriber base, profitability, and cash generation.
“As the world’s largest travel subscription platform, our mission is to continue to delight travellers while generating exceptional returns for our shareholders.”
