Growth drives profit and margin expansion
Travel subscription company, eDreams ODIGEO, has posted strong fiscal year 2026 results with growth across subscribers, profitability, and margins.
The strength of the Prime subscription model was the primary driver of growth. Membership saw significant growth of 20%, reaching 7.5 million members.
Quarterly member growth reached the high end of quarterly guidance at 205,000. This performance drove strong profitability1, which grew 8% year-on-year to €39 million, meeting the target range of €38 – €40 million.
This performance is a direct result of the increasing maturity of the Prime membership base.
As a larger share of members renew their subscriptions beyond the first year, acquisition costs are reduced, which in turn raises profitability and drives a substantial margin expansion.
eDO’s subscription model, with its sustained and predictable cash flow generation, has enabled the Company to significantly enhance its capital structure and increase direct returns to shareholders.
This is demonstrated by the current €20 million share repurchase programme announced in May, which is already 80% executed.
The programme has proven highly successful in enhancing stock liquidity, with the average daily trading volume now standing at €2.5 million in the European Composite Index.
Building on this success, the Board of Directors has approved a further €20 million plan, the start date of which will be announced upon completion of the current programme.
These actions are complemented by a multi-stage capital reduction strategy, which includes the immediate redemption of nearly 3 million shares to increase earnings per share.
