HBX Group (Hotelbeds) ends 2025 with another net loss
📈 HBX Group's 2025 results show a €70 million net loss despite an 8% rise in total transaction value to €8.18 billion and revenue of €720 million. Adjusted EBITDA margins neared 60%, with adjusted earnings at €258 million. Net debt decreased significantly from €1.07 billion to €397 million post-IPO. Operational gains are strong, yet profitability remains elusive, indicating HBX's recovery is ongoing but not yet stable. Full details at [HBX Group](https://www.prnewswire.com/news-releases/hbx-group-announces-full-year-2025-financial-results-302626557.html?utm_source=chatgpt.com).
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