• TTV up 22%, delivering nearly $5 billion TTV in FY25
• Revenue up 1% on pcp, FY25 TTV margins stabilised at 6.7%
• EBITDA down 14% on pcp due to lower Revenue and higher costs

WEB Travel Group presented its FY25 AGM update, highlighting key financial metrics. Total Transaction Value (TTV) was up 22% (23% in EUR functional currency) on the previous corresponding period (pcp), delivering nearly $5 billion in TTV for FY25. Revenue was up 1% on pcp, reflecting lower TTV margins which stabilised at 6.7% in FY25. EBITDA was down 14% on pcp, reflecting the lower Revenue and higher costs (up c.15% on pcp). The company maintained a strong cash position of $363.6 million post demerger, with corporate costs of $18.2 million in line with guidance. WebBeds, the global B2B travel marketplace, saw a 22% increase in TTV, though lower margins impacted Revenue and EBITDA. The company outlined key drivers of TTV growth, including expanding its customer base, supply, and markets, as well as improving conversion. It also addressed factors that had impacted TTV margins, such as customer financial incentive agreements and pricing response to European summer trading. The company is investing in directly contracted inventory to optimise its supply mix and maintain margins as it expands into lower-margin regions. WEB Travel Group is committed to delivering $10 billion in TTV by FY30 at around 50% EBITDA margins.

FY26 TTV margins of at least 6.5%, FY26 EBITDA margins expected to be between 44% and 47%, FY26 expense growth in high single digits.

WEB Travel Group is targeting $10 billion in TTV by FY30 at around 50% EBITDA margins. The company expects to continue outperforming its peers, with 1H26 TTV growth in the mid-teens and bookings growth in the mid to high teens.