1H26 - Record TTV, Revenue and EBITDA
Key points
- TTV up 22% compared to 1H25, driven by significant above-market growth in top 3 regions
- TTV margin above guidance at 6.5% and on track to be at least 6.5% for FY26
- WebBeds EBITDA up 21% in line with Revenue growth
Full summary
WEB Travel Group Limited (ASX:WEB) today announced its financial results for the 6 months to 30 September 2025. The company reported record Total Transaction Value (TTV) of $3.2 billion, up 22% compared to the same period last year. WebBeds EBITDA was $94.0 million, up 21% in line with Revenue growth, while Underlying Group EBITDA was $81.7 million, up 17%. The company's results reflect the strong performance of the WebBeds business, with Bookings up 18% and TTV up 22% driven by growth in all regions, particularly the Americas. TTV margins were above guidance at 6.5% and are on track to be at least 6.5% for FY26. Expenses were up 19% reflecting CPI increases, the re-inclusion of bonuses, and planned investment in hotel contracting resources. The company has a strengthened capital position with $481 million cash and $699 million available liquidity as at 30 September 2025. Trading for the first 7 weeks of 2H26 has been strong with TTV up 23% compared to the same period last year, and the company is on track to deliver record FY26 underlying EBITDA between $147 and $155 million.
Guidance
FY26 underlying EBITDA expected to be between $147 to $155 million
Outlook
Trading for the first 7 weeks of 2H26 has been strong with TTV up 23% compared to the same period last year. The company is on track to deliver record FY26 results.
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