eDreams ODIGEO Achieves Record Revenues and Grows Profits by 54% as Subscriber Base Tops 5.4 Million Members
- Record-breaking revenues surpassed the €500 million mark for the first time in the 9 months, reaching €507.3 million, growing 10% from €459.7 million last year.
- Profitability1 grows significantly by 54% to €88.6 million.
- Marginal profit2 hit an all-time 9-month peak of €158.9 million, up 38% from last year.
- Top-line and margin improvements driven by continued success of the subscription business model. Subscriber base grows strongly by 38% to 5.4 million, sustained even through the lowest seasonal quarter.
- Subscription business now drives 78% of the Company’s marginal profit, reflecting successful shift from transactional to predictable subscription model.
- Share repurchase plan of 5.5 million shares of up to €50 million.
- The business anticipates further growth in Prime membership to between 5.75 and 5.9 million by the end of the current…