London · Delayed Price · Currency is GBP · Price in GBX Hostelworld Group Earnings Call Transcripts
Fiscal Year 2025
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Net bookings and revenue grew modestly year-over-year, with a strong acceleration in the second half driven by higher commission rates and improved marketing efficiency. New revenue streams from Social Passes and budget accommodation, plus the OccasionGenius acquisition, position the platform for scalable, AI-driven growth in 2026.
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Net bookings and revenue were flat year-over-year, but growth resumed from late May, driven by strong Asian performance and the successful launch of Elevate, which increased commission rates. Adjusted EBITDA fell 23% due to higher marketing costs, but positive trading momentum and new product launches support a mid-single digit revenue growth outlook.
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Aiming to become the leading social travel platform, the company is expanding its core hostel business, launching new AI-driven social features, and entering the broader youth travel market through partnerships and M&A. Financial guidance targets double-digit revenue growth and strong cash generation, with capital returns via dividends and buybacks.
Fiscal Year 2024
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Net bookings rose 6% year-over-year, driven by solo travelers and a shift to lower-cost destinations, while net revenue dipped 1% due to an 8% ABV contraction. Adjusted EBITDA grew 19% and all bank debt was repaid, with strong social network engagement fueling app growth.
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Net bookings rose 9% year-over-year, driven by solo travelers and demand for lower-cost destinations, especially Asia. Despite a 10% drop in average booking value, net margin grew 23% and EBITDA surged 88%, with strong cash flow enabling early debt repayment.