Subscriber Growth Boosts eDreams Full-Year Profit
eDreams Odigeo Reports Full-Year Net Profit Increase
Spanish online travel booking firm eDreams Odigeo reported a rise in its full-year net profit, driven by continued growth in its Prime subscription base. The Barcelona-based company posted a net profit of 52.2 million euros for the last quarter of its financial year.
Below Analyst Expectations
Analysts had forecast an average net profit of 60.3 million euros for the company, whose fiscal year ends in March, according to LSEG data. The results came in slightly below expectations.
Prime Subscriber Growth Continues
eDreams plans to expand its membership base to over 13 million users by 2030. Earlier concerns about slowing subscriber growth weighed on the stock, but the company has reiterated its growth targets.
Impacted Symbols
Symbols affected by this headline and their sentiment signals
The news, analyses, and comments on this platform do not constitute investment advice. When making investment decisions, you should conduct your own research and consult with a qualified financial advisor if necessary. FiNews cannot be held responsible for any losses that may arise from the use of this information.
More Headlines
Tokyo Core Inflation Slows, Remains Below BOJ Target
Tokyo Core Inflation Slows, Remains Below BOJ Target
…Nikkei May Rise on Hopes for U.S.-Iran Peace Deal
Nikkei May Rise on Hopes for U.S.-Iran Peace Deal
…Australian Pension Fund HUB24 Faces Regulatory Scrutiny
Australian Pension Fund HUB24 Faces Regulatory Scrutiny
…