HBX GROUP ANNOUNCES HALF YEAR 2025 FINANCIAL RESULTS

HBX GROUP ANNOUNCES HALF YEAR 2025 FINANCIAL RESULTS

Strong performance with double-digit growth

PALMA DE MALLORCA, Spain, May 14, 2025 /PRNewswire/ -- HBX Group International plc (HBX Group, the Company, the Group, HBX.SM) announces its Half Year 2025 results.

• Total Transaction Value (TTV) up 12% to €3.4bn, demonstrating continued outperformance versus the global accommodation market
• Revenue of €319m, up 10%, driven by double-digit growth in travel to Europe and MEAPAC
• Adjusted EBITDA of €159m, up 14% and Adjusted EBITDA margin of 50%, up 2% points
• New commercial partnerships signed to deliver future growth in key markets
• Listing on the Spanish Stock Exchanges in February, raising €725 million
• Debt refinancing completed in March followed by credit rating upgrades
• FY25E revenue guidance widened to €740-790m; newly introduced guidance for adjusted EBITDA of €430-450m and operating free cash flow cash conversion of c.100%
• Retained medium-term outlook, maintaining confidence in our ambition of profitable growth and market outperformance

Outlook

The strong start to the year was in line with our expectations and reflected good execution and market outperformance. Since the beginning of April, trading has remained resilient, broadly in line with first half performance supported by strong long lead time bookings. At the same time, the more volatile macroeconomic environment has led to slightly lower visibility for summer bookings. As a consequence, the range of potential revenue outcomes for FY25E is wider and FY25E revenue guidance is updated to €740-790m. Guidance has been introduced for Adj. EBITDA (€430-450m) and operating free cash flow conversion (c. 100%, in line with our mid-term guidance), reflecting actions we are taking to deliver profitability and cash generation in a less predictable market environment. Our Mid-term outlook is unchanged. Our strong value proposition, compounded by the long-term positive spending trends underpinning the travel and leisure market, gives us confidence for the future.

For the full press release and disclaimer applicable to this information, please visit www.investors.hbxgroup.com.

About HBX Group

HBX Group is a leading independent B2B travel technology marketplace that owns and operates Hotelbeds, Bedsonline and Roiback. We offer a network of interconnected travel tech products and services to partners such as Online Marketplaces, tour operators, travel advisors, airlines, loyalty programs, destinations and travel suppliers. 

Our vision is to simplify the complex and fragmented travel industry through a combination of cloud-based technology solutions, curated data, and an extensive portfolio of products designed to maximise revenue. HBX Group is present in 170 countries and employs more than 3,600 people around the globe. We are committed to making travel a force for good, creating a positive social and environmental impact.

HBX Group International PLC (HBX.SM) is listed on the Spanish stock exchanges (ISIN: GB00BNXJB679).

Media contact: 
media@hbxgroup.com
hbx@brunswickgroup.com

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SOURCE HBX Group