Corrected: BUZZ-eDreams slides as investments weight on underlying Q1 results

eDreams ODIGEO

01/09/2026 09:56

Corrects sourcing in 6th bullet to say CFO not CEO
** Shares in eDreams EDRE.MC fall about 11% as investors focus on underlying Q1 mix and near-term concerns
** Cantor's analyst Bharath Nagaraj says the drop is more "expectations/timing-driven than fundamental" 
** eDream's prime ARPU declines 13% y/y and cash marginal profit falls 24%, which the analyst says is all investment driven
** Nagaraj also points out the shares' resilience ahead of results and expects Q2 to be more challenging before growth re-accelerates in H2
** The company guides for cash EBITDA growth to resume from Q4
** eDreams' CFO tells Reuters that from H2 the company will have a clean baseline to compare LFL, which is why they are "so confident in this inflection point"
** The stock rose about 29% over June to August period
     

(Reporting by Gemma Guasch)
((Gemma.guasch@thomsonreuters.com))