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HSW — Hostelworld News Story

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UK's Hostelworld shares dip on lower H1 adjusted EBITDA

** Online hostel booking platform Hostelworld's shares HSW.L fall over 9% to 128.5p - among top pct losers in FTSE small cap index .FTSC

** Posts ~23% fall in H1 adj. EBITDA to 7.4 million euros ($8.7 million) due to higher marketing costs in first few months of H1, which have since moderated

** Expects FY adj. EBITDA in line with market expectations of 19.9 million euros, according to company-compiled poll

** YTD, HSW stock down 9%

($1 = 0.8527 euros)

 (Reporting by Unnamalai L in Bengaluru)

 ((Unnamalai.L@thomsonreuters.com;))

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