Australia's Web Travel rebounds on reaffirming FY forecast

Web Travel

09/02/2026 24:42

** Shares of Web Travel WEB.AX jump as much as 17.2% to A$3.47, marking their strongest intraday gain since May 28, 2025, as the stock claws back part of Friday's slump

** Stock top gainer on the benchmark ASX 200 .AXJO, which is up 1.5%

** Digital travel co maintains FY26 forecast, expects EBITDA of A$147 mln–A$155 mln ($103.40 mln- $109.03 mln), up 22%-29% YoY

** Stock had tumbled ~36% on Friday after WEB said its Spanish arm is under audit by tax authority, covering direct taxes from April 2021-March 2024 and indirect taxes from January 2022-December 2025

** More than 6.1 mln shares change hands, 2.5x the 30-day average

** YTD, WEB has lost 29.5% vs AXJO's modest gains of 1.6%

($1 = 1.4217 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))