Australia's Web Travel rises as annual profit nearly triples

Web Travel

28/05/2025 02:05

** Shares of Web Travel WEB.AX rise 14.1% to A$5.35, their highest level since mid-October 2024

** B2B travel services firm reports full-year net profit attributable of A$201.5 million ($129.95 million), up 196% YoY

** Citi says the company's B2B EBITDA results met expectations; lower transaction value offset by higher take rate, minor expense impact

** Highlights that TTV and bookings in the first 8 weeks are ahead of consensus

** Adds that this implies EBITDA is ~6% ahead of FY26 expectations, assuming no slowdown in TTV growth and the mid-point of guidance

** Over 3.4 mln shares change hands, 1.8x the 30-day average

** Stock up ~17% YTD including current session

($1 = 1.5506 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

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