eDreams ODIGEO S.A. (0QS9) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and thank you all for joining us today for the Q3 fiscal year 2026 resource presentation for the nine months ending 31st of December 2025. I'm David de la Roth, the Director of Investor Relations at IDIM Sodillo. As always, you can find the resource materials, including the presentation and our resource report, in the Investor Relations section of our website. I will now pass you over to Dana Dunn, our CEO, who will take you through the first part of the presentation. Thank you, David. And good afternoon, everyone. Thank you for joining us today. We're going to discuss three things. The first is, I'll do a brief update of our first nine-month results of FY26 and the outlook, which we're on track. Second, Debbie Lillithagar of CFO will take you through the prime model and how it continues to drive very strong growth. Third, I will then share some closing remarks on why we think we are significantly undervalued. Please turn to slide four, which is a summary of our performance for the first nine months of fiscal year 2026. We're firmly on track to deliver on our new guidance. In the first nine months, adjusted EBITDA increased 74% year-on-year 138.4 million euros. Adjusted EBITDA isolates operational performance from cash timing effects of the move from annual subscription to annual subscription with monthly installments. So this 74% increase of adjusted EBITDA shows the strength of the underlying business absent the cash timing effects. Prime Membership, we reached 7.7 million members, up 13% year-on-year. As of January, we hit 7.8 million subscribers and reaffirm our FY26 target of 7.9 million. Cash even improved by 2% to 126.7 million euros compared to the nine months of FY25. which was partially impacted by the investments we are making in ...