Trainline Plc (TNLIF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Thank you for joining us today for our results presentation. It's great to be here. I'm Jody Ford, CEO of Trainline, and I'm joined by Pete Wood, our CFO. Let's first go through the disclaimer. On to the agenda for today. I'll give an introduction, briefly discussing the progress we've made this year and updating you on the regulatory backdrop in the UK. Pete will talk you through our financial performance, I'll update you on how we're progressing against our strategic priorities, and we'll finish with an overview of our AI strategy, which is becoming a core part of how we compete. After that, we'll open up to the floor for questions. Trainline is Europe's number one rail app, built on a market-leading customer experience. Our core purpose is to empower greener travel choices, and each of these three business units is a leader in its market segment with clear opportunities to scale. In the UK, we are the number one traveler. We are helping to grow the rail market and increasing the value of our 18 million customer base. In international, we are the largest rail aggregator in Europe. We will deploy our proven aggregation playbook across France, Italy, and Spain. Markets expected to be worth 23 billion euros by 2030, including 12 billion on aggregated high-speed routes. And in Trainline Solutions, we have the leading B2B rail platform across the UK and Europe, which now generates over a billion pounds of net ticket sales. We plan to grow further into the 6 billion euro business travel opportunity in European rail. This year, we've made strong progress in each of our business units. In the UK, we've delivered growth while strengthening customer engagement through new rail disruption features and digital railcars. In international, our aggregation...