Web Travel Group Unsp/Adr (WEJTY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Web Travel Group Limited first half FY26 results briefing. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. John Gusick, Managing Director. Please go ahead. Thank you, Harmony. Good morning, everyone. Welcome to the Web Travel Group results Joining me today is our CFO, Tony Rusteski. Grab your ticket and your suitcase, thunder's rolling down the tracks. Web knows where it's going and we know we'll never go back. Investors, if you're weary, lay your head upon my chest. We'll take what we can carry and we'll leave the rest. Big web rolling through fields where sunlight streams. Meet me in the land of hope and dreams. Welcome guys. We said that we would deliver world-class growth in FY26 and we said that margins would stabilise and we've done both things. If you go to slide 3 you'll see that our TTV is up 22%, our margin is up is at 6.5%. We'll talk about how we get there and the construct in a second. EBITDA for the group is up 17. If we break it down to the underlying performance of webbeds, TTV of 3.2 billion, up 22% on the first half of 25. Revenue of 204.6 million, up 20%. EBITDA of 94 million, up 21% on the corresponding period. We've maintained market leading TTV growth rates while maintaining margins. Revenue is a reflection virtually identical of TTV and EBITDA is up almost exactly the same. We'll go through the construct of how that all transpired in a second. If we get to the overall group performance, underlying EBITDA is up 81.7 million after corporate costs of 12.3. MPAT is 48....