eDreams ODIGEO Achieves Record Profitability With +70% Quarterly Profit Growth and Robust Subscriber Expansion

About this update from Edreams Odigeo

Record Cash EBITDA +70% to €42.6 million in Q3 and +40% to €123.7 million in the nine-months Prime subscribers grew by +26% in Q3, surpassing 7 million in February BARCELONA, Spain, February 20, 2025 --( BUSINESS WIRE )-- eDreams ODIGEO (hereinafter ‘eDO’, ‘the Company’ or ‘the Group’), the world’s leading travel subscription company and one of Europe’s largest e-commerce firms, today announced its results for the quarter and nine months ended 31 December 2024. The Company continued to show strong growth driven by its subscription model. Prime now 1 boasts over 7 million members after an outstanding performance of +26% in the third quarter, reaching 6.8 million members by the end of December 2024. As guided, the growing customer base and the increasing maturity of existing memberships continue to drive consistent profitability gains. The key profitability metric, Cash EBITDA, reached an all-time high of €123.7 million for the nine-month period, reflecting a 40% increase compared to last year. For Q3, Cash EBITDA grew to €42.6 million, 70% higher than the same period last year, and record achievement for the period. Similarly, eDO continued to expand its cash generation 2 , which grew 91% to €68.4 million, up from €35.9 million last year. With these excellent results and Q4 being seasonally the strongest, eDO is now set to meet its self-imposed 3.5-year targets by March 2025: 7.25 million Prime subscribers and Cash EBITDA of €180 million. RESULTS HIGHLIGHTS Dana Dunne, CEO of eDreams ODIGEO commented: "This has been an exceptional quarter. Our record-breaking profitability demonstrates that our unique subscription model and strategy are not only effective—they’re driving unparalleled success today while laying a solid foundation for ever growing and sustainable, long-term growth. This outstanding performance leaves us set to achieve our long-term targets by the end of March 2025. Building on this momentum, and fuelled by our pride to be Prime, we’re excited to set our sights on our newly issued guidance for the next fiscal year. We will continue to scale our model as we drive further growth across our subscriber base, profitability, and cash generation. As the world’s largest travel subscription platform, our mission is to continue to delight travellers while generating exceptional returns for our shareholders." SUMMARY INCOME STATEMENT Glossary of terms can be found here . - ENDS - About eDreams ODIGEO eDreams ODIGEO is the world’s leading travel subscription platform and one of the largest e-commerce businesses in Europe. Under its four renowned online travel agency brands – eDreams, GO Voyages, Opodo, Travellink, and the metasearch engine Liligo – it serves more than 21 million customers per year across 44 markets. Listed on the Spanish Stock Market, eDreams ODIGEO works with nearly 700 airlines. The business launched Prime, the first subscription product in the travel sector which has topped over 7 million members since launching in 2017. The brand offers the best quality products in regular flights, low-cost airlines, hotels, dynamic packages, car rental and travel insurance to make travel easier, more accessible, and better value for consumers across the globe. 1 As of February 2025 2 (Free) Cash Flow ex Non-Prime Working Capital 3 Net adds: Gross adds - Churn. 4 Cash Revenue Margin View source version on businesswire.com: https://www.businesswire.com/news/home/20250220005138/en/ Contacts EDREAMS ODIGEO PRESS OFFICE: E: [email protected] T: +(44)07879086840

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