Finance
Spain's eDreams sees core earnings almost doubling by 2026
Published by Global Banking and Finance Review
Posted on January 31, 2025
2 min readLast updated: January 26, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 31, 2025
2 min readLast updated: January 26, 2026
eDreams ODIGEO projects its core earnings to nearly double by 2026, driven by an increase in paying subscribers to its premium service.
(Reuters) - Spanish online travel booking company eDreams ODIGEO on Friday said it expects its core earnings to almost double by 2026 as it keeps adding more paying subscribers to its premium service.
The company expects its cash earnings before interest, taxes, depreciation and amortization to rise to between 215 million euros ($223.69 million) and 220 million euros in the fiscal year ending on March 31, 2026, it said in a presentation to investors, up from 121 million euros in the period ending in March 2024.
While subscriptions are common in other industries, such as music, television and telecoms, eDreams pioneered the model for the travel industry. Paying subscribers have access to additional discounts on airlines and hotel bookings on eDreams' websites.
Over the past few years, the subscription programme has become the company's main driver of profitability.
The company expects to raise its number of paying subscribers to 8.25 million by the end of March 2026 up from 6.5 million at the end of September 2024.
It said it then expects the number of subscribers to rise at least 10% in the following two years.
($1 = 0.9612 euros)
(Reporting by Natalia Siniawski and Javi West Larrañaga, editing by Inti Landauro)
eDreams expects its core earnings to almost double by 2026, projecting cash earnings before interest, taxes, depreciation, and amortization to rise to between 215 million euros and 220 million euros.
The company aims to increase its number of paying subscribers to 8.25 million by the end of March 2026, up from 6.5 million at the end of September 2024.
The subscription program has become the main driver of profitability for eDreams, allowing paying subscribers to access additional discounts and benefits.
eDreams expects the number of subscribers to rise at least 10% in the two years following 2026.
eDreams pioneered the subscription model for the travel industry, which is more commonly seen in sectors like music, television, and telecoms.
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