Investing.com -- Spanish online travel booking firm eDreams ODIGEO announced on Friday that it anticipates its core earnings to nearly double by 2026, attributing the increase to the growing number of paying subscribers for its premium service.
The company is projecting its cash earnings before interest, taxes, depreciation, and amortization (EBITDA) to climb to between 215 million euros ($223.69 million) and 220 million euros by the end of the fiscal year on March 31, 2026. This represents a significant rise from the 121 million euros recorded for the period ending in March 2024.
The company also plans to increase its number of paying subscribers from 6.5 million at the end of September 2024 to 8.25 million by the end of March 2026. Following this, eDreams ODIGEO expects the number of subscribers to grow by at least 10% in the subsequent two years.
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