eDreams ODIGEO Grows Net Income Tenfold to Euro40.3 Million as Prime Reaches 7.8 Million Members
MWN-AI** Summary
eDreams ODIGEO (BME: EDR), the world's leading travel subscription platform, has reported impressive financial results for the first nine months of fiscal year 2026, ending December 31, 2025. The company achieved a remarkable tenfold increase in net income, soaring from €4.1 million last year to €40.3 million, while adjusted net income more than quadrupled to €63.8 million. The surge in profitability is highlighted by adjusted EBITDA, which rose 74% to €138.4 million, reflecting eDreams’ operational efficiency and the strength of its subscription model.
The company’s Prime membership program, a key driver of growth, saw a 13% increase, reaching 7.8 million members as of January 2026, up from 6.8 million in the previous year. This growth not only supports eDreams ODIGEO’s ambitious target of 600,000 new members for the year but also accounts for a significant portion of its cash revenue margin, climbing to 75%.
CEO Dana Dunne attributed the success to the robust AI-powered framework that has transformed eDreams from a traditional transactional business to a comprehensive all-travel platform. The company's strategic roadmap includes targeted investments in new product segments and international expansion, aiming to capture a larger share of the travel market. The plan anticipates a growth in Prime membership to over 13 million by 2030, coupled with a projected increase in Cash EBITDA to more than €270 million.
eDreams is committed to enhancing shareholder value, evidenced by a €100 million share buyback program over the next two years, which has already seen €23 million repurchased. With a focus on accelerated growth and diversification, eDreams ODIGEO is well-positioned for continued success in the evolving travel sector.
MWN-AI** Analysis
eDreams ODIGEO has reported impressive financial results, highlighting its transformation into a leading travel subscription platform. Net income skyrocketed tenfold to €40.3 million, while adjusted net income grew fourfold to €63.8 million. This robust performance is underscored by a remarkable 74% rise in adjusted EBITDA to €138.4 million, driven by an expanding Prime membership base, which increased 13% year-on-year to reach 7.8 million members.
The company’s strategic shift from a traditional flight-centric model to a comprehensive all-travel platform has positioned it for long-term success. Its investments in diversifying product offerings—such as rail travel and flexible payment options—are expected to enhance customer retention and attract new subscribers. This shift, coupled with a strong AI-driven methodology, is likely to enhance revenue quality, as evidenced by the increase in Prime-related revenue contributing to 75% of total cash revenue.
From an investment perspective, eDreams ODIGEO appears to be entering a robust growth phase. With an ambitious target of reaching 13 million members and over €270 million in cash EBITDA by FY30, the company is focusing on sustainable growth over immediate metrics. The ongoing share buyback program, aimed at returning value to shareholders, further enhances its attractiveness.
Investors should maintain a bullish outlook on eDreams ODIGEO, given its operational efficiency, expanding market share, and proactive growth strategy. The market seems to be recognizing its potential, and with a clear roadmap laid out by management, investors can anticipate continued upward momentum. However, as with any high-growth company, potential investors should remain aware of the risks inherent in such expansions, including competition and market fluctuations. Overall, eDreams ODIGEO remains a compelling option for those looking to capitalize on the growing travel subscription market.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
- Net income accelerated from €4.1 million last year to €40.3 million. Adjusted net income more than quadrupled to €63.8 million, from €14.5 million.
- Profitability (Adjusted EBITDA) surged by 74% to €138.4 million from €79.7 million, proving the strong operational health and efficiency of the subscription model.
- Prime membership grew 13% year-on-year from 6.8 million last year, and topped 7.8 million in January 2026.
- On track to meet or exceed full-year guidance for fiscal year 2026.
eDreams ODIGEO (the “Company” or “eDO”) (BME: EDR) (OTC: EDDRF), the world’s leading travel subscription platform, today reported its results for the first nine months of fiscal year 2026, ending 31 December 2025.
The Company reported strong performance for the nine-month period, driven by the growing maturity and increasing profitability of its subscription model. Adjusted EBITDA reached €138.4 million, representing a 74% increase compared to the same period last year with a substantial increase in profit margin. Prime membership grew by 13% year-on-year, increasing by 468,000 in the 9-month period, and has continued to scale to 7.8 million at the end of January, compared to 6.8 million last year. The sustained growth of the subscription business is fueled by the unique market proposition of its AI-led platform. Based on this delivery, eDreams ODIGEO remains fully on track to meet or exceed its full-year guidance for fiscal year 2026.
Investing for accelerated growth
eDO is currently in a high-conviction investment phase, part of a new multi-year strategic roadmap designed to deliver a platform for accelerated growth through fiscal year 2030. Building on a strong foundation, this strategy involves proactive investments in new product segments such as Rail, expansion into new international markets, and the roll-out of flexible monthly and quarterly payment options for the annual subscription fee.
This transition from a legacy flight-focused business to a fully diversified all-travel platform is designed to capture a significantly larger market share and higher-quality revenue streams. While these investments and the move to monthly instalments impact near-term metrics, the strategy is designed to scale the business to reach over 13 million Prime members and more than €270 million in Cash EBITDA by FY30. The Company expects this phase to yield record levels of new members, between 1.5 million and 2 million annually, between FY28 and FY30.
9M FY26 RESULTS HIGHLIGHTS
- Strong operational profitability growth: Adjusted EBITDA grew 74% to €138.4 million in the first nine months, again proving the strength of the underlying business. Net cash from operating activities rose by €31.1 million to €79.1 million.
- Subscriber growth: In the first nine months, the subscriber base increased by 13%, with 468,000 net adds, ensuring the Company remains on track to meet its full-year guidance of 600,000 new members.
- Revenue quality: Revenue Margin grew 3% to €502.8 million. Prime-related revenue now accounts for 75% of the Company's total Cash Revenue Margin, an 8-percentage-point increase over the last year.
- Shareholder commitment: The Company is committed to a €100 million share buyback over the next two years until September 2027. In 3Q FY26, the Company repurchased €23 million, and as of 3rd February, cancelled 12 million shares (9.4% of the share capital).
- Outlook reaffirmed: eDO is on track to meet or exceed its FY26 targets of 7.9 million members, €172.9 million in Adjusted EBITDA, and €155 million in Cash EBITDA. Looking ahead, eDO projects accelerating growth, targeting a 15-20% annual increase in Prime membership between FY27 and FY30.
Dana Dunne, CEO of eDreams ODIGEO, said : “Our results confirm that the robust, AI-powered foundation we have built has successfully transformed eDO from a legacy transactional business into the world’s leading travel subscription. We are now capitalising on this momentum to secure and sustain our long-term global leadership position by evolving into a truly comprehensive all-travel platform. By expanding our verticals and geographic footprint, we are evolving to own the entire traveller journey, and the relationship that comes with it.
Our planned and high-conviction investment phase is a deliberate choice to leverage our unique model and capture an even larger share of the global market. With our strategy’s inherent scalability and our proven track record of meeting ambitious long-term targets, we are firmly set to achieve 13 million members by 2030 and deliver a much better business: faster growing, more profitable, and more diversified.”
About eDreams ODIGEO
eDreams ODIGEO (FT: EDR:MCE) is the world’s leading travel subscription platform. It pioneered Prime, the first and largest travel subscription programme, which has reached over 7.8 million members since its launch in 2017. Prime members gain access to a comprehensive multi-product offering for all their travel needs—including hotels, rail, flights, dynamic packages, and car rentals—compounded by industry-leading flexibility features and exclusive, member-only benefits. This entire experience is powered by a proprietary, industry-leading AI platform that delivers hyper-personalised service to its members . Listed on the Spanish Stock Market, the Company operates in 44 markets through its brands eDreams, GO Voyages, Opodo, Travellink, and Liligo.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260226923703/en/
Media:
E: edreamspressoffice@instinctif.com
T: +(44)07879086840
FAQ**
How does eDreams Odigeo SA EDDRF plan to leverage its AI-led platform to further enhance subscriber growth and overall profitability in the upcoming fiscal years?
What specific strategies is eDreams Odigeo SA EDDRF implementing to expand its market share and customer base as it transitions from a flight-focused business to a comprehensive all-travel platform?
Can you provide more details on how the planned €100 million share buyback will impact eDreams Odigeo SA EDDRF’s financial position and investor sentiment moving forward?
Given the current growth projections, how does eDreams Odigeo SA EDDRF plan to sustain a 15-20% annual increase in Prime membership between FY27 and FY30 while managing the associated operational costs?
**MWN-AI FAQ is based on asking OpenAI questions about Education Realty Trust Inc. (NYSE: EDR).
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