eDreams ODIGEO: Soaring Profits and Subscriber Growth Drive 70% Quarterly Profit Increase

eDreams ODIGEO, the world's leading travel subscription platform and one of Europe's largest e-commerce firms, has announced record-breaking profitability and robust subscriber expansion in its recent quarter and nine-month results. The Company's subscription model, Prime, has been a significant driver of growth, with subscriber numbers surging by 26% in the third quarter and surpassing 7 million members in February 2025. This rapid expansion has contributed to the Company's remarkable 70% quarterly profit growth, with Cash EBITDA reaching €42.6 million in Q3 2024, up from €25.1 million in the same period last year.

The Company's strong performance is also reflected in its nine-month results, with Cash EBITDA surging by 40% to €123.7 million, compared to €88.6 million last year. This impressive growth is a testament to the success of eDreams ODIGEO's subscription model and its ability to drive consistent profitability gains. The Company's subscription business now contributes 78% of its marginal profit, reflecting the successful shift from transactional to subscription-based revenue.

eDreams ODIGEO's subscription model, Prime, offers unmatched value in the market with flexibility features like the ability to cancel for any reason, freeze prices, and access AI-personalized deals across 700 airlines, millions of hotels, packages, and car rentals. Leveraging the Company's decade-long AI expertise, Prime is powered by over 6 billion daily predictions, anticipating each member's unique needs and driving highly personalized experiences. This sophisticated AI-powered personalization, combined with extensive choice and flexibility, enhances customer loyalty, drives strong subscriber engagement, and creates significant, long-term value.

The Company's success is also evident in its cash generation, which grew 91% to €68.4 million in the nine months, up from €35.9 million last year. This increased financial flexibility allows for future investment and shareholder returns. With these excellent results and Q4 being seasonally the strongest, eDreams ODIGEO 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.

eDreams ODIGEO's CEO, Dana Dunne, commented on the Company's outstanding performance: "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."

eDreams ODIGEO's Prime model has proven to be a game-changer in the travel industry, driving robust subscriber expansion and record-breaking profitability. As the Company continues to innovate and scale its subscription model, investors can expect to see sustained growth and strong returns in the long term.