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Hostelworld - Results beat even upgraded guidance

May 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HSW
  • Price:
  • 158.5p
After several upgrades, results here were also duly turbo charged with revenues up 34% to €93.3m and EBITDA of €18.4m, above guidance of €17.5m-18m for EBITDA margins of 19.7%. Net bookings rose 37% to 6.5m with average bookings value down 4% as expected due to a changing mix towards lower bed prices in Asian markets. Crucially, marketing fell from 58% to 50% sales - and just 48% in H2 - thanks to more bookings via its social app, which facilitates opportunities to meet like-minded travellers and book more events. Excitingly, in Q4 ‘23 the percentage of total bookings from social members rose from 54% to 74% year-on-year; as well as increasing the potential for repeat holidays, they make 2.3x the number of bookings over the first ...

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