Hostelworld Group PLC - Dublin-based online booking platform - Continues to see strong booking and revenue momentum, enabled by its "innovative and differentiated social network strategy." Says revenue in October more than doubled from 2019 levels and it expects revenue recovery in November to improve further.
In 2022, Hostelworld expects to deliver revenue of around EUR70 million and adjusted earnings before interest, depreciation and amortisation of around EUR1 million. In 2021, it posted revenue of EUR16.9 million and an adjusted Ebitda loss of EUR17.3 million.
Current stock price: 96.10 pence
12-month change: up 47%
By Sophie Rose; sophierose@alliancenews.com
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Hostelworld (HSW)