lastminute.com N.V.

Latest Results (09.11.2025):

Lastminute.com N.V.'s Q3 2025 report reveals robust performance with accelerated revenue growth and operational efficiencies. The company posted Managerial Revenues of €101.3 million (up 17% year-on-year) driven by strong contributions from the Packages, Flights, and Hotels segments. While Adjusted EBITDA climbed 35%, discipline in cost management and restructuring drove fixed cost reductions, even as non-recurring impairments impacted EBIT, leaving the quarter with a positive net result of €1.9 million.

Strong Revenue Growth

In Q3 2025, Lastminute.com N.V. achieved Managerial Revenues of €101.3 million, representing a 17% increase versus Q3 2024. The Packages segment led the charge with €65.7 million in revenues, while both Flights and Hotels also delivered strong double-digit growth.

Solid Segment Performance

The Packages segment generated €26.7 million in Gross Profit (+10% YoY), Flights posted a Gross Profit increase of 14% on €6.7 million, and Hotels reached €3.4 million in Gross Profit with a 10% year-on-year rise. This balanced performance across key segments underscored effective margin management and strategic portfolio optimization.

Improved Operational Efficiency

Cost control measures proved effective in Q3 2025 as fixed costs declined by 6% to €20.6 million, aided by a 21% reduction in operating costs due to reorganization efforts from Q2. Adjusted EBITDA surged 35% to €17.2 million and Adjusted EBITDA - Capex demonstrated robust cash conversion, growing 68% to €12.1 million.

Profitability and Impact of Non-Recurring Items

Despite the positive trends in revenue and EBITDA, EBIT fell 55% to €4.0 million due to non-cash impairments and the early cost impacts associated with new capitalized projects. Nevertheless, Lastminute.com N.V. maintained a positive net result of €1.9 million in Q3 2025, with underlying growth suggesting resilience once one-off items are adjusted out.