HomeToGo (HTG) Q4 2024 earnings summary

Executive summary

• Achieved record financial results in 2024, with Booking Revenues up 37% year-over-year to EUR 259.7 million and IFRS Revenues up 31% to EUR 212.3 million, marking the 10th anniversary with significant progress in technology, AI, and market expansion.

• Adjusted EBITDA surged to EUR 12.8 million, a more than 600% increase year-over-year, reflecting improved profitability.

• Expanded into over 30 countries, launched innovative AI-powered features, and formed new partnerships, driving repeat demand and marketing efficiency.

• Marketplace and HomeToGo Pro segments delivered robust growth, with Marketplace GBV exceeding EUR 1.7 billion (+21% YoY) and HomeToGo Pro enabled GBV over EUR 2.6 billion (+29% YoY).

• Announced acquisition of Interhome, Europe’s second-largest vacation rental manager, with consolidation expected from June 2025.

Financial highlights

• Booking revenues reached EUR 259.7 million (+37% YoY); IFRS revenues EUR 212.3 million (+31% YoY); Q4 booking revenues up 70% YoY to EUR 49.9 million.

• Adjusted EBITDA for 2024 was EUR 12.8 million (+616% YoY); Q4 adjusted EBITDA at negative EUR 4 million due to strategic investments.

• Free cash flow improved by 42% YoY, reaching negative EUR 10.3 million for 2024; positive in Q4.

• Ended 2024 with a cash position of EUR 82.7 million.

• Q4/24 IFRS revenues up 45% YoY to EUR 35.6 million.

Outlook and guidance

• 2025 guidance: booking revenues expected to exceed EUR 350 million (35%+ growth), IFRS revenues to surpass EUR 300 million (40%+ growth), and adjusted EBITDA projected at least EUR 35 million (up over 170% YoY).

• Targeting positive free cash flow for the first time in 2025.

• Guidance includes effects of Interhome acquisition, assuming consolidation from June 2025, expected to boost HomeToGo Pro's revenue share to 55%.