HomeToGo (HTG) Q4 2024 earnings summary

Executive summary

• Achieved record booking revenues of EUR 259.7 million in 2024, up 37% year-over-year, and IFRS revenues of EUR 212.3 million, up 31% year-over-year.

• Adjusted EBITDA surged to EUR 12.8 million, a more than 600% increase year-over-year, with significant profitability improvements across both Marketplace and HomeToGo Pro segments.

• Expanded global footprint to over 30 countries, launched new AI-powered features, and strengthened brand presence through major sponsorships and industry events.

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

• 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).

Financial highlights

• Q4 booking revenues reached EUR 49.9 million, up 70% year-over-year; Q4 IFRS revenues were EUR 34.7 million, up 45%.

• Adjusted EBITDA for 2024 was EUR 12.8 million (margin 6%), up over 616% year-over-year; Q4 adjusted EBITDA was negative EUR 4 million due to strategic investments.

• Free cash flow improved by 42% year-over-year, reaching negative EUR 10.3 million for 2024, but turned positive in Q4.

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

• Q4/24 Marketplace IFRS revenues up 67% YoY; Booking (Onsite) up 163% YoY.

Outlook and guidance

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

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

• Interhome consolidation expected from June 2025, with pro forma IFRS revenue share of HomeToGo Pro rising to ~55%.

• Guidance includes effects of Interhome acquisition, assuming consolidation from June 2025.