lastminute.com (LMN) Q3 2026 earnings summary

Executive summary

• Q3 revenue fell 2% to €99.1m amid softer demand, while Adjusted EBITDA rose 7% to €18.4m and net result increased to €7.3m from €1.9m.

• 9M revenue and Adjusted EBITDA each rose 2% to €288.5m and €46.8m; profitability-focused marketing and cost control supported performance.

Financial highlights

• Q3 GTV fell 4% to €972m; gross profit rose 1% to €38.1m, with gross margin up 1.1pp to 38.4%.

• 9M gross profit declined 2% to €112.1m; gross margin was 38.9%, down 1.3pp.

• Q3 net result was €7.3m versus €1.9m; 9M net result was €6.9m, down 29%.

• Q3 revenue was €99.1m, down 2%; 9M revenue was €288.5m, up 2%.

Outlook and guidance

• FY2026 revenue and Adjusted EBITDA are expected to be in line with FY2025, revised from growth guidance of mid-single digits for revenue and mid-single digits to ~10% for Adjusted EBITDA.

• Annual restructuring savings are expected to reach €16.5m, with the full run-rate from Q1 2027; associated P&L charges are complete.

• The remaining €5.6m restructuring provision is expected to be paid in Q4; working-capital impact is expected to reverse by Q4-end.

• Year-end net financial position is expected to be broadly in line with the 2025 level.