WEB Travel Group (WEB) H1 2026 earnings summary

Executive summary

• Achieved record TTV of $3.2 billion for H1 FY2026, up 22% year-over-year, with strong organic growth across all regions, especially the Americas.

• Revenue rose 20% to $204.6 million, and WebBeds segment delivered EBITDA of $94.0 million, up 21% year-over-year.

• TTV margin remained stable at 6.5%, above guidance, and EBITDA margin improved to 45.9%.

• Completed demerger of Webjet Group Limited, with business now focused on the B2B WebBeds division.

• Cash position strengthened to $481.1 million following a $150 million share buyback in H2 FY2025.

Financial highlights

• Bookings grew 18% to 5.1 million; TTV up 22% to $3.17 billion; revenue up 20% to $204.6 million year-over-year.

• Underlying Group EBITDA reached $81.7 million, up 17% from $70.0 million in 1H25.

• Statutory NPAT from continuing operations was $26.9 million; underlying NPAT was $48.6 million.

• Expenses increased 19% due to CPI, bonus reintroduction, and investment in hotel contracting.

• Total available liquidity at period end was $699 million, including undrawn facilities.

Outlook and guidance

• FY26 underlying EBITDA forecasted between $147 and $155 million, up 22–29% over FY25.

• TTV margin expected to be at least 6.5% for FY26 and FY27, with EBITDA margin guidance of 44%–47%.

• Trading for the first 7 weeks of 2H26 showed TTV up 23% year-over-year.

• CapEx expected to remain consistent with FY2025; expenses to grow in high single digits.

• Targeting AUD 10 billion TTV by FY2030 and circa 50% EBITDA margin in FY2027.