Hostelworld (GB:HSW) has released an update.
Hostelworld Group PLC reports a positive trading update with a 7% year-on-year increase in net bookings, largely due to robust performance in Asia and Central America. Despite a slight drop in net average booking value and net revenue, the company has achieved a 28% increase in year-to-date adjusted EBITDA and boasts a cash-positive balance sheet with all bank debt repaid. This strong financial outcome is attributed to efficient marketing via their social network and a strategic focus on cost control.
For further insights into GB:HSW stock, check out TipRanks’ Stock Analysis page.
