Full Year 2025 Hostelworld Group PLC Earnings Call Transcript
Good morning, everyone. I'm delighted to be here to present our 2025 preliminary results on March 26. Today, I'm joined by Caroline Sherry, our CFO; and David Brady, our Head of Commercial Finance and Investor Relations.
So I would like to propose that we move past slide 2 and slide 3 and take those as read, which is disclaimers about Hostelworld, and go directly to slide 5, the key highlights.
So before I take you through the detail, let me give you the shape of the full year numbers. Net bookings were 7 million up 1% year over year. Net average booking value was EUR13.43 up 2%, and that was driven primarily by elevating increasing commission rates from May onwards and also by an improved geographic mix in the second half.
Net revenue was EUR93.8 million, up 2%. But those top-line numbers reflect a year in which the first half was soft and the second half accelerated meaningfully, driven by the commission rate improvement taking effect from May and that improved geographic mix. Three other
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