DAVY VIEW

Hostelworld reported FY24 results this morning. Revenue was down slightly year-on-year due to geographic mix changes, but the group delivered significant margin expansion – which drove impressive aEBITDA growth. It had pre-released the majority of its headline numbers, and there is limited detail on current trading and outlook. However, it does note that booking values returned to growth in Q424 with encouraging trends continuing into 2025. The group will give further detail on its growth strategy and capital allocation on April 29th at its Capital Markets Day.