Web Travel Group Ltd's stock surged 6.72% during intraday trading on Wednesday, driven by the company's release of better-than-expected fiscal 2026 financial results.
The travel company reported underlying earnings of AU$0.238 per share for the 12 months ended March 31, 2026, surpassing analyst expectations of AU$0.22 and showing growth from AU$0.205 a year earlier. Revenue climbed 20% to AU$394.1 million, also exceeding the AU$380.5 million forecast by analysts.
Further bolstering investor confidence, the company reported underlying group EBITDA increased by 23% to $148.4 million, with net profit after tax rising 8% to $85.9 million. The strong performance across key financial metrics indicates robust business growth despite challenging market conditions.