The shares of eDreams dropped more than 16% on the stock market at the end of the session this Tuesday, after the company reported, before the market opened, that its net profit for the first fiscal quarter was reduced to 200,000 euros, far below the 13.6 million euros obtained in the same period of the previous year.
This is the largest stock market crash for the travel agency since November 19, 2025, when its shares lost 41.27% in a single day.
In detail, the shares of the 'online' travel agency plummeted 16.37%, reaching 4.65 euros per share, after starting the session with a decline close to 5%.
In parallel, after the presentation of the first quarter results, Goldman Sachs Group has increased its stake in eDreams to 9.606%, which equates to 10.8 million voting rights, compared to the previously reported 9.370%.
This package breaks down into 4.210% of voting rights associated with shares and 5.396% through financial instruments, with a total value of 50.3 million euros.
On the contrary, UBS Group AG's position in the travel company has decreased from 5.497% to 4.015%, totaling 5.5 million voting rights valued at 21 million euros, composed of 4.004% of voting rights linked to shares and 0.011% through financial instruments.
The decline in eDreams' profit comes during a period of heavy investments, in which the company is raising user acquisition costs and allocating more resources to international expansion and the launch of new product categories, with the goal of accelerating the growth of its Prime subscription service.
In this context, Prime continued to be the main driver of eDreams' growth in its first fiscal quarter, reaching 8.1 million subscribers, 8% more than a year earlier, after adding 173,000 net new subscribers during the period.
Revenue from Prime increased by 1%, reaching 128.4 million euros, while total billing stood at 165.5 million, representing a decrease of 4% compared to the same quarter of the previous fiscal year.
The adjusted gross operating result (adjusted Ebitda) was placed at 28.9 million euros, and the Cash Ebitda reached 23 million, with declines of 41% in both indicators. However, the company emphasizes that these figures exceed market expectations and align with the planned investment phase.
The adjusted net profit of eDreams in the first fiscal quarter was 4.7 million euros, 80% less than the 23.6 million euros recorded in the same period of the previous year.
Looking ahead to the entire fiscal year 2027, eDreams maintains its forecast to close with 8.5 million Prime members and add 600,000 new net subscribers.
The company expects to achieve an adjusted Ebitda of 167 million euros before investments and a Cash Ebitda of 115 million after such investments, with the expectation that both will return to grow year-on-year starting from the fourth quarter.
In the longer term, eDreams retains its plan to achieve 13 million Prime subscribers by March 2030 and exceed 270 million euros in Cash Ebitda.
At the end of 2025, the online travel agency presented a new strategic roadmap with which it aims to increase its Prime member base by 15%-20% annually between fiscal years 2028 and 2030, with the goal of surpassing 13 million in 2030 and reaching a Cash Ebitda of over 270 million euros.