Amadeus reports positive earnings, shares optimistic outlook

The technology company confirmed a positive outlook for the remainder of the year, it said while reporting strong financial results

Nov 8, 2023

Amadeus, which provides distribution, payments, marketing, traveler management and analytics software to help power the travel industry, said the first nine months have proven to be positive financially.

Key takeaways

  • Year over year, group revenue was up 23.2% to €4.1 billion, EBITDA rose 33.8% to €1.6 billion and its adjusted profit grew by 67.6% to €875.8 million;
  • For the third quarter of 2023 specifically, Amadeus reported a 14.5% rise in revenue, 21.6% rise in EBITDA and a 43.6% rise in adjusted profit over the same period last year;
  • The company delivered a cautiously positive outlook: “Although we continue to monitor the macroeconomic and geopolitical situation, we can confirm our outlook for the year and remain optimistic about the growth opportunities ahead of us.”

Get the full story at PhocusWire

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