Hostelworld first-half earnings little changed at €10 million

The company said it remained on track to meet full-year expectations

23rd August, 2016
Hostelworld chief executive Feargal Mooney

Hostelworld has reported first-half earnings of €10.1 million, little changed from EBITDA (earnings before interest, tax, depreciation and amortisation) of €10 million in the same period last year, as it said it remained on track to meet full-year forecasts despite difficult market conditions.

The accommodation booking website said revenue slipped to €40.2 million from €43.9 million in the six months to June 30 while total group bookings...

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