)
HBX Group International (HBX) investor relations material
HBX Group International Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue reached EUR 182 million, up 3% year-over-year (6% in constant currency), with nine-month revenue at EUR 501 million, up 7% (8% in constant currency), despite macroeconomic and geopolitical headwinds.
Total transaction value (TTV) grew 5% in Q3 (8% constant currency) to EUR 2,176 million, with nine-month TTV up 9% (10% constant currency) to EUR 5,546 million, outpacing the accommodation market.
Strategic actions included onboarding 3,000 new hotels, expanding partnerships, and launching new products, including AI-powered services and the integration of The Luxurist into Bedsonline.
Activity was resilient, with a record 7.4 billion daily searches and increased short-term searches as consumer confidence returned.
Early targeted actions and advanced analytics enabled adaptation to shifting travel demand, outperforming the global hotel market in Q3.
Financial highlights
Q3 revenue: EUR 182 million, up 3% year-over-year (6% in constant currency); nine-month revenue: EUR 501 million, up 7% (8% in constant currency).
Q3 TTV grew 5% (8% constant currency) to EUR 2,176 million; nine-month TTV up 9% (10% constant currency) to EUR 5,546 million.
Spain revenue up 4%, Western/Rest of Europe down 3%, U.S. down 3%, Rest of Americas up 15%, MEAPAC up 14%.
Mexico up 12%, Brazil and Dominican Republic up ~33%, Canada up 9%, MiePak up 14%.
Accommodation segment outpaced Mobility & Experiences, driven by higher room night volumes and a shift in geographic mix.
Outlook and guidance
Full-year guidance revised: mid to high single-digit TTV growth and mid single-digit revenue growth, both lower than previous guidance.
Revenue guidance narrowed to EUR 720m–740m (prior: EUR 740m–790m); adjusted EBITDA guidance EUR 430m–440m (prior: EUR 430m–450m).
Adjusted EBITDA guidance narrowed to lower end, implying at least 8% annual growth.
Cash conversion guidance of 100% unchanged; leverage expected at 1.7x adjusted net debt/EBITDA.
Midterm outlook unchanged; early 2026 bookings are encouraging.
Next HBX Group International earnings date
Next HBX Group International earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)