Helloworld upgrades profit guidance

Strong trading in the company's March quarter has seen TTV grow 150% year-on-year.

HELLOWORLD Travel has increased its guidance after a strong third quarter, with underlying EBITDA expected at $38 million-$42 million, up from $28 million- $32 million.

Underlying EBITDA for Helloworld’s third quarter was $14.2 million, which compares to an underlying EBTIDA loss of $4.9 million in the prior corresponding quarter.

On a year-to-date basis, underlying EBITDA is thus far $29.8 million, compared to a YTD loss of $12.3 million at this point in the 2022 fiscal year.

Total transaction value for the March quarter was $596.2 million, up 150% on the prior corresponding period, while YTD TTV was $1.804 billion, compared to $629.3 million YTD at this point in the 2022 fiscal year – an increase of almost 200%.

Helloworld noted “leisure travel demand continues to hold up strongly despite challenging economic conditions”.

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