Published: May 12, 2026 at 9:44 am
Shares in On the Beach dropped 17% in morning trading after it reported a poor set of half-year results.
The online travel retailer reported a loss before tax of £3.2 million for the six months ended 31st March, compared with profit of £4.5m in the corresponding period last year.
Revenues were £52.2m, down £7.2m, despite a rise in booked total travel value from £611.7m to £626.2m. Adjusted EBITDA halved to £6.4m (H1 25: £12.8m).
However it saw record H1 booking volumes of 324,000, growing by 7% and significantly ahead of the market ‘despite significant industry headwinds’. Its monthly active app users grew 29% while it recently launched its app in ChatGPT and said further AI integrations are set to follow in H2.
It argued that the results ‘demonstrate the resilience of the model given widespread demand disruption from the conflict in the Middle East since 1st March’.