In addition to our regular quarterly earnings coverage, PhocusWire is rounding up results from other big names in the global travel industry.
This week, Indian online travel specialist Yatra reported its Q3 2026 earnings, while tour operating business TUI Group announced its Q1 2026 results. Meanwhile, vacation rental business HomeToGo shared its preliminary unaudited results for Q4 2025, and Singapore-based superapp Grab also reported on Q4.
This roundup was created with the help of ChatGPT.
Yatra
- Adjusted EBITDA: $1.1 million
- Profit: $1.4 million loss
- Revenue: $29 million
Yatra reported strong operational momentum for the quarter ended December 31, 2025, delivering revenue of $29 million, up 9.6% year over year. Total gross bookings were $242 million, reflecting 21% year-over-year growth. Performance was driven by balanced demand across corporate travel, consumer and affiliate channels, supported by expansion in air and improved profitability in hotels and packages.
Corporate travel remained a key growth engine for the company and its integration of Globe Travels progressed effectively, it said, generating supplier synergies, technology enhancements and cross-selling opportunities. Adjusted EBITDA declined 18% year over year to $1.1 million, and the company reported a loss of $1.4 million compared with a profit of $400,000 year over year.
“I am pleased to report that the third quarter marked a period of robust financial and operational performance, with results exceeding our initial full-year growth guidance, despite disruptions in India’s domestic aviation sector and geopolitical developments impacting international travel, particularly traffic to and through the Middle East region,” said Siddhartha Gupta, CEO of Yatra.
TUI Group
- Underlying EBIT: €77 million
- Profit: €3 million
- Revenue: €5 billion
TUI delivered its strongest first quarter on record in financial year 2026, demonstrating operational resilience and strategic momentum in a challenging European market environment. Underlying EBIT increased by €26 million year over year to €77 million, while group revenue remained stable at almost €5 billion.
The group advanced its transformation into a global curated travel marketplace, accelerating growth beyond traditional European source markets. Strategic expansion included the launch of Romania as a new Eastern European source market, continued global hotel development in Africa and Asia and further growth in digital distribution through the TUI app.
Holiday experiences delivered underlying EBIT growth to €214 million, while TUI Musement returned to profitability and the markets and airline division improved operational efficiency and reduced losses. Overall results highlight improving profitability, diversified growth and progress in structural transformation.
HomeToGo
- Adjusted EBITDA: Not disclosed
- Profit: Not disclosed
- Revenue: Not disclosed
HomeToGo exceeded profitability targets in 2025 while executing effectively on the integration of Interhome. IFRS revenues reached €254 to €256 million on a statutory basis, an increase of 20% to 21% year over year. The company said the integration progress has been rapid, with more than €5 million in annualized cost savings realized within five months, placing the group on track to achieve its €10 million short-term cost synergy target.
The company reported booking revenues backlog—booking revenues before cancellation generated in 2025—increased to €119.5M, an increase of more than 9% year over year.
“2025 was a landmark year in HomeToGo’s history,” said Patrick Andrae, co-founder and CEO of HomeToGo. “With the successful acquisition of Interhome, we have not only reached a new level but also demonstrated our ability to integrate and realize synergies faster than planned. Exceeding our adjusted EBITDA guidance on both a statutory and pro-forma basis underlines our commitment to growing our profits.”
HomeToGo will publish results for full year and Q4 2025 on March 19.
Grab
- Adjusted EBITDA: $148 million
- Profit: $153 million
- Revenue: $906 million
Grab Holdings reported a record-breaking fourth quarter for 2025, marking a significant inflection point in its financial and operational performance. Q4 revenue rose 19% year over year to $906 million, driven by strong momentum across both on-demand and financial services segments. On-demand gross merchandise value increased 21% year over year to $6.1 billion, supported by double-digit growth in monthly transacting users and transaction volumes.
The company also achieved a major profitability milestone, delivering $153 million in profit for the quarter, alongside a 54% increase in adjusted EBITDA to $148 million year over year. Operating profit reached $52 million, reflecting improved cost discipline, revenue leverage and reduced general and administrative expenses.