Amadeus (OTC) ( (AMADY) ) has released its Q3 earnings. Here is a breakdown of the information Amadeus (OTC) presented to its investors.
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Amadeus, a leader in global travel technology, has reported a strong financial performance for the third quarter of 2024, showcasing significant growth across its key business segments. The company, which provides IT solutions for the travel and tourism industry, has seen a double-digit increase in revenue and profitability, driven by strategic partnerships and growing demand for its innovative solutions. Amadeus’ Air Distribution revenue rose by 10% to €2,230.5 million, while Air IT Solutions saw a 16.2% increase to €1,636.2 million. The company’s Hospitality & Other Solutions segment also grew by 12.9%, contributing to a total revenue increase of 12.6% to €4,600.6 million. EBITDA and adjusted profit experienced healthy growth, reflecting the company’s robust operational efficiency. With a solid financial base and strategic investments in new technologies, Amadeus is well-positioned to capitalize on future growth opportunities, maintaining its role as a key player in the travel IT sector.
