Profitability And MarginsSustained high gross and EBITDA margins with strong revenue growth indicate a scalable, capital-light OTA model that converts sales into profitable cash returns. Durable margins provide capacity to reinvest in product, marketing and Prime, supporting multi-year competitive positioning.
Subscription (Prime) Growth And ModelRapid Prime scale strengthens recurring revenue, increases customer retention and upsell potential, and reduces reliance on one-off bookings. A growing membership base supports predictable lifetime value and reinforcing network effects over multiple years.
Cash Generation And ConversionStrong operating cash conversion and double-digit FCF growth underpin financial flexibility to fund expansion, product investment, and the announced buyback. Reliable cash generation reduces refinancing risk and supports long-term strategic initiatives.