TBO TEK Ltd

TBO TEK Reports 12% GTV Growth 🚀 | Classic Vacations Adds $500M Boost & AI Integration Underway

- 12% growth in Gross Transaction Value (GTV) for Q2 FY26, driven by 20% growth in hotels business.

- Gross Profit (GP) grew by 19%, outpacing GTV growth due to favorable business mix and hotel segment retention.

- Adjusted EBITDA before M&A costs at Rs. 104 Cr, up 16% YoY.

- Classic Vacations acquisition adds ~$500M to TBO’s $3.5B GTV base, with 22% revenue take rate and 11% GP.

- India’s business stabilizes; hotels outperform air travel.

- Strong active agent growth in Europe and Middle East.

- APAC GTV surges 40%, led by Australia.

- AI integration aims to optimize pricing and conversion rates.

- LatAm faces challenges from currency volatility and tax issues.

- Classic Vacations brings access to 1,500 luxury hotels and growth synergies.

- EBITDA growth expected to outpace GP in coming quarters.