Trainline PLC (LSE:TRN) shares jumped 10% in early trading after the company raised its financial outlook for fiscal year 2025, citing robust growth in revenues.
The ticketing specialist reported a 14% year-on-year increase in net ticket sales to £3 billion and a 17% revenue rise to £229 million for the first half of the current financial year.
Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew 44% to £82 million.
In response to continued strong performance and operating leverage benefits, Trainline revised its annual guidance, now expecting ticket sales growth of 12-14%, exceeding previous guidance.
Adjusted EBITDA is forecast to be about 2.6% of net ticket sales, slightly above its previous projection. Trainline will provide more detail in its half-year results announcement on November 7.
The shares were up 35p at 372p.