Skyscanner: Profit jumps to almost £100m at travel search engine – City A.M.
Profit at travel search engine Skyscanner has rocketed to almost 100m thanks to the final Covid-19 restrictions coming to an end.
The Edinburgh-headquartered business has reported a pre-tax profit of 95.2m for 2023, up from the 31.5m it achieved in 2022.
Newly-filed accounts with Companies House also show its revenue rose from 283.8m to 349.4m over the same period.
In the final year before the Covid-19 pandemic struck in 2019, the firm’s turnover totalled 311.3m and it achieved a pre-tax profit of 48.6m.
Skyscanner said the number of sessions on its site increased by 33 per cent to 2.9bn in the year while 110m users visited its platforms every month.
Flight meta search continued to be its largest revenue stream, representing 78 per cent of its total, down by one per cent.
The company’s net assets surged by 129 per cent compared to 2022 driven by an increase in cash from 1.9m to 45.9m because of stronger trading conditions, an increase in amounts due from related parties and a rise…
The post Skyscanner: Profit jumps to almost £100m at travel search engine – City A.M. first appeared on One SEO Company News.
source: https://news.oneseocompany.com/2024/10/14/skyscanner-profit-jumps-to-almost-100m-at-travel-search-engine-city-am_2024101458590.html
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