Based on our discussions with the sell-side analysts who publish research on Trainline shares, our understanding of current market consensus is as follows:

  FY2022A FY2023F FY2024F
       
Net ticket sales (£m) 2,520 4,531 5,319
       
Revenue (£m) 189 328 374
       

Adjusted EBITDA (£m)1

39 89 106


1 Adjusted EBITDA excludes exceptional items and share-based payment charges.

Last updated 8 August 2022. Based on the nine analysts that have published numbers post the trading update on 6 July 2022.

The financial forecasts presented above have not been prepared by and are not endorsed in any way by Trainline plc (“Trainline”). Trainline has not verified or commented on any individual estimates, nor does it intend to do so in the future. Trainline assumes no responsibility to update, revise or otherwise comment on any of the information contained in these forecasts. It should be noted that financial forecasts are, by definition, forward looking, and are therefore subject to various risks and uncertainties which are subject to change at any time.

Analysts covering Trainline

Sell-side house Analyst
Barclays Andrew Ross
Berenberg Owen Shirley
Deutsche Bank Simon Davies
JP Morgan Marcus Diebel
Liberum Ciaran Donnelly
Morgan Stanley Miriam Adisa, Navina Rajan
Numis Gareth Davies
Panmure Gordon Alex Chatterton
Peel Hunt James Lockyer
Stifel Mark Irvine-Fortescue
UBS Ivar Billfalk-Kelly