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)      
UK Consumer 1,812 2,885 3,191
International Consumer 407 934 1,357
Trainline Solutions 302 565 702
Group 2,520 4,384 5,249
Revenue (£m)      
UK Consumer 109 173 186
International Consumer 14 45 63
Trainline Solutions 66 108 125
Group 189 326 374
Adjusted EBITDA (£m)1      
UK Consumer 37 69 75
International Consumer (13) (23) (20)
Trainline Solutions 14 39 48
Group 39 85 103

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

Last updated 9 March 2023. Based on the eleven analysts that have published numbers post the trading update on 14 September 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 Jack Cummings
Deutsche Bank Simon Davies
JP Morgan Marcus Diebel
Liberum Ciaran Donnelly
Morgan Stanley Miriam Josiah
Numis Gareth Davies
Panmure Gordon Alex Chatterton
Peel Hunt James Lockyer
Stifel Mark Irvine-Fortescue
UBS Ivar Billfalk-Kelly