Trainline’s ticket sales pass £5bn

Trainline has reported over £5bn in ticket sales and strong profit growth for the year.

Operating profit for the 12 months to 29 February 2024 doubled to £56m, with adjusted EBITDA up 42% to £122m or 2.3% of net ticket sales.

Overall net ticket sales grew 22% to £5.3bn, from £4.3bn in the prior year, due to strong European demand and fewer strikes in the UK as well as an increase in people switching to digital tickets.

Net ticket sales in the UK were £3.5bn, 23% higher year-on-year, while international ticket sales surpassed £1bn thanks to 43% growth across Spain and Italy.

“We are becoming the aggregator of choice in the UK and internationally and are delivering strong growth, particularly in those markets liberalising fastest such as Spain,” said Jody Ford, CEO of Trainline.

“With four carrier brands competing across its high-speed rail network, we have doubled domestic ticket sales in Spain for the second year running and significantly grown our market share on the top routes. With new entrant carrier competition set to ramp up in Italy, France and the UK in the coming years, the opportunity grows to create a golden age of rail travel.”