Reduced rail strikes have helped revenues at Trainline surge above City forecasts.
In the 12 months to February, the company said 25 strikes had taken place, a reduction of 5 compares with the year previous.
But they'd been "less severe in their impact", resulting in £397m of revenue, up 21% on the previous year and beating the 15-20% forecasted.
The cost of strikes equated to about £4m a day in the year ending February 2024, a 33% fall on the year prior when strikes cost the company around £6m a day.
Net ticket sales were at the upper end of its forecasts at £5.3m, a 22% jump on the year previous, while British ticket sales were 23% up to £3.4b.
Chief Executive John Ford said: "Trainline is a home-grown British technology success that has scaled beyond domestic borders to become Europe’s most-downloaded rail app. We outperformed expectations this year, growing strongly in the UK and across the Continent.
The 49-year-old added: "Our growth was fastest in Spanish domestic travel, which doubled year-on-year as we position ourselves as the aggregator of choice.
"Trainline’s market share continues to rise on key routes like Madrid-Barcelona, which is now our third most popular route across all countries, including the UK.
"This reflects liberalisation and emerging carrier competition that is set to transform European rail, driving down prices for customers while increasing choice and value."
FTSE 100
The UK's flagship share index, the FTSE 100, was down three-points, at 7,739 shortly after opening this morning.
Brent crude oil futures was down 0.20% today, trading at $85.25 a barrel.
Companies reporting today
- Berkeley - Q4 Trading Statement
- Volution - Half Year Results