Amadeus IT Group SA

AMS: XMAD (ESP)

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Amadeus Earnings: Demand Stabilizes, but US Government Shutdown Could Weigh on Near-Term Performance

Dan Wasiolek

Nov 7, 2025

Amadeus' third-quarter sales increased 6%. Air bookings grew 4%, driven by a 15% rise in Asia-Pacific. Air and hotel IT solution revenue both increased 5%, aided by a 7% lift in passenger volumes in the Middle East and Africa region. EBITDA margins expanded 110 basis points to 39.9%.

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Amadeus IT Group SA

Amadeus Earnings: Demand Stabilizes, but US Government Shutdown Could Weigh on Near-Term Performance

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