Skyscanner profits jump to almost £100m
Skyscanner's profits have soared to nearly £100 million, boosted by the lifting of the last of the Covid-19 restrictions
The Edinburgh-based company, which is owned by Trip.com Group, reported a pre-tax profit of £95.2 million in 2023, up significantly from £31.5 million in 2022. Revenue also increased from £283.8 million to £349.4 million over the same period.
Key takeaways
- Skyscanner saw a 33% increase in site sessions, reaching 2.9 billion during the year, with an average of 110 million users visiting its platforms each month;
- Flight metasearch remained the company's largest source of revenue, accounting for 78% of total revenue, a slight decrease of 1%;
- Flight commission revenue increased from £223.1 million to £271.2 million, while hotel-related revenue increased from £6.9 million to £9.7 million.
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