Amadeus downgraded to Hold as travel outlook weakens; Air IT and NDC-driven distribution stay resilient but upside is limited ...

Amadeus IT Group is evolving into a fully integrated travel company through its €1.2B acquisition of IDEMIA Public Security.

Earnings call Amadeus delivered 8% constant-currency revenue growth and 12% profit growth in H1 2025, with EBIT and EBITDA outpacing revenue despite FX headwinds and macro/geopolitical challenges.

Earnings call Amadeus delivered strong Q3 2025 results with 8% revenue growth and 9% adjusted EBIT growth year-to-date at constant currency, driven by broad-based segment expansion and margin ...