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Trainline plc (TNLIY) Q4 2026 Earnings Call Transcript
2026-05-06 · via All Articles on Seeking Alpha

Trainline plc (TNLIY) Q4 2026 Earnings Call May 6, 2026 4:00 AM EDT

Company Participants

Jody Ford - CEO & Executive Director
Peter Wood - CFO & Executive Director

Conference Call Participants

Timothy Ramskill - BofA Securities, Research Division
Gareth Davies - Deutsche Bank AG, Research Division
Edward Young - Morgan Stanley, Research Division
Alastair Reid - Investec Bank plc, Research Division
Lara Simpson - JPMorgan Chase & Co, Research Division
Sean Kealy - Panmure Liberum Limited, Research Division
James Lockyer - Peel Hunt LLP, Research Division

Presentation

Jody Ford
CEO & Executive Director

Good morning, everyone. Thank you for joining us today for our results presentation. It's great to be here. I'm Jody Ford, CEO of Trainline, and I'm joined by Pete Wood, our CFO.

Let's first go through the disclaimer. On to the agenda for today. I'll give an introduction briefly discussing the progress we've made this year and updating you on the regulatory backdrop in the U.K. Pete will talk you through our financial performance. I'll update you on how we're progressing against our strategic priorities, and we'll finish with an overview of our AI strategy, which is becoming a core part of how we compete. After that, we'll open up to the floor for questions.

Trainline is Europe's #1 rail app built on a market-leading customer experience. Our core purpose is to empower greener travel choices. And each of these 3 business units is a leader in its market segment with clear opportunities to scale.

In the U.K., we are the #1 travel app. We are helping to grow the rail market and increasing the value of our 18 million customer base. In international, we are the largest rail aggregator in Europe. We will deploy our proven aggregation playbook across France, Italy and Spain, markets expected to be worth EUR 23 billion by 2030, including EUR 12 billion on aggregated high-speed