EDR reports robust Q1 driven by Prime growth and recurring revenue
EDR posted Q1 FY27 results ahead of expectations, with Prime members up 8% year-on-year and strong recurring revenue. Strategic investments weighed on profitability, but management links this to margin expansion and positive Cash EBITDA growth from Q4.
Q1 FY27 results delivered ahead of expectations, with Prime members up 8% year-on-year and strong recurring revenue.
Deliberate investments in new markets and products led to lower profitability but set up for margin expansion and positive Cash EBITDA growth from Q4.
Share buybacks and cash generat…