FlixBus owner reports 30% revenue growth in 2023

Flix SE, the global travel technology company that owns FlixBus, ended 2023 surpassing the €2 billion mark in annual revenues for the first time, corresponding to 30% growth.

The company achieved earnings before interest, taxes, depreciation and amortization (EBITDA) of €104 million, representing an increase of €97 million compared to 2022.

In 2023, the company carried a total of 81 million passengers to more than 5,600 destinations. In Europe, Flix SE recorded a 41% increase compared to 2022 in the number of passengers carried, reaching 55 million. In the United States, Canada and Mexico, growth reached 36%, reaching 12 million people. In Turkey, 12 million people were transported by Flex, an increase of 8%.

The company's revenues increased by 46%, equivalent to 1,186 million euros in Europe. North America recorded a growth of 11% to reach 615 million euros.

The company continues to focus on its global expansion, after launching in Chile in October, and this entry has been a success. At the beginning of February this year, the company began operating in India, providing 200 daily connections to 46 cities.

“Our strong annual results prove that we have the right strategy, one that we have meticulously executed over the past 11 years,” said Andre Schwamlein, co-founder and CEO of Flix.

“Last year's performance confirms Flix's success story as a global leader in travel technology. Taking our technology base as a starting point, we want to strengthen our position as a global leader, promoting sustainable and accessible travel for all,” highlights the CEO.