Shares in Web Travel Group (ASX:WEB) staged a resilient comeback on Feb. 9, surging 15.9% to $3.43 by late morning.
The sharp rebound follows a turbulent Feb. 6 session where the global B2B travel marketplace saw its stock plummet 30%, hitting a 52-week low of $2.48.
The initial sell-off was triggered by reports that the company’s Spanish subsidiary is currently under audit by the Spanish Tax Agency’s Special Delegation of the Balearic Islands.
To stabilise investor sentiment, the company issued a formal update today, emphatically reaffirming its full-year FY26 earnings guidance.
Web Travel Group continues to project an underlying EBITDA of between $147 million and $155 million, representing a significant growth of 22% to 29% compared to the prior year.
Managing Director John Guscic characterised the market's Feb. 6 reaction as an "overreaction," clarifying that the audit—which covers direct taxes from 2021–2024 and indirect taxes from 2022–2025—is considered a routine review.
Guscic noted that the company is cooperating fully and would have disclosed the matter earlier if it were deemed "market-sensitive" or material to the group’s record-breaking financial outlook.
The recovery underscores confidence in the company's WebBeds division, which has seen total transaction value soar as it targets a $10 billion milestone by 2030.
At the time of reporting, Web Travel Group's share price was $3.48.