Web Travel Group (ASX:WEB) reported earnings of AU$0.088 per share for the first half ended Sept. 30, down from AU$0.092 per share in the year-earlier period, according to a Wednesday filing with the Australian bourse.

Analysts polled by Visible Alpha expected EPS of AU$0.096.

Net profit after tax from continuing operations rose 6% to AU$37.5 million from AU$35.4 million a year ago. Analysts surveyed by Visible Alpha expected AU$39.5 million.

Revenue from ordinary activities declined 3% to AU$170.4 million from AU$175.1 million. The consensus estimate compiled by Visible Alpha was for AU$167.6 million.

WebbBeds total transaction value (TTV) climbed 25% to AU$2.59 billion.

Looking ahead, Web Travel said it is on track to deliver AU$5 billion TTV in fiscal 2025.

Separately, the company said it will open an up to AU$150 million on-market share buyback in December. This will reduce potential future dilution from the AU$250 million convertible notes due 2026, as per the filing.