07:57 AM EST, 11/22/2024 (MT Newswires) -- (Updates with guidance in the fifth paragraph, buyback program updates in the sixth, and the latest stock movement in the seventh paragraph.)

Global Blue Group Holding AG (GB) reported fiscal Q2 adjusted net income Friday of 20.7 million euros ($21.6 million), up from 14 million euros a year earlier.

Analysts' estimates were not readily available for comparison.

Revenue for the quarter ended Sept. 30 was 132 million euros, up from 113.2 million euros a year earlier.

Two analysts surveyed by FactSet expected 127.1 million euros.

The company said it now expects adjusted EBITDA for fiscal year 2024 to 2025 of 185 million euros to 205 million euros, compared with the previous outlook of at least 200 million euros. Analysts' estimates were not readily available for comparison.

Additionally, Global Blue ( GB ) said it increased its ongoing buyback program to $15 million from $10 million and extended it by 9 months through the end of November 2025. As of Nov. 20, the company said it had repurchased about $2.8 million shares, it said.

Shares of the company were down 3.7% in recent Friday premarket activity.