Despite Trainline's announcement of ticket sales nearing the £6bn mark on its platform, the company's shares continued to slide on Wednesday.
The London-listed firm has seen its stock price tumble by over a third this year amid worries about the government's intention to introduce a competing state-owned service, as reported by .
Trainline has declared it is adopting an "increasingly assertive stance" in discussions with Labour regarding competition and equity in the retail market.
The company also anticipates "level playing field safeguards" for retailers, akin to those in other sectors and "supported by the CMA."
The outcome of a public consultation on these plans is expected to be released by early autumn.
Despite the share price dip of nearly six per cent by mid-morning on Wednesday, the company reported a positive financial performance.
On an adjusted basis, earnings before interest, taxation, depreciation and amortisation (EBITDA) climbed 30 per cent to £159m last year.
Revenue also saw an 11 per cent increase to £442m.
Trainline's European operations are becoming a key element of its expansion strategy, with sales forecasted to hit 12bn (£10.2bn) by 2030.
"Our sustained investment in tech innovation over the last three decades is delivering for customers, driving industry growth and is reflected in our performance with net ticket sales up 12% year-on-year to £6bn," CEO Jody Ford commented.
He highlighted Spain as a successful model for the company's European ventures, noting that "Spain offers a powerful blueprint for Europe, where net ticket sales have nearly tripled in two years.
"In the º£½ÇÊÓƵ we remain the number one travel app and continue to innovate, including leveraging AI, to shift more people towards greener, digital-first rail travel, which now represents over 50% of industry ticket sales."
