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Orbitz Worldwide, Inc. reports US$200 million net revenue in Q1 2015

05/07/2015| 11:08:54 AM| 中文

Orbits reported its net revenue increased 5 percent year-over-year to $220 million or 8 percent on a constant currency basis.

Chicago, May 7, 2015 - Orbitz Worldwide, Inc. today announced results for the first quarter ended March 31, 2015

•  Room nights increased 13 percent year-over-year

•  Net revenue increased 5 percent year-over-year to $220 million or 8 percent on a constant currency basis

•  Net loss was $20.9 million

•  Adjusted EBITDA was $10.8 million

First Quarter Financial Results

Gross Bookings and Net Revenue

Gross bookings increased 1 percent year-over-year to $3.2 billion in the first quarter 2015. This increase was primarily driven by higher hotel, air and car transaction volume, partially offset by lower vacation package volume and lower average booking values per air transaction. Excluding the impact of foreign exchange fluctuations, gross bookings increased 4 percent from the prior year period.

Net revenue increased 5 percent year-over-year to $220.2 million in the first quarter 2015.

•  Standalone hotel net revenue was $83.8 million in the first quarter 2015, up 25 percent year-over-year. Standalone hotel net revenue represented 38 percent of total first quarter net revenue, up from 32 percent in the first quarter 2014.

•  Standalone air net revenue was $63.2 million in the first quarter 2015, down 10 percent year-over-year. Standalone air net revenue represented 29 percent of total first quarter net revenue, down from 33 percent in the first quarter 2014.

•  Vacation package net revenue was $30.2 million in the first quarter 2015, down 8 percent year-over-year. Vacation package net revenue represented 14 percent of total first quarter net revenue, down from 16 percent in the first quarter 2014.

•  Advertising and media net revenue was $15.3 million in the first quarter 2015, up 5 percent year-over-year. Advertising and media net revenue represented 7 percent of total first quarter net revenue in both 2015 and 2014.

•  Other net revenue was $27.6 million in the first quarter 2015, up 9 percent year-over-year. Other net revenue represented 12 percent of total first quarter net revenue in both 2015 and 2014.

Operational Highlights

Consumer Brands

•  During the first quarter 2015, 34 percent of standalone hotel bookings were made via mobile devices across the company’s global consumer brand portfolio, up from 30 percent in the first quarter 2014.

•  The Orbitz Rewards loyalty program recently surpassed 4 million members and continues to drive hotel room night growth.

•  For the second year in a row, the Orbitz mobile app was featured at the Facebook F8 development conference - this year highlighting the use of push notifications to consumers upon airport arrival.

Orbitz Partner Network

•  On April 28th, Orbitz Worldwide launched its loyalty partnership with Bank of America.

Orbitz Partner Services Group

•  During the first quarter 2015, Orbitz Worldwide signed marketing and promotion agreements with Kerzner, Melia Hotels, Millennium Copthorne, Omni Cancun, Red Lion and Rotana.

•  During the first quarter 2015, Orbitz Worldwide signed marketing and promotion agreements with a number of airlines including Nippon Airways, OneJet, Singapore Airlines as well as a new contract with ITA Software by Google for air fare shopping services.

•  During the first quarter 2015, Orbitz Worldwide signed partner marketing contracts with a number of destination marketing organizations including Cape Town Tourism, Catalina Island Tourism, Colorado Tourism, Croatia Tourism, Fort Lauderdale Convention and Visitors Bureau, Grenada Tourism, Destination New South Wales, Pensacola Tourism, Visit Seattle and South Africa Tourism.

TAGS: Orbitz | financial results
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