Travelport Worldwide Limited Reports Fourth Quarter and Full Year 2018 Results
TRAVELPORT WORLDWIDE LTD (TVPT)
Last travelport worldwide ltd earnings: 2/22 06:45 am
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US:NYSE Investor Relations:
ir.travelport.com
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Source: PR Newswire
LANGLEY, U.K., Feb. 22, 2019 /PRNewswire/ -- Travelport Worldwide Limited (NYSE: TVPT) today announced its financial results for the fourth quarter and full year ended December 31, 2018.Key Points (for full year 2018 unless stated otherwise)Net revenue increased 4% to $2,551 million, including Travel Commerce Platform revenue growth of 5% to $2,454 million Net income decreased 46% to $75 million; Adjusted EBITDA was flat at $590 million Income per share (diluted) decreased 50% to $0.57; Adjusted Income per Share (diluted) increased 1% to $1.46 Payment Solutions (eNett) net revenue grew 63% to $315 million Net cash provided by operating activities increased 15% to $364 million; Free Cash Flow increased 10% to $220 million Fourth quarter net revenue increased 3% to $589 million; net income decreased 93% to $3 million; and Adjusted EBITDA increased 1% to $140 millionGordon Wilson, President and CEO of Travelport, commented:"I am pleased to report that we ended the year with all of our fu
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