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Travelport Worldwide Limited Reports Second Quarter and Half Year 2018 Results

Travelport Worldwide Ltd (TVPT)  More Company Research Source: PR Newswire
Last travelport worldwide ltd earnings: 11/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.travelport.com
PDF LANGLEY, U.K., Aug. 2, 2018 /PRNewswire/ -- Travelport Worldwide Limited (NYSE: TVPT) today announced its financial results for the second quarter and half year ended June 30, 2018. Key Points (for the second quarter unless stated otherwise) Net revenue increased 8% to $662 million Net income decreased $27 million to $7 million, primarily driven by unfavorable movements on foreign currency derivative contracts; Adjusted EBITDA increased 7% to $157 million Travel Commerce Platform revenue increased 9% to $638 million; Technology Services revenue decreased 15% to $24 million, largely due to the sale of IGT Solutions Private Ltd. ("IGTS") during Q2 2017 Beyond Air revenue increased 21% to $194 million, contributing 30% of Travel Commerce Platform revenue (Q2 2017: 27%); eNett net revenue increased 82% to $81 million Income per share (diluted) decreased $0.23 to $0.05; Adjusted Income per Share (diluted) increased $0.01 to $0.41 Net cash provided by operating activities increased 43% to $ [Read more]

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