Travelport released its third quarter 2011 results today. A quick overview is as follows:
- Net revenue – $509 million (up from $488 million y/y).
- Operating income – $51 million (down from $75 million y/y).
- Adjusted EBITDA – $118 million (down from $135 million y/y).
2011 year-to-date:
- Net revenue – $1,570 million (up from $1,544 million y/y).
- Operating income – $196 million (down from $229 million y/y).
- Adjusted EBITDA – $401 million (down from $430 million y/y).
President and CEO Gordon Wilson says:
“We continue to gain momentum on our commercial objectives of enhanced travel content aggregation, the deployment of new point of sale technologies for travel agencies and travel product suppliers, and expanding our geographic and customer segment footprints.
“I am pleased to report solid results for the quarter, with revenue up 4%, volume up 3% and Adjusted EBITDA in line with management expectations despite the uncertain economic climate in many key geographies.”
