Orbitz first half 2012 results - at-a-glance summary

Orbitz released its first half results for 2012 today. A quick overview follows:

Top-line Q2 2012:

• Net revenue - $201 million (down from $202 million y/y).
• Net income - $4.6 million (down from $8.9 million million y/y).
• Adjusted EBITDA - $32.1 million (down from $38.7 million y/y).

• Net revenue - $391 million (up from $387 million y/y).
• Net income - $-1.9 million (up from $-2 million y/y).
• Adjusted EBITDA - $52.7 million (up from $56 million y/y).

• Air - $67.3 million (down from $69.5 million y/y).
• Hotel - $55.9 million (up from $55.2 million y/y).
• Packages - $36.4 million (up from $33.5 million y/y).
• Media - $15.3 million (up from $13.5 million y/y).

• Air - $139.6 million (down from $142 million y/y).
• Hotel - $105.4 million (up from $100.4 million y/y).
• Packages - $66.6 million (up from $59.3 million y/y).
• Media - $26.7 million (up from $26.3 million y/y).

"Despite a challenging economic environment in Europe in particular, we grew room nights 3%, consistent with the first quarter, led by 28% growth at ebookers. Our US distribution business grew room nights 19%, ahead of the planned launch of our American Express Consumer Travel Network partnership in the third quarter. "Our outlook for the third quarter and balance of the year is impacted by the global economic uncertainty that intensified during the second quarter and has continued into the third quarter. "We continue to see very strong growth in mobile as we deliver new mobile apps and services across our global brands. Mobile, defined broadly to include smartphones and tablets, now represents 20% of Orbitz.com standalone hotel transactions."

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