Travelport third quarter 2012 results - at-a-glance summary

Travelport released its third quarter results for 2012 today. A quick overview follows:

Top-line Q3 2012:

• Net revenue - $489 million (down from $509 million y/y).
• Operating income - $27 million (down from $51 million y/y).
• Adjusted EBITDA - $106 million (down from $118 million y/y).

• Net revenue - $1,545 million (down from $1,570 million y/y).
• Operating income - $155 million (down from $196 million y/y).
• Adjusted EBITDA - $366 million (down from $401 million y/y).

• Americas - 41 million (down from 45 million y/y).
• Europe - 21 million (flat against 21 million y/y).
• MEA - 10 million (up from 9 million y/y).
• Asia-Pacific - 13 million (down from 14 million y/y).
• TOTAL - 85 million (down from 89 million y/y).

• Americas - 133 million (down from 137 million y/y).
• Europe - 65 million (down from 66 million y/y).
• MEA - 30 million (up from 29 million y/y).
• Asia-Pacific - 42 million (down from 43 million y/y).
• TOTAL - 270 million (down from 275 million y/y).

"We continue to deliver on our strategy as we report a sixth consecutive quarter of RevPas growth, underlying gross margin improvement and strong cash generation. "In another positive quarter for Travelport, we have further expanded our content offering, increased our customer base, continued the successful deployment of our products and realized significant benefits from our investments in key adjacencies."

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