Orbitz Worldwide (OWW) Misses Q3 EPS by 5c

Orbitz Worldwide (NYSE: OWW) reported Q3 EPS of $0.08, $0.05 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $253.1 million versus the consensus estimate of $252.99 million..

Gross bookings increased 14 percent year-over-year to $3.1 billion in the third quarter 2014. This increase was driven by higher
hotel, car, air and vacation package transaction volume and higher average booking values per hotel, vacation package and air
transaction.

Operational Highlights
Consumer Brands
• In August 2014, ebookers launched its rewards program, Bonus+, which is available to consumers across ebookers’ 12
points of sale. The ebookers Bonus+ program gives travelers an opportunity to earn Bonus+ currency when booking hotels,
flights and vacation packages on ebookers and then redeem them instantly on tens of thousands of hotels around the world,
with no blackout dates and no minimum redemption hurdles.
• During the third quarter 2014, 33 percent of standalone hotel bookings were made via mobile devices across the company's
global consumer brand portfolio, up from 27 percent in the third quarter 2013.
• In September 2014, Orbitz.com was named winner of the Outstanding Technology Development Award in the Illinois
Technology Association’s 15th annual awards competition. The award recognized a company or organization that
developed a technology tool, process or service that made a substantial improvement on business metrics and specifically
recognized Orbitz.com for the integration of the Orbitz Rewards loyalty program into the Orbitz.com mobile app.
Orbitz Partner Network
• In November 2014, Orbitz Partner Network signed an agreement with Bank of America that will enable Orbitz Partner
Network to provide a variety of services to one of the largest banks in the world. As the cornerstone of the relationship,
Orbitz Partner Network expects to power the travel rewards program of Bank of America with its proprietary technology to
enable bank customers to use cash as well as their rewards points to make air, hotel and car bookings. Orbitz Partner
Network expects to begin powering the Bank of America site in the first half of 2015.
• In October 2014, Orbitz Partner Network signed a multi-year agreement with Hyatt Hotels to power dynamic packaging on
the hotel brand's vacation package website, HyattTravel.com. Orbitz Worldwide will package Hyatt-branded hotels with air
and car travel products and services that will be available to Hyatt customers through a customized site hosted on Orbitz
Worldwide's private label platform.
• In September 2014, Orbitz Partner Network launched an exclusive multi-year partnership with RIU Hotels & Resorts to
power dynamic vacation package bookings on the hotel brand's website, riu.com, which offers vacation packages to RIU's
properties in Mexico, Central America and the Caribbean. The partnership enables RIU to leverage Orbitz Partner
Network's leading technology platform to provide vacation package capabilities on a highly customized private label site.
Orbitz for Business
• Orbitz for Business entered into an agreement with Concur to enable OFB customers to directly connect with Concur's
expense solution via Concur's Triplink platform.
Orbitz Partner Services Group
• During the third quarter 2014, Orbitz Worldwide signed marketing and promotion agreements with a number of hotel
operators including Dorchester Collection, HMH International, Jetwing Hotels, La Quinta Holdings and Les Hotels
Nouvelle France Group.
• During the third quarter 2014, Orbitz Worldwide signed marketing and promotion agreements with a number of airlines
including American Airlines, Egypt Air, Peruvian Airlines, Precision Air and TAME Ecuador.
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• During the third quarter 2014, Orbitz Worldwide signed partner marketing contracts with a number of destination
marketing organizations including the European Travel Commission, Greater Fort Lauderdale CVB, Illinois Tourism,
Montana Tourism, New Orleans CVB, Ponte Vedra and The Beaches CVB, Savannah Area CVB, Tennessee Department of
Tourist Development, Tourism Fiji and Tourism New Zealand.

Sees FY15 revenue growth in mid-single digits.

For earnings history and earnings-related data on Orbitz Worldwide (OWW) click here.

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