Travelport Worldwide (TVPT) Tops Q2 EPS by 11c; Revenues Beat; Reaffirms FY18 EPS/Revenue Outlook
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Travelport Worldwide Limited Reports Second Quarter and Half Year 2018 Results
August 2, 2018 6:45 AM EDTLANGLEY, U.K., Aug. 2, 2018 /PRNewswire/ --Â 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")... More