Travelport Worldwide (TVPT) Tops Q3 EPS by 2c, Revenues Miss; Offers FY18 EPS/Revenue Guidance

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Go back to Travelport Worldwide (TVPT) Tops Q3 EPS by 2c, Revenues Miss; Offers FY18 EPS/Revenue Guidance

Travelport Worldwide Limited Reports Third Quarter 2018 Results

November 1, 2018 6:45 AM EDT

LANGLEY, U.K., Nov. 1, 2018 /PRNewswire/ -- Travelport Worldwide Limited (NYSE: TVPT) today announced its financial results for the third quarter and nine months ended September 30, 2018.

Key Points (for the third quarter unless stated otherwise)

Net revenue increased 2% to $623 million Net income increased 25% to $6 million; Adjusted EBITDA increased 2% to $139 million Travel Commerce Platform revenue increased 2% to $598 million Beyond Air revenue increased 14% to $193 million, contributing 32% of Travel Commerce Platform revenue (Q3 2017: 29%); eNett net revenue increased 58% to $86 million Income per share (diluted)... More