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Expedia, Inc. Announces Second Quarter Financial Results
Expedia, Inc. Announces Second Quarter Financial Results
Renews and Expands Strategic Partnership with Microsofts MSN
BELLEVUE, Wash. - August 2, 2005 - Expedia, Inc. (NASDAQ: EXPEV) today announced financial results on a combined basis for the second quarter ended June 30, 2005.Stock Option Trading The results and discussion which follow relate to the travel and
travel-related businesses, subsidiaries and investments that will
be contributed to Expedia, Inc. as part of the previously announced
spin-off of Expedia, Inc. from IAC/InterActiveCorp (NASDAQ: IACI).
The spin-off is expected to occur next week, with IAC and Expedia,
Inc. beginning trading as independent public companies on August 9,
2005.
Expedia, Inc. - on its own as a stand alone travel services
company - begins officially next Tuesday, said Barry Diller,
Expedia, Inc.s Chairman. This first report of its operations more
than substantiates the strength and growth of the business, and
underscores why having it be pure to travel is in everyones best
interest, for those inside the Company and to its public
shareholders and constituents.
Stamps.com Reports Third Quarter 2003 Financial Results Revenue Up 32% Year over Year; Customer Acquisition Momentum Builds SANTA MONICA, October 29, Stamps.com™ ( STMP) today announced financial results for the third fiscal quarter ended September 30, 2003. Third quarter revenue was up 32% versus the same quarter last year, and up 7% versus the second fiscal quarter of 2003. In addition, the company reported an increase in customer acquisition during the third quarter, particularly with higher value Power Plan customers.
Currency Day Trading We had a strong quarter heading into our spin-off, as we built on our solid foundation as one of the worlds leading travel service companies, said President and CEO, Dara Khosrowshahi. We have a great team in place, our Expedia North American operations are executing solidly, and our gross bookings growth has increased sequentially over Q1 in our international businesses, as well as for the Hotels.com and Hotwire brands. The environment is as competitive as ever, but we are certainly up for it.
Stamps.com Reports Second Quarter 2003 Financial Results Revenue Up 34% Year over Year; Total Postage Printed Up 78% Year over Year SANTA MONICA, Calif. July 24, Stamps.com™ ( STMP) today announced financial results for the second fiscal quarter ended June 30, 2003. Second quarter revenue was up 34% versus the same quarter last year, and up 9% versus the first fiscal quarter of 2003. Total postage printed using the Stamps.com service during the second quarter was up 78% from the same period last year as customer usage of newer Stamps.com features such as NetStamps™ and Shipping Label continues to increase.
Financial Software Trading For more information regarding IAC, Expedia, Inc., the spin-off transaction and the basis of presentation for financial results contained in this release, please refer to The Spin-Off and Basis of Presentation sections below. Please also see Definitions of Non-GAAP Measures and Tabular Reconciliation for Non-GAAP Measures for an explanation of non-GAAP measures used throughout this release.
Company to Host Conference Call on August 14, 30 p.m. Eastern REDWOOD CITY, CA, August 06, - Migo Software, Inc. ( MIGO), a global provider of mobile computing software, announced today that the Company's senior management will discuss the results of operations for the second quarter ended June 30, 2007 during a conference call scheduled for Tuesday, August 14, 2007, 30 p.m. Eastern. The Company's financial results for the quarter are scheduled to be released earlier that day.
Online Stock Trading Company Discussion of Results
Stamps.com Reports Third Quarter 2000 Financial Results Company Makes Significant Cost Cuts; Expects to Save $30 Million Annually Through Recent Headcount Reduction SANTA MONICA, Calif. Monday, October 31, Stamps.com™ ( STMP), today announced that third quarter revenue was $4.2 million, an increase of 14 percent over second quarter revenue. cash charges was $38.5 million, or $0.80 per share based on the 48.3 million weighted average common shares outstanding. term investments ended the third quarter at $290.1 million, or $6 per share.
Forex Day Trading Gross bookings increased 26% for the second quarter 2005 compared with second quarter 2004. Domestic gross bookings increased 17%, and international gross bookings increased 73% versus the prior year quarter. Revenue grew 14% during the quarter, primarily driven by the international merchant hotel business, acquisitions and the air business. Revenue from domestic businesses grew 6%, and revenue from international businesses grew 58%.
Stamps.com Reports Second Quarter 2000 Financial Results Second Quarter Revenue Grows 80 Percent SANTA MONICA, Calif. July 13, Stamps.com today announced that second quarter revenue was $3.7 million, an increase of 80 percent over first quarter revenue. cash charges was $34.4 million, or $0.72 per share based on the weighted average common shares outstanding of 48.0 million. term investments ended the second quarter at $333.6 million, or $7 per share.
Financial In Market Merchant hotel revenues increased 9% for the second quarter, driven primarily by an 8% increase in total merchant hotel room nights stayed, including rooms delivered as a component of packages. Revenue per room night was flat, resulting from a 5% increase in the average daily room rates, offset by a decrease in merchant hotel raw margins (defined as merchant hotel net revenue as a percent of gross bookings).
Stock Trading System Air revenues increased 7% during the quarter, primarily from a 21% increase in air tickets sold, partially offset by an 11% decline in revenue per air ticket.
Day Trading Stock Tip Expedia, Inc.s domestic air and merchant hotel businesses operate in a challenging competitive environment, due primarily to increased competition from third party distributors, increased promotion by suppliers of their own websites and higher overall occupancy rates and load factors. This environment is generally expected to continue.
Financial Forex Forex Software Operating income grew 31% during the quarter, and Operating Income Before Amortization grew 15%, driven by higher revenue due in part to acquisitions and lower sales and marketing expense as a percentage of revenue, partially offset by lower gross margins. Operating income growth exceeded Operating Income Before Amortization growth due to relatively flat amortization expenses. Selling and marketing expense grew by 10%, driven by a 60% increase in international selling and marketing expense as Expedia, Inc. focuses resources on building its international presence and recognition.
Stock Market Trading Net income increased by $25 million and adjusted net income by $23 million for the second quarter, both due primarily to the increase in operating income and interest income, offset by correspondingly higher taxes.
Day Lesson Stock Tip Trading Revenue margins (defined as net revenue as a percentage of gross bookings) decreased by 144 basis points due primarily to lower air revenue per ticket, a higher mix of agency business and lower merchant hotel raw margins. In addition, increased fare prices per air ticket increased gross bookings without a corresponding increase in relatively fixed air revenues. Operating margins, however, remain strongOperating Income Before Amortization margin increased 16 basis points for the second quarter versus the prior year, and 147 basis points excluding the impact of a one-time reversal of a legal settlement benefiting second quarter 2004 results.
Financial System Trading For the twelve months ended June 30, 2005, net cash provided by operating activities was $929 million. Free cash flow (net cash provided by operating activities less capital expenditures) was $876 million. Both net cash provided by operating activities and free cash flow for the twelve months ended June 30, 2005 include $205 million from the increase in accounts payable and accrued liabilities, and $148 million from the increase in deferred merchant bookings.
Day Trading Future Recent Highlights
Financial Forex Market Trading * MSN and Expedia renewed and expanded their strategic
partnership. The new agreement maintains Expedias presence as the
provider of travel shopping services on MSN.com and several
international MSN websites, and broadens the partnership to include
all Expedia, Inc.'s leisure brands, including Hotels.com and
Hotwire.
* International gross bookings, representing Expedia, Inc.s points
of sale in Canada, the U.K., Germany, France, Italy, the
Netherlands, China and other countries, were 22% of second quarter
total gross bookings, up from 16% in the prior year quarter, and
international revenues were 21% of total revenues, up from
15%.
* During the quarter www.expedia.ca, Canadas leading online travel
agency, reached $1 billion in cumulative gross bookings since its
debut in November 1999. Expedia, Inc.s French and Italian websites
combined for over $135 million in gross bookings in their first
full year of operation since debuting in spring 2004.
* Expedia, Inc. continues to add hotel properties to the companys
various points of sale, including the new Wynn Las Vegas. Expedia,
Inc. offers more than 20,000 distinct merchant hotel properties for
booking at Expedia.com, Hotels.com and its other websites.
Thousands of these properties are fully direct-connected, offering
real-time availability, rates and inventory on our websites,
benefiting both Expedia, Inc.s customers and suppliers.
* Expedia.coms lodging customers created over 50,000 hotel reviews
of actual paid stays in just seven months. Traveler reviews join
hotel photos, virtual tours, star ratings and amenity details as
valuable content to help customers better search and choose among
hotel properties for their next trip.
* Budget, Payless and Europcar have been named preferred vendors
for Expedias Platinum Marketing Program. Expedias Platinum
Marketing Program guarantees that travelers booking on Expedia.com
will have access to the same low rates available anywhere else,
including a car rental companys own web site. In addition, there
are specific guarantees of excellent customer care and special
offers for Expedia customers.
* Italy-based MSC Cruises was added to the vast selection of
options for Expedia.coms cruise customers. Expedia.coms Cruise
Price Guarantee assures customers booking a cruise that they will
pay the lowest price for their cruise, or Expedia will match the
competing price and provide a $50 certificate redeemable online for
gift certificates from hundreds
of stores, theatres and restaurants.
* Expedia Corporate Travel (ECT) and Southwest Airlines signed an
agreement in which ECT customers are given the opportunity to book
Southwest when they search for flights within the ECT platform on
city pairs Southwest serves. ECT has reached over 3,000 cumulative
clients, with domestic online adoption of 85%.
* Hotels.com second quarter gross bookings increased 7%, exceeding
$500 million in quarterly gross bookings for the first time in its
history. The company continued to develop its Hotel Expert
re-branding strategy during the second quarter.
* TripAdvisor, the leading global travel information and advice
destination (www.tripadvisor.com), reached an industry milestone,
with two million travel reviews and opinions now posted on the
site, covering more than 200,000 hotels and attractions worldwide.
The reviews and opinions represent a comprehensive resource for
travelers before planning and going on a vacation, weekend getaway
or business trip.
* Classic Custom Vacations, a full-service travel company
specializing in tailoring luxury vacation experiences in Hawaii,
Mexico,
Europe and the Caribbean through
an independent network of offline travel agencies, announced the
upcoming addition of Tahiti to its suite of destinations.
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