Orbitz Worldwide, Inc. (OWW) - NYSE
  • Aug. 6, 2015, 8:44 AM
    • Orbitz Worldwide (NYSE:OWW): Q2 EPS of -$0.04 misses by $0.14.
    • Revenue of $239.59M (-3.4% Y/Y) misses by $14.26M.
    | Aug. 6, 2015, 8:44 AM
  • May 7, 2015, 9:26 AM
    • Orbitz Worldwide (NYSE:OWW): Q1 EPS of -$0.19 misses by $0.22.
    • Revenue of $220.2M (+4.7% Y/Y) misses by $3.93M.
    | May 7, 2015, 9:26 AM | 2 Comments
  • Mar. 25, 2015, 6:12 PM
    • Expedia (NASDAQ:EXPE) and Orbitz (NYSE:OWW) have both received a request for additional information related to the DOJ's antitrust review of Expedia's planned $1.6B acquisition of Orbitz. Naturally, the companies plan to "respond to the second request and to cooperate fully with the DOJ."
    • The deal, together with Expedia's planned $280M acquisition of partner Travelocity, has sparked fears within the industry Expedia will have an oversized position in the U.S. online travel market, thus giving it excessive leverage with hoteliers. Priceline has a larger share overseas.
    | Mar. 25, 2015, 6:12 PM
  • Nov. 6, 2014, 11:37 AM
    • In addition to missing Q3 EPS estimates (while posting in-line revenue), Orbitz (NYSE:OWW) is guiding for 9%-10% full-year revenue growth, below a 10.7% consensus.
    • The online travel agency is also initially guiding for mid-single digit 2015 revenue growth; consensus is at 6.1%. Adjusted EBITDA is expected to grow 8%-10% in 2014, and at a mid-to-high single-digit % in 2015.
    • Gross bookings rose 14% Y/Y in Q3, and hotel room nights 19%. Standalone hotel revenue +26% Y/Y; standalone air +6%; vacation packages +5; ads/media +4%; everything else +17%. U.S. revenue +17% international +7%.
    • Net revenue margin was flat Y/Y at 8%. Cost of revenue rose to 19.6% of revenue from 17.7% a year ago; SG&A spend fell to 28% from 30.6%, and marketing spend (much of it on Google) rose to 36.5% from 33.3%.
    • Bigger rival Priceline recently provided soft Q4 guidance. Likewise, TripAdvisor recently cut its full-year click (search ad) revenue guidance, citing hotel shopper seasonality.
    • Q3 results, PR
    | Nov. 6, 2014, 11:37 AM | 1 Comment
  • Nov. 6, 2014, 9:13 AM
    • Orbitz Worldwide (NYSE:OWW): Q3 EPS of $0.08 may not be comparable to consensus of $0.14.
    • Revenue of $253.14M (+14.6% Y/Y) in-line.
    • Shares -1.89% PM.
    | Nov. 6, 2014, 9:13 AM
  • Aug. 7, 2014, 9:15 AM
    • Orbitz Worldwide (NYSE:OWW): Q2 EPS of $0.06 may not be comparable to consensus of $0.15.
    • Revenue of $248.05M (+9.9% Y/Y) beats by $2.76M.
    • Shares +4.3% PM.
    | Aug. 7, 2014, 9:15 AM
  • Jul. 16, 2014, 4:11 PM
    • Orbitz (NYSE:OWW) plans to sell 20M shares (18% of outstanding shares) on behalf of Travelport Limited through a public offering. Underwriters will have a 3M-share overallotment option.
    • The company also announces it expects to report Q2 revenue of $248M, above a $243M consensus. Q2 adjusted EBITDA was ~$45M (in-line with guidance of $42M-$47M), and stayed room night growth 20% Y/Y.
    • Full Q2 results arrive on Aug. 7.
    | Jul. 16, 2014, 4:11 PM
  • May 5, 2014, 2:55 PM
    • Up premarket after beating Q1 revenue estimates and missing on EPS, Orbitz (OWW -3.5%) has turned negative. With the recent acquisition of Travelocity Partner Network (TPN) providing a top-line boost, Orbitz now expects high-single digit 2014 revenue growth, above prior guidance for low-to-mid single-digit growth. But the company is reiterating guidance for high-single digit adjusted EBITDA growth.
    • Orbitz expects Q2 revenue of $239M-$245M, above a $233.3M consensus, and Q2 adjusted EBITDA of $42M-$47M. The company notes TPN provided a 4% boost to Q1 bookings, even though the deal only closed on Feb. 28.
    • On the CC (transcript), Orbitz faced multiple questions regarding its marketing spend (36.5% of Q1 revenue), and whether it would see leverage as revenue grew. CEO Barney Harford noted the growth of Orbitz's private label ops (inc. TPN) as a percentage of revenue "would have a deleveraging impact on overall margin."
    • Orbitz is far from alone among online travel agencies in spending heavily on marketing - a large chunk of this spending ends up going to Google.
    • With TPN in tow, Q1 groos bookings rose 3% Y/Y to $3.18B. Hotel room nights rose 12%, and standalone hotel revenue 7% to $67.2M. But standalone air revenue only rose 1% to $70.2M. Vacation packages +4% to $32.9M, ads/media +12% to $14.6M, everything else -2% to $25.3M.
    • Q1 results, PR
    | May 5, 2014, 2:55 PM | 1 Comment
  • May 5, 2014, 8:42 AM
    • Orbitz Worldwide (OWW): Q1 EPS of -$0.05 misses by $0.03.
    • Revenue of $210.25M (+3.6% Y/Y) beats by $4.75M.
    | May 5, 2014, 8:42 AM
  • May 4, 2014, 5:30 PM
  • Feb. 28, 2014, 11:51 AM
    • Orbitz (OWW +2.3%) has bought the assets of Travelocity Partner Network, a provider of provide label online travel offerings for e-commerce sites and bank loyalty programs. The unit will be integrated with Orbitz's own partner network.
    • The sale comes less than a year after Travelocity struck a deal with Expedia to put the latter in charge of its travel inventory and tech platforms. Travelocity parent Sabre has filed for a $100M IPO.
    • Orbitz doesn't expect the purchase to "have a material impact" on 2014 adjusted EBITDA.
    | Feb. 28, 2014, 11:51 AM | 1 Comment
  • Feb. 13, 2014, 1:21 PM
    • A day after rallying in response to TripAdvisor's strong Q4 report and guidance, Priceline (PCLN +2%) and Expedia (EXPE +2.2%) are following Orbitz (OWW +29.4%) higher. The travel site has skyrocketed in response to a healthy Q4 beat. Also helping: 10% of Orbitz's float was shorted as of Jan. 31.
    • Orbitz, pummeled in November following a Q3 EPS miss, is guiding for Q1 revenue of $202M-$207M (below a $207.3M consensus) , and for low-to-mid single-digit full-year revenue growth (consensus is for 3.7% growth). Full-year adjusted EBITDA is expected to grow at a high-single digit rate.
    • Gross bookings rose 4% Y/Y in Q4 vs. 5% in Q3, and net revenue margin rose 30 bps Y/Y to 8%. Standalone hotel revenue +18%, standalone air -11%, vacation packages +16%, ads/media -2%, everything else -3%.
    • Much like its peers, Orbitz is spending heavily on advertising: Marketing spend rose to 32.1% of revenue from 29.4% a year ago.
    • Priceline might also be getting a lift from a Credit Suisse PT hike.
    • Orbitz's earnings release
    | Feb. 13, 2014, 1:21 PM
  • Feb. 13, 2014, 8:47 AM
    • Orbitz Worldwide, Inc. (OWW): Q4 EPS of $0.05 beats by $0.02.
    • Revenue of $197.4M (+4.2% Y/Y) beats by $6.23M.
    | Feb. 13, 2014, 8:47 AM
  • Feb. 13, 2014, 12:05 AM
    | Feb. 13, 2014, 12:05 AM | 3 Comments
  • Feb. 12, 2014, 5:30 PM
Company Description
Orbitz Worldwide Inc is an online travel company. It provides a platform to research, plan & book a travel products & services including hotels, flights, vacation packages, car rentals, cruises, travel insurance, destination services & event tickets.
Sector: Services
Industry: General Entertainment
Country: United States