On the morning of August 23, Beijing time, the online travel search engine Kayak released the second quarter of the 2012 fiscal year’s financial report. This is the first financial report released by the company since the IPO (the first public offering). The report shows that Kayak’s second quarter revenue was $ 76.9 million, an increase of 36%year -on -year; net profit was $ 7.3 million, an increase of 93%year -on -year. Kayak’s second quarter performance exceeded Wall Street analysts expectations, but the stock price fell nearly 3%after the market.
In this fiscal season as of June 30, Kayak’s net profit was $ 7.3 million, and the earnings per share were 19 cents. This performance was better than the same period last year. In the second quarter of FY 2011, Kayak’s net profit was 3.8 million US dollars, with 10 cents per share. Kayak’s second quarter revenue was US $ 76.9 million, an increase of 36%over US $ 56.8 million in the same period last year. Kayak’s net profit in the second quarter increased by 93%year -on -year, the biggest year -on -year increase in company history. Kayak’s operating profit in the second quarter was $ 15.75 million, which was higher than $ 5.74 million in the same period last year.
After the second quarter of Kayak, EBITDA (the net profit before interest, taxes, depreciation and amortization) was US $ 20.6 million, an increase of 85%over US $ 11.1 million in the same period last year. Kayak’s search query in the second quarter was 304 million, which met the company’s previous expectations, an increase of 33%over 229 million times in the same period last year; 57 million of them were performed on mobile devices, an increase of 95%over the same period last year. Kayak’s search query revenue (RPM) per thousand times in the second quarter was $ 253, an increase of 2%over $ 248 in the same period last year.
Kayak’s second quarter performance exceeded the company’s previous expectations, and also exceeded the average expectations of analysts. Kayak’s last S-1 document submitted to the US Securities and Exchange Commission (SEC) before listing predicts that the second quarter revenue was US $ 74.5 million to $ 76 million, and the operating profit was US $ 13.4 million to $ 14.4 million. Wall Street Analysts have an average of $ 75.3 million in the second quarter of KAYAK, with a profit of 18 cents per share.
On the same day, Kayak’s stock price rose 3.07 US dollars in conventional transactions in Nasdaq and closed at $ 30.80, an increase of 11.07%. In the subsequent post -trading transactions, Kayak’s stock price fell 0.80 US dollars to $ 30.00, a decrease of 2.60%. In the past 52 weeks, the highest price of Kayak was $ 35.35 and the lowest price was $ 26.02. (Tang Feng)