HomeAway, Inc. Announces Partnership with Interhome AG to Add Online Bookable Properties
Nov 20 13
HomeAway, Inc. has expanded its distribution partnership with Interhome AG, to add new listings to HomeAway's network via its pay-per-booking product. It is expected that this partnership will add tens of thousands of online bookable vacation rentals to HomeAway(R) in the coming months. Properties will first appear on its U.S. sites, HomeAway.com and VRBO.com, and European sites, FeWo-direkt(R) and HomeAway.co.uk. Interhome's properties will later become available on additional sites around the world, like Abritel.fr in France, as HomeAway rolls out its pay-per-booking functionality. To date, this is the large distribution partnership enabled by HomeAway's pay-per-booking product for property managers, which launched earlier November 2013.
HomeAway, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2013
Nov 6 13
HomeAway, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company's total revenue was $90,148,000 compared with $73,128,000 a year ago. Operating income was $12,817,000 compared with $10,479,000 a year ago. Income before income taxes was $12,665,000 compared with $10,863,000 a year ago. Net income attributable to the company was $8,478,000 or $0.10 per basic and diluted share compared with $5,155,000 or $0.06 per basic and diluted share a year ago. Adjusted EBITDA was $29,046,000 compared with $24,237,000 a year ago. Cash provided by operating activities was $18,704,000 compared with $15,712,000 a year ago. Capital expenditures were $3,655,000 compared with $3,369,000 a year ago. Non-GAAP net income was $16,740,000 compared with $12,116,000 a year ago.
For the nine months, the company's total revenue was $256,220,000 compared with $208,847,000 a year ago. Operating income was $29,396,000 compared with $22,318,000 a year ago. Income before income taxes was $28,261,000 compared with $20,801,000 a year ago. Net income attributable to the company was $19,243,000 or $0.22 per diluted share compared with $10,412,000 or $0.12 per diluted share a year ago. Net cash provided by operating activities was $77,996,000 compared with $70,651,000 a year ago. Purchases of property and equipment were $14,661,000 compared with $14,641,000 a year ago. Purchases of intangibles and other assets were $576,000 compared with $243,000 a year ago. Adjusted EBITDA was $75,692,000 compared with $59,023,000 a year ago. Capital expenditures were $14,661,000 compared with $14,641,000 a year ago. Non-GAAP net income was $42,954,000 compared with $28,992,000 a year ago.
The company provided earnings guidance for the fourth quarter and full year ending December 31, 2013. For the fourth quarter ending December 31, 2013, the company's total revenue is expected to be in the range of $85.5 million to $86.5 million. Adjusted EBITDA is expected to be in the range of $22.6 million to $23.1 million.
For the full year ending December 31, 2013, the company's total revenue is expected to be in the range of $341.7 million to $342.7 million. Adjusted EBITDA is expected to be in the range of $98.3 million to $98.8 million. The company expects that the full year effective tax rate to land in the mid-30s.
HomeAway, Inc. Presents at RBC Capital Markets' Technology, Internet, Media & Telecommunications Conference, Nov-12-2013 08:00 AM
Nov 6 13
HomeAway, Inc. Presents at RBC Capital Markets' Technology, Internet, Media & Telecommunications Conference, Nov-12-2013 08:00 AM. Venue: Hilton New York Hotel, 1335 Avenue of the Americas, 700 8th Avenue, New York, NY 10019, United States. Speakers: Brian H. Sharples, Co-Founder, Chairman, Chief Executive Officer and President, Jen Ford, Director, Investor Relations, Lynn Atchison, CFO.
HomeAway, Inc. Introduces Luxury Rentals from HomeAway
Oct 30 13
HomeAway, Inc. introduced Luxury Rentals from HomeAway, a collection of high-end vacation rentals for travelers seeking the ultimate in luxury accommodations and the privacy, space and amenities of a home. Curated by the international luxury travel experts at Andrew Harper - best known for their luxury travel publication, Andrew Harper's Hideaway Report - the site will have one of the inventories of high-end properties available in one place, featuring more than 800 luxury vacation rental options in 40 countries, and growing. The properties range from villas to estates with a spectrum of standout amenities such as gourmet kitchens, cinemas and wine cellars, as well as over-the-top features including a helicopter landing pad, access to a private yacht and an equestrian center. HomeAway(R) is celebrating the launch of its luxury site with a contest to win a stay at Quinta Clara in Playa Del Carmen, worth up to $18,000. The new collection of vacation rentals comes at a time when spend on luxury travel continues to climb. According to Companies & Markets' 2012 Luxury Travel Report," the luxury travel market is the fast growing segment of the travel industry worldwide, producing nearly a trillion dollars in annual sales in North America alone. In addition to an increase in spend, the 2013 Andrew Harper Reader Survey predicts significant growth in luxury travel as well, with 33% of luxury vacationers planning to travel more next year than in 2013. Before being selected for the site, properties from HomeAway.com are evaluated by the luxury travel experts at Andrew Harper using a proprietary rating system developed exclusively for HomeAway. The rating system is comprised of a 75-point screening process that evaluates attributes such as price, services, location, amenities and more.