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February 14, 2013
08:20 EDTOWWOrbitz Worldwide reports Q4 revenue $189.7M, consensus $184.87M
Reports Q4 EPS ($2.96), does not compares to consensus 7c. Q4 net loss was $314.6M, due to a $321.2M non-cash goodwill and intangible asset impairment charge. Reports Q4 adjusted EBITDA grew 19% to $35.9M, driven by higher revenue and adjusted EBITDA margin expansion. Reports Q4 gross bookings $2.47B, down 2% from prior year's quarter, primarily driven by lower air volume, partially offset by higher hotel, vacation package and car rental volumes, higher air fares and a shift in air supplier mix.
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April 14, 2014
09:09 EDTOWWOrbitz board elects Scott Forbes as Chairman
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April 7, 2014
14:18 EDTOWWGoogle licenses booking software from Expedia-backed startup, Bloomberg says
Tech giant Google (GOOG), which has been bolstering its investments in travel, is now licensing hotel-booking software from Room 77, a startup backed by Expedia (EXPE), reported Bloomberg, citing a letter sent to Room 77 shareholders that was obtained by the news service. Other online travel agencies include Priceline Group (PCLN) and Orbitz Worldwide (OWW). Reference Link

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