15 November 2007

YTB International Announces Strong 2nd Quarter

CNN Money:
"YTB International, Inc. (''YTB' or the 'Company'), a provider of Internet-based travel booking services for travel agencies and home-based independent representatives in the United States, today announced its financial results for the three and nine-month periods ended September 30, 2007.

Total revenue for the quarter ended September 30, 2007 increased 203.5% to $39.9 million compared to $13.1 million for the third quarter last year. Revenue generated from online travel store sales and monthly fees from Referring Travel Agents ('RTAs') in the third quarter of 2007 was $28.7 million, compared to $9.0 million in the third quarter of 2006. Revenue from travel agency commissions in the third quarter of 2007 was $5.5 million, compared to $2.0 million for the same period last year. Also, training programs and marketing materials revenue increased in the third quarter of 2007 to $3.7 million, from $1.5 million in the prior year quarter.

Net income for the third quarter of 2007 was $2.1 million, or $0.02 per diluted share, compared to a net loss of ($4.4) million, or ($0.05) per diluted share, for the third quarter of 2006."

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1 Comments:

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12/15/2007 08:41:00 PM  

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