Kayak First Post-IPO Earnings: $76.9 Million Sales Beats Expectations

Online travel search engine Kayak today posted its financial results for the second quarter of 2012, its first earnings report as a public company since its well-received initial public offering last month. Kayak pulled in $76.9 million in revenue during Q2, up 36 percent year-over-year from its Q2 2011 sales. Its adjusted EBITDA was $20.6 million, an 85 percent boost from Q2 2011. Its Q2 net income saw the biggest spike year-over-year, at $7.3 million, a 93 percent jump from Q2 2011, representing earnings per share of 19 cents. Its income from operations was $15.75 million.

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