Kayak profitable in first quarter as public company

By Danny King

Kayak said its second-quarter profit almost doubled from a year earlier in the travel metasearch company’s first earnings report since going public last month.

Net income rose to $1.42 million from $840,000 a year earlier, as revenue rose 36% to $76.9 million.

For the first six months of the year, Kayak earned $2.6 million, compared with a loss of $9 million a year earlier, when the company took a $15 million impairment charge.

Last month, Kayak raised $91 million in its IPO at $26 a share. The stock was trading at about $30 as of mid-day Thursday.

Follow Danny King on Twitter @dktravelweekly. 

 

CORRECTION: An earlier version of this report gave an incorrect figure for Kayak's previous net income. The correct figure is $840,000.

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