Steven Millward · · 1 min readIn first earnings report after IPO, Chinese travel site Qunar sees $39.4 million in revenue
Baidu-owned travel booking site Qunar (NASDAQ:QUNR) listed publicly at the start of this month, raising $167 million and seeing its stock price nearly double in the first day. Qunar’s price is still riding high today, at $26.53 per share. Now comes Qunar’s first big test. Qunar has revealed its first post-IPO earnings report for Q3 2013, revealing it brought in $39.4 million (RMB 241.1 million) in revenue in that quarter, up 57.5 percent from the previous year.
Mobile e-commerce transactions made up 14.6 percent of Qunar’s total, which is up a rapid 386 percent from a year ago.
Qunar now claims to have 218.2 million users in total. How much profit did it make off of those? Well, Qunar made a net loss of $8 million.
Qunar is up against strong local rivals such as Ctrip (NASDAQ:CTRP) and eLong (NASDAQ:LONG).
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