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Qunar Made Dramatic Gains on Mobile Revenue in Q1

Excerpt from Barron's

Skift Take

Qunar’s mobile revenue climbed 414 percent in the first quarter, largely fueled by organic growth. Qunar’s strength in mobile is particularly acute in the hotel sector, where 47.7% of its volumes came from mobile.

— Dennis Schaal

Baidu‘s (BIDU) online travel search site Qunar (QUNR) reported better-than-expected first-quarter earnings.

Qunar’s total revenue came in at $54 million, ahead of the consensus $50.3 million. Earnings per share was $0.03 loss, better than the expected $0.13 loss as well.

Qunar is making progress in mobile, which contributed to 31% of the company’s total revenue in the first quarter, up from about 20% in the fourth-quarter last year. Qunar is also building out a team for group buying, destination ticketing and other services.

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