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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.
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.