Skyscanner Revenue
Skyscanner revenue was £261.48 m in FY, 2018
Summary - Funding Rounds
Founding Date | 2003 |
Total Funding | $195.2 m |
Investors | Sequoia Capital, Artemis, Vitruvian Partners, Baillie Gifford, Khazanah Nasional Berhad, Yahoo! Japan, Scottish Equity Partners, Future Fifty |
In total, Skyscanner had raised $195.2 m. Skyscanner is a subsidiary of Trip.com Group
Skyscanner Revenue Breakdown
Skyscanner revenue breakdown by business segment: 74.3% from Flight commissions, 8.2% from Hotel and car hire commissions and 17.5% from Other services
Skyscanner Income Statement
Annual
| GBP | FY, 2008 | FY, 2009 | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 2.1m | 3.6m | 8.8m | 15.3m | 33.5m | 64.8m | 88.6m | 109.9m | 158.3m | 214.2m | 261.5m |
Revenue growth, % | 119% | 96% | 41% | 29% | 32% | ||||||
Cost of goods sold | 512.3k | 1.9m | 2.3m | 4.3m | 8.2m | 14.7m | 29.2m | 46.2m | 76.2m | 100.9m | 137.6m |
Gross profit | 1.6m | 1.7m | 6.5m | 11.1m | 25.3m | 50.1m | 59.3m | 63.8m | 82.1m | 113.3m | 123.9m |
Gross profit Margin, % | 75% | 47% | 73% | 72% | 76% | 77% | 67% | 58% | 52% | 53% | 47% |
Operating expense total | 1.9m | 3.1m | 5.2m | 7.7m | 14.3m | 28.1m | 47.3m | 53.2m | 72.3m | 103.7m | |
Depreciation and amortization | 2.1m | ||||||||||
EBITDA | (330.6k) | (1.4m) | 1.4m | 3.7m | 11.6m | 24.1m | 15.4m | 14.3m | 12.6m | 12.2m | |
EBITDA margin, % | (16%) | (40%) | 16% | 24% | 35% | 37% | 17% | 13% | 8% | 6% | |
EBIT | (338.1k) | (1.4m) | 1.3m | 3.4m | 11.0m | 22.0m | 12.0m | 10.5m | 9.8m | 9.6m | 46.8m |
EBIT margin, % | (16%) | (40%) | 15% | 22% | 33% | 34% | 14% | 10% | 6% | 5% | 18% |
Interest expense | 3.9m | ||||||||||
Interest income | 380.0k | ||||||||||
Pre tax profit | (308.2k) | (1.3m) | 1.3m | 3.4m | 11.0m | 22.0m | 12.6m | 11.0m | 7.3m | 24.1m | 43.0m |
Income tax expense | 58.0k | 79.0k | (1.0k) | (954.0k) | (2.0m) | (2.8m) | (2.7m) | (436.0k) | 17.7m | (5.4m) | (7.3m) |
Net Income | (250.2k) | (1.2m) | 1.3m | 2.4m | 9.0m | 19.3m | 9.9m | 10.6m | 25.0m | 18.7m | 35.7m |
- Source: Company Filings
Skyscanner Balance Sheet
Annual
| GBP | FY, 2002 | FY, 2003 | FY, 2004 | FY, 2005 | FY, 2006 | FY, 2007 | FY, 2008 | FY, 2009 | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 84.5k | 23.6k | 8.7k | 29.4k | 89.6k | 13.3k | 4.1m | 2.5m | 1.1m | 3.5m | 6.3m | 9.3m | 4.5m | 44.3m | 26.9m | 88.4m | 127.5m |
Accounts Receivable | 331.8k | 413.2k | 601.0k | 1.5m | 2.7m | 4.2m | 8.9m | 10.3m | 11.6m | 23.6m | 29.5m | 53.4m | |||||
Inventories | |||||||||||||||||
Current Assets | 116.5k | 53.0k | 63.2k | 130.8k | 322.6k | 345.1k | 4.8m | 3.5m | 3.6m | 7.3m | 14.8m | 31.5m | 41.5m | 65.6m | 67.8m | 141.0m | 183.0m |
PP&E | 2.8k | 5.9k | 5.9k | 7.5k | 14.3k | 26.4k | 49.0k | 118.0k | 344.0k | 566.0k | 2.4m | 7.2m | 7.0m | 5.2m | 3.2m | 4.6m | 4.6m |
Goodwill | 233.0k | 393.0k | 534.0k | ||||||||||||||
Total Assets | 119.4k | 58.9k | 69.1k | 138.3k | 336.8k | 371.5k | 4.8m | 3.7m | 4.0m | 7.9m | 19.8m | 42.3m | 59.3m | 86.3m | 96.2m | 175.2m | 222.4m |
Accounts Payable | 169.0k | 261.3k | 317.0k | 830.0k | 1.0m | 988.0k | 5.1m | 4.3m | 7.4m | 7.1m | 8.9m | 10.3m | |||||
Short-term debt | 47.3m | ||||||||||||||||
Current Liabilities | 58.2k | 29.4k | 36.5k | 45.4k | 129.4k | 169.0k | 521.5k | 609.0k | 1.2m | 2.7m | 3.0m | 9.4m | 12.7m | 26.7m | 67.4m | 93.8m | 70.3m |
Long-term debt | 27.3m | ||||||||||||||||
Non-Current Liabilities | 1.5k | 3.1k | 3.0k | 4.0k | 192.0k | 332.0k | 258.0k | 163.0k | 1.1m | 19.4m | 31.0m | ||||||
Total Debt | 74.7m | ||||||||||||||||
Total Liabilities | 58.2k | 29.4k | 36.5k | 45.4k | 129.4k | 170.6k | 524.6k | 609.0k | 1.2m | 2.7m | 3.2m | 9.7m | 13.0m | 26.8m | 68.4m | 113.2m | 101.2m |
Common Stock | 99.0 | 99.0 | 99.0 | 99.0 | 9.5k | 9.5k | 15.6k | 16.0k | 16.0k | 16.0k | 16.0k | 16.0k | 16.0k | 16.0k | 16.0k | 16.0k | 16.0k |
Retained Earnings | 27.9m | 41.6m | 54.8m | 23.0m | 57.3m | 116.5m | |||||||||||
Total Equity | 61.1k | 29.5k | 32.6k | 92.9k | 207.5k | 200.9k | 4.3m | 3.1m | 2.7m | 5.2m | 16.6m | 32.6m | 46.3m | 59.5m | 27.7m | 62.0m | 121.2m |
Debt to Equity Ratio | 0.6 x | ||||||||||||||||
Debt to Assets Ratio | 0.3 x | ||||||||||||||||
Financial Leverage | 2 x | 2 x | 2.1 x | 1.5 x | 1.6 x | 1.8 x | 1.1 x | 1.2 x | 1.5 x | 1.5 x | 1.2 x | 1.3 x | 1.3 x | 1.5 x | 3.5 x | 2.8 x | 1.8 x |
- Source: Company Filings
Skyscanner Cash Flow
Annual
| GBP | FY, 2008 | FY, 2009 | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (250.2k) | (1.2m) | 1.3m | 2.4m | 9.0m | 19.3m | 9.9m | 10.6m | 25.0m | 18.7m |
Cash From Operating Activities | (1.7m) | 627.0k | 2.9m | |||||||
Dividends Paid | 45.0k | 4.0m | 850.0k | 4.0m | 61.0m | |||||
Cash From Financing Activities | (1.6m) | (2.6m) | ||||||||
Net Change in Cash | (1.6m) | (1.4m) | 2.4m | |||||||
Income Taxes Paid | (2.8m) | (2.7m) | (436.0k) |
- Source: Company Filings
Skyscanner Operating Metrics
| FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | Aug, 2017 | Sep, 2019 | |
|---|---|---|---|---|---|---|---|
Currencies | 70 | ||||||
Flights | 2 m | ||||||
Languages | 30 | ||||||
Locations | 4 | 6 | 9 | 10 | 10 | ||
Mobile Downloads | 30 m | 40 m | 60 m | ||||
Monthly Active Users | 12.90 m | 22.60 m | 30.40 m | 44.90 m | 60 m | 100 m | |
Partners | 200 | 500 | |||||
Total Ticket Value | $7.60 b | $11.30 b | $12.80 b | ||||
User Sessions | 1.14 b | ||||||
Yearly Transported Passengers | 172 m |
