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Points (NASDAQ: PCOM, TSX: PTS) has extended its partnership with Marriott Bonvoy, continuing as the exclusive loyalty commerce technology provider for purchasing and gifting points. This collaboration, which began in 2006, has significantly boosted member engagement and revenue for Marriott Bonvoy. New features include the Top-Up solution, allowing members to purchase points seamlessly during the booking process, enhancing loyalty marketing campaigns. Points has already contributed to increased transactions even during pandemic-related travel declines.
Points.com Inc. (Nasdaq: PCOM) will host a conference call on March 9, 2022, at 4:30 p.m. Eastern time to discuss its financial results for Q4 and the full year ending December 31, 2021. The company will release its results before the call, which will include a question-and-answer session. Participants can join via toll-free or international numbers and are encouraged to call in 5-10 minutes early. A replay will be available after the call until March 23, 2022.
Points.com (Nasdaq: PCOM) anticipates achieving a record fourth quarter revenue of approximately $115 million, representing a year-over-year growth exceeding 100%. The gross profit is expected to increase by about 100% year-over-year and by 35-40% sequentially. For the full year 2021, revenue is projected at $370 million, significantly up from $217.4 million in 2020. The company emphasizes its strong performance stemming from core growth drivers and successful partner renewals.
Points.com Inc. announced the successful amalgamation with its subsidiary Points.com Inc. as of January 1, 2022. This strategic move aims to optimize the corporate tax structure, while the company's trading symbols on the TSX and Nasdaq will remain unchanged. Points.com is a leader in loyalty commerce, supporting a network of nearly 60 reward programs worldwide since its inception in 2000. The amalgamated entity operates under the name Points.com Inc.
EVA Air has partnered with Points (Nasdaq: PCOM) to enhance its Infinity MileageLands loyalty program.
This multi-year collaboration aims to boost member engagement and create new revenue streams. Initiatives include the introduction of a Purchase Miles feature, allowing members to buy miles at discounted rates, and the launch of the EVA Mileage Mall, an online shopping platform for earning additional miles. This partnership is set to leverage Points' marketing expertise to create personalized campaigns for better member interaction.
EVA Air has launched a limited-time promotion allowing Infinity MileageLands members to earn up to 65% in bonus award miles when purchasing miles by January 13, 2022. This initiative celebrates a partnership with Points (NASDAQ: PCOM), enhancing the travel experience for customers. Members can purchase up to 150,000 additional miles annually, redeemable for flights within the EVA Air and Star Alliance networks. EVA Air aims to enhance travel convenience post-COVID, as stated by President Clay Sun, highlighting a commitment to safe and enjoyable flying experiences.
Points International Ltd. (NASDAQ: PCOM) has announced a collaboration with Rocket Travel to enhance travel booking experiences for its loyalty program partners. The partnership will see Rocket Travel's white-label hotel and car booking services replace current Points Travel solutions, utilizing Points’ Loyalty Commerce Platform. This initiative is expected to provide a broader range of options and an improved user experience. Points continues to manage loyalty relationships, focusing on creating value for partners and customers in a competitive travel market.
Points International Ltd. (PCOM) reported a substantial 132% revenue increase year-over-year, amounting to $86.9 million for Q3 2021, alongside a 117% gross profit rise, totaling $12.4 million. Despite a minor sequential revenue decline attributed to partner mix, gross profit saw growth for the fourth consecutive quarter. Operating expenses rose due to the end of wage subsidies and increased growth initiatives. The company enjoys strong liquidity with $93.1 million in total funds available. New partnerships and expansions notably position PCOM for future growth as it adapts in a recovering travel environment.
Aeroplan Members can accelerate their loyalty rewards with the new Booster service, allowing points multiplication by up to five times. Powered by Points (NASDAQ: PCOM), members can enhance their balance through travel and non-travel transactions, boosting up to 600,000 points annually, translating to 3 million additional points.
To promote this service, Aeroplan offers up to 30% off the regular boosting rate until December 8, 2021. The collaboration with Points aims to engage members as travel demand rebounds.
Points International Ltd. (Nasdaq: PCOM) will hold a conference call on November 10, 2021, at 4:30 p.m. ET to discuss its Q3 2021 financial results. The company, a leader in loyalty commerce, will release its results prior to the call. Participants can dial in using specific toll-free and international numbers, and the call will include a Q&A session. A replay will be available post-call through November 24, 2021. Points International partners with loyalty programs globally, offering a platform to manage loyalty currency transactions more efficiently.
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