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points Points International Reports Strong Second Quarter 2021 Results - Sustained Performance Improvements Drive Third Consecutive Quarter of Sequential Revenue , Gross Profit and Adjusted EBITDA Growth - - Revenue Increased 152 % on a Year - Over - Year and 58 % Sequentially- - Gross Profit Increased 76 % from the Year - Ago Quarter and 37 % Sequentially- - Adjusted EBITDA Increased 10 X from the Year - Ago Quarter and 283 % Sequentially- - Continued Execution on Pipeline Expands Presence by Geographies and Verticals - TORONTO - August 11 , 2021 - Points International Ltd. ( TSX : PTS ) ( Nasdaq : PCOM ) ( Points or the Company ) , the global leader in powering loyalty commerce , is reporting financial results for the second quarter ended June 30 , 2021 . Unless otherwise noted , all amounts are in USD . The complete second quarter Condensed Consolidated Interim Financial Statements and Management's Discussion & Analysis are available at www.sedar.com and www.sec.gov . " Our second quarter performance continued our momentum from last quarter , with strong sequential and year- over - year improvements across our key financial metrics , " said Rob MacLean , CEO of Points . " We generated over $ 100 million in revenue for the first time since the fourth quarter of 2019 , with growth across gross profit and Adjusted EBITDA¹ also outpacing our expectations . While we have continued to drive transactions through our promotional activity , our services more closely tied to near - term travel also began to reaccelerate as a result of vaccine - related tailwinds . These trends demonstrate the continued progress of our recovery from the lows of the pandemic last year , as well as the resilience of our platform and growth strategy . " We have delivered robust progress on our core growth drivers through deepening our existing engagements , establishing new global partnerships , and enhancing our in - market services through our growing automated marketing capabilities . In addition to further expanding our presence in the Middle East , we have signed a new long term partnership with a prominent carrier in the Asia - Pacific region . We will be launching a number of services with this partner in the coming months and look forward to updating you on the progress . We have also increased our deployments in non - travel verticals , both through further developing pre - pandemic engagements and expanding our services into new types of loyalty programs . Looking ahead , we continue to have a very healthy pipeline of business , and I expect discussions with both new and existing partners to remain positive . " Mr. MacLean concluded : “ Amid ongoing positive industry trends , we recognize that the pace of global recovery remains fluid . We continue to monitor changes in health protocols around the world , especially those related to the Delta variant . Within our business , we remain cautiously optimistic about our growth trajectory for the second half of 2021 , and are encouraged by the strong sequential growth we have generated over the last three quarters . 1 Adjusted EBITDA ( Earnings before income tax expense , depreciation and amortization , foreign exchange , finance costs , share - based compensation expense and other one - time costs such as impairment charges ) is considered by management to be a useful supplemental measure when assessing financial performance . Management also believes that Adjusted EBITDA is an important indicator of the Company's ability to generate liquidity through operating cash flow to fund future capital expenditures and working capital needs . However , Adjusted EBITDA is not a measure of financial performance under IFRS and should not be considered a substitute for Net Income , which we believe to be the most directly comparable IFRS measure . See Non - GAAP Financial Measures section of Management's Discussion and Analysis .