The increase in turnover has been buoyed by record visitor numbers to the site with over 35 million people planning their travels each month via the site. The search engine also revealed a 77% global increase alone in visitors on mobile devices.
Gareth Williams, Skyscanner’s CEO and co-founder said: "With over 80% of visitors to Skyscanner coming from outside our home market, a focus on delivering to the different needs of travellers wherever they are in the world will remain central to everything we do.
"Despite our progress, we still see ourselves as being in the early stages of our development as a company, as well as an industry. There is so much more we want to achieve in online travel and we’ve some exciting plans for the year ahead. If we can really change the way that we solve the questions that travellers need to answer, then we will genuinely be able to achieve significant impact in online travel globally."
The site has further diversified its business in the past 12 months away from flights to travel, with the launch of hotel and car hire apps as well as the establishment of Skyscanner for Business to deliver data-led tools to the travel industry. As a result, the non-flights contribution to overall revenues increased by 47% in 2014.
Skyscanner’s first hotel and car hire apps were launched globally last year, while the firm also acquired leading Budapest-based app developer Distinction to accelerate the growth of its in-house mobile development team.