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Expedia Shares Surge 8% on Q3 Earnings Beat

Expedia Shares Surge 8% on Q3 Earnings Beat Nov. 8, 2024, 7:49 a.m., readers: 10

Expedia Group (NASDAQ:EXPE) saw its stock jump more than 8% in after-hours trading after reporting third-quarter earnings that exceeded analyst forecasts and issuing an optimistic full-year guidance. The online travel giant posted adjusted earnings per share of $6.13, edging past the Street consensus estimate of $6.05, despite revenue slightly missing expectations at $4.06 billion against the projected $4.11 billion. Key metrics showed strong momentum, with gross bookings increasing by 7% year-over-year to $27.5 billion. Room nights booked grew by 9% compared to the previous year, with mid-teens growth in Brand Expedia. Additionally, the company’s B2B segment delivered impressive results, with gross bookings rising 19% and revenue up 18% to $1.2 billion.

About NASDAQ: EXPE

E xpedia Group, Inc. operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites;

Price: 184.92
Market cap: 22.7 billion USD
Eps: 7.68
P/e ratio: 24.08
Focus Analysis On: EXPE