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Stock impact report

Expedia Group Reports First Quarter 2024 Results

Expedia Group, Inc. (EXPE) 
Last expedia group, inc. earnings: 2/13 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: expediainc.com/contact-investor-relations
Company Research Source: Business Wire
Posts strong first quarter revenue and profitabilityRevenue grew 8% y/y with margin expansionAccelerated level of share repurchases at $786 million year-to-date SEATTLE--(BUSINESS WIRE)--Expedia Group, Inc. (NASDAQ: EXPE) announced financial results today for the first quarter ended March 31, 2024.“Our first quarter results met our guidance with a revenue and earnings beat but with less robust gross bookings. We saw continued momentum in B2B, Brand Expedia and Advertising. However, Vrbo’s recovery following the recent re-platforming has been slower than anticipated, which has put pressure on gross bookings,” said Peter Kern, Vice Chairman and CEO, Expedia Group. “As we enter the second quarter, we are seeing some acceleration in the rest of our B2C business and expect it to continue throughout the year. But given the Vrbo drag and the rate of acceleration in B2C thus far, we are lowering our full year guidance to a range of mid to high single digit top line growth with margins rela Show less Read more
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