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Expedia shares fall as Vrbo weakness weighs on revenue forecast [Yahoo! Finance]
Last expedia group, inc. earnings: 2/13 04:01 pm
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US:NASDAQ Investor Relations: expediainc.com/contact-investor-relations
The company, which is known for its three brands Expedia, Hotels.com and Vrbo, projected full-year revenue growth in the mid-to-high-single digit percentage range late on Thursday, down from a prior forecast of double-digit growth. The company had migrated its Vrbo brand to the Expedia platform along with the rollout of its consolidated loyalty program covering all three brands, in a bid to allow customers to book across nameplates under one platform. While Expedia hoped for a profit boost from the re-platforming of Vrbo, it said the brand was seeing a slower rebound, which weighed on overall bookings. "We had pulled back on Vrbo marketing in the second half of last year... And while we have been ramping that spend and the product has been improving, we have seen a slower-than-expected recovery," outgoing CEO Peter Kern said. At least seven brokerages cut their price targets on Expedia, with Piper Sandler downgrading the stock to "neutral" from "overweight". "The near-term
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NEWS
- Expedia says two execs dismissed after ‘violation of company policy' [TechCrunch][TechCrunch]
- Expedia says two execs dismissed after ‘violation of company policy' [TechCrunch][TechCrunch]
- 2 Expedia Executives Exit After ‘A Violation of Company Policy' [Yahoo! Finance][Yahoo! Finance]
- Expedia Group (EXPE) Aids Travelers & Partners With New Releases [Yahoo! Finance][Yahoo! Finance]
- Out of Home Ad Spend Sees Highest Ever First Quarter Growth, Up 6.8% in Q1 2024 [Yahoo! Finance][Yahoo! Finance]
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EXPE
SEC Filings
SEC Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- EXPE's page on the SEC website
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