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Why Expedia Stock Was Falling Double Digits Today [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 stock was down 13.4% as of 11:28 a.m. ET. Expedia delivers solid results but sees slowing growth Expedia posted 8% revenue growth to $2.89 billion, which topped the consensus estimate at $2.81 billion, however, bookings growth was a bit light, foretelling slowing growth in the key summer months. The company also cited weakness on its Vrbo vacation rental service as it brought the site onto Expedia's platform, allowing Vrbo customers to take advantage of Expedia's loyalty program. Gross bookings rose just 3% to $30.2 billion in the quarter even as booked room nights were up 7% to 101.2 million, showing that price per room night came down. Adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) jumped 38% to $255 million, and adjusted earnings per share improved from a loss of $0.20 in the quarter a year ago to a per-share profit of $0.21, which was well ahead of the analyst consensus at a loss of $0.24. CEO Peter Kern said: Our first-quarter
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- 2 Expedia Executives Exit After ‘A Violation of Company Policy' [Yahoo! Finance][Yahoo! Finance]
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SEC Filings
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- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
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