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Expedia Group Inc (NASDAQ: EXPE) |
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Expedia Group Inc Outlook |
On May 3 2024 the Expedia Group Inc provided following guidance
edia Group.
Total revenue for the first quarter of 2024 was $3.05 billion, up 12% compared to the same period last year. This increase was driven by strong performance in our B2B, Brand Expedia, and Advertising segments. Gross bookings for the first quarter were $27.8 billion, a 6% increase year-over-year.
Despite the slower-than-expected recovery in Vrbo, our adjusted EBITDA for the first quarter was $396 million, up 10% compared to the first quarter of 2023. Our earnings per share for the quarter were $2.10, beating expectations.
Looking ahead, we remain confident in our ability to deliver strong financial performance and continue to innovate and drive growth across our portfolio of brands. We are focused on expanding our customer base, investing in technology and marketing, and improving our operational efficiency to drive long-term success.
Expedia Group is well positioned to capitalize on the recovery in the travel industry and we are excited about the opportunities ahead. We are committed to delivering value for our shareholders and providing exceptional experiences for our customers.
In summary, Expedia Group reported solid first quarter results with revenue and earnings beating guidance, despite challenges in the Vrbo segment. We remain optimistic about our future prospects and look forward to continuing to deliver value for our stakeholders.
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On November 2 2023 the Expedia Group Inc provided following guidance
Expedia Group Inc. has released its financial results for the third quarter of 2023, reporting impressive figures that surpassed initial predictions. The company achieved record revenue and profitability during this period, highlighting the enduring demand for travel and the successful implementation of their strategic plans. Expedia Group's business-to-business (B2B) segment showcased continued growth in revenue compared to the previous year, while the even more significant growth occurred in the business-to-consumer (B2C) sector. This accelerated B2C revenue growth signifies the company's ability to attract and retain individual customers. Overall, Expedia Group's Q3 2023 results demonstrate a strong performance and set a solid foundation for future success.
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