Overview
- Expedia raised its full-year targets to 6–7% revenue growth and 7% gross bookings growth, and its stock climbed about 15% after hours.
- The company reported adjusted earnings of $7.57 per share versus a $6.92 consensus, with total gross bookings up 12% to $30.7 billion.
- B2B bookings rose 26% to $9.38 billion, reflecting expanding relationships with travel agencies and other partners.
- Room nights increased, including high single-digit growth in the U.S. for the fastest pace in over three years, while Asia exceeded 20%.
- Adjusted EBITDA grew 16% with 208 basis points of margin expansion, and the company executed $451 million in buybacks and declared a $0.40 quarterly dividend.