Expedia Group Reports on Strong Q1 2024 Financial Results and Outlines Growth Strategies
Friday, 3 May 2024, 02:00
Expedia Group (EXPE) Q1 2024 Earnings Call Transcript
Summary:
- Market Environment: Expedia saw a healthy but normalized market environment for travel globally in Q1 2024.
- Revenue Performance: Revenue and EBITDA beat guidance, driven by a strong performance in advertising and pricing actions.
- Growth Challenges: Slower-than-expected recovery for Vrbo post-migration impacted expected growth rates.
- Future Outlook: Lowering full-year guidance with a focus on improving conversion rates and investing in international growth markets for continued success.
Expedia Group continues to navigate challenges post-migration but remains optimistic about the future with a focus on improving key business areas for sustained growth.
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