Expedia Group Reveals Impressive Q1 Earnings with Revenue Growth of 8%

Friday, 3 May 2024, 12:46
Expedia Group (NASDAQ: EXPE) reported a significant increase in revenues for Q1, while achieving a transition to net profit on an adjusted basis from a loss previously. Amidst various business segment performances, total gross bookings showed a 3% year-over-year growth. With CEO Peter Kern's statement on future expectations, Expedia navigates a diverse outlook with projections for modest top-line growth for the remainder of the year.
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Expedia Group Reveals Impressive Q1 Earnings with Revenue Growth of 8%

Highlights

Expedia Group (NASDAQ: EXPE) reported an increase in revenues for the first quarter of 2024. The travel company managed to turn a profit in Q1, transitioning from a loss in the previous year.

Financial Performance

  • March-quarter revenues rose by 8% year-over-year to $2.89 billion.
  • Gross bookings increased 3% annually to $30.16 billion.
  • Earnings reached $0.21 per share on an adjusted basis.

Expedia CEO Peter Kern expressed optimism for the upcoming quarters, acknowledging key opportunities and challenges within the business segments, notably emphasizing the centrality of the B2C sector's growth going forward.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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