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Peter Kern, former chief executive of US travel giant Expedia, is set to acquire La Perla, the struggling Italian luxury lingerie brand. Italy's industry minister Adolfo Urso confirmed the deal on Tuesday, saying Kern's proposal was the strongest among competing bids.
Expedia Group enhanced its B2B segment, Private Label Solutions, by adding APIs that help its partners build travel packages. The new offerings will provide access to rental cars, bookable experiences, trip protection insurance and air travel, the company said in a Wednesday (May 14) press release.
Expedia shares are plummeting by 7% today after reporting Q1 earnings. Expedia's woes are part of a broader travel industry slowdown.
EXPE's first-quarter 2025 results benefit from an increase in B2B and advertising revenues.
The online travel agency said after a slowdown in demand in the first quarter, April was even softer for domestic travel.
The headline numbers for Expedia (EXPE) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Expedia Group, Inc. (NASDAQ:EXPE ) Q1 2025 Earnings Conference Call May 8, 2023 4:30 PM ET Company Participants Harshit Vaish - SVP of Corporate Development, Strategy & Investor Relations Ariane Gorin - Chief Executive Officer Scott Schenkel - Chief Financial Officer Conference Call Participants Justin Post - Bank of America Deepak Mathivanan - Cantor Fitzgerald Naved Khan - B. Riley Securities Trevor Young - Barclays Eric Sheridan - Goldman Sachs Conor Cunningham - Melius Research Jed Kelly - Oppenheimer Lee Horowitz - Deutsche Bank Operator Good day, everyone, and welcome to the Expedia Group Q1 2025 Financial Results Teleconference.
Expedia (EXPE) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.21 per share a year ago.
Expedia Group posted higher sales in the first-quarter, which came in below Wall Street expectations as results were hurt by what Chief Executive Ariane Gorin said was weaker-than-expected demand in the U.S.
EXPE's first-quarter 2025 results are expected to benefit from international demand and rising advertising revenues, with margins slightly increasing.