Expedia Group topped expectations for its second quarter, with $3.6 billion in revenue, up 6% year-over-year, and profits of $386 million. Gross bookings reached $28.8 million, up 6%, and room nights booked grew 10% to $98.9 million.
Expedia stock was lower despite strong Q2 results, after the company warned of softening demand for travel.
Expedia (NASDAQ: EXPE), a travel company providing everything from airline tickets, hotel rooms, and car rentals, to cruises, is scheduled to announce its fiscal second-quarter results on Thursday, August 8. We expect Expedia's stock to likely see little to no movement with revenues and earnings matching consensus estimates in Q2 results.
Expedia Group's (EXPE) second-quarter 2024 results are expected to reflect gains from growing momentum across B2B, Brand Expedia and advertising businesses.
Besides Wall Street's top -and-bottom-line estimates for Expedia (EXPE), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
The Expedia (EXPE) stock price nosedived on Friday, joining other Wall Street companies in their deep sell-off. It crashed to a low of $113.1, its lowest point since June 6th and by over 27% from its highest point this year, meaning that it has moved into a deep bear market.
Expedia (EXPE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Investors with an interest in Internet - Commerce stocks have likely encountered both Expedia (EXPE) and Chewy (CHWY). But which of these two stocks presents investors with the better value opportunity right now?
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Expedia Group (EXPE) partners with Wells Fargo and Mastercard to unveil One Key credit cards in a bid to aid U.S. travelers.