Expedia is a top value-oriented rebound play, with shares up ~60% from YTD lows, driven by strong Q3 bookings and the One Key loyalty program. Expedia trades at a ~15x forward P/E ratio, cheaper than rivals Booking Holdings and Airbnb, despite similar growth and high EBITDA margins. Expedia's diverse brand portfolio, One Key rewards program, and new leadership focused on profitability bolster its long-term investment case.
Shares of Expedia Group, Inc. EXPE are climbing following reports of a potential buyout.
Expedia Group, Inc. EXPE reported better-than-expected third-quarter adjusted EPS results on Thursday.
EXPE's third-quarter 2024 results benefit from an increase in B2B and advertising revenues.
While the top- and bottom-line numbers for Expedia (EXPE) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Expedia Group is prioritizing digital engagement and personalized customer experiences as key drivers of growth. The company's third-quarter financial results reflect a strategic focus on technology and customer loyalty initiatives, particularly through its mobile app and its loyalty program, One Key.
Expedia Group, Inc. (NASDAQ:EXPE ) Q3 2024 Results Conference Call November 7, 2024 4:30 PM ET Company Participants Harshit Vaish - SVP of Corporate Development, Strategy & Investor Relations Ariane Gorin - Chief Executive Officer Julie Whalen - Chief Financial Officer Conference Call Participants Lee Horowitz - Deutsche Bank Deepak Mathivanan - Cantor Fitzgerald Trevor Young - Barclays Conor Cunningham - Melius Research Naved Khan - B. Riley Austin Riddick - Evercore ISI Jed Kelly - Oppenheimer Anthony Post - Bank of America Operator Good day, everyone, and welcome to the Expedia Group Q3 2024 Financial Results Teleconference.
Expedia Group topped profit expectations and met revenue estimates for its third quarter, reporting $4.
Expedia (EXPE) came out with quarterly earnings of $6.13 per share, beating the Zacks Consensus Estimate of $6.10 per share. This compares to earnings of $5.41 per share a year ago.
Online travel platform Expedia on Thursday beat Wall Street estimates for quarterly profit, helped by strong international travel demand, and said CFO Julie Whalen will step down likely before the mid of February, 2025.
Shares of Expedia Group Inc. rallied after hours on Thursday after the travel-booking platform boosted its full-year outlook, helped by consumer demand and growth in advertising and its segment geared toward businesses.
Expedia chairman Barry Diller told CNBC on Monday that a rumored acquisition of Uber is “just not going to happen.