Categories AlphaGraphs, Earnings, Other Industries

EXPE Earnings: Expedia reports adj. profit for Q1; revenue rises 8%

Expedia Group (NASDAQ: EXPE) has reported an increase in revenues for the first quarter of 2024. The travel company turned to net profit in Q1, on an adjusted basis, from a loss in the prior-year period.

Expedia Q1 2024 earnings infographic

March-quarter revenues increased 8% annually to $2.89 billion, reflecting growth in the B2B and B2C business segments which was partially offset by weakness in the trivago business. Gross bookings increased 3% year-over-year to $30.16 billion.

The company reported earnings of $0.21 per share, excluding special items, compared to a loss of $0.20 per share in the year-ago period. On an unadjusted basis, it was a net loss of $135 million or $0.99 per share in Q1, compared to a loss of $145 million or $0.95 per share last year.

“As we enter the second quarter, we are seeing some acceleration in the rest of our B2C business and expect it to continue throughout the year. But given the Vrbo drag and the rate of acceleration in B2C thus far, we are lowering our full-year guidance to a range of mid to high single-digit top-line growth with margins relatively in line versus last year,” said Expedia’s CEO Peter Kern.

Prior Performance

  • Expedia Q4 2023 earnings infographic

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

INTU Earnings: Intuit Q3 2024 revenue and adj. profit top expectations

Intuit Inc. (NASDAQ: INTU) Thursday reported an increase in adjusted earnings and revenues for the third quarter of 2024. The results also exceeded analysts' estimates. At $6.74 billion, the Mountain

After blowout quarter, Nvidia (NVDA) looks set to continue riding the AI wave

Shares of NVIDIA Corporation (NASDAQ: NVDA) rallied this week after the semiconductor giant reported robust first-quarter numbers. Being a first mover in artificial intelligence chips, the company is spearheading the

Target Corp. (TGT): A brief look at the retailer’s performance in Q1 2024

Shares of Target Corporation (NYSE: TGT) rose over 1% on Thursday. The stock has dropped over 11% in the past one month. The company delivered mixed results for the first

Add Comment
Viewing Highlight