Categories AlphaGraphs, Earnings, Leisure & Entertainment

Expedia (EXPE) posts wider-than-expected loss in Q1

Online travel agency Expedia Group Inc. (NASDAQ: EXPE) reported its financial results for the quarter ended March 31, 2020, on Wednesday after the market closes. The bottom line was wider than the analysts’ expectations while the top-line missed consensus estimates.

Expedia Group (EXPE) Q1 2020 earnings

Expedia posted a wider loss in the first quarter of 2020 due to the impact of the COVID-19 pandemic. For the quarter, total gross bookings fell by 39% as the spread of the virus became a global pandemic during March. Revenue grew in January and February before declining significantly year-over-year in March.

Like all travel companies, Expedia suffered a major reduction in business since the onset of COVID-19. However, the company was ahead of the game having implemented cost-savings measures earlier this year, and with the added pressure from the pandemic, the company accelerated and expanded its ambition on improving its long-term cost structure.

Past Performance

Most Popular

Lyft (LYFT) expects average ride volumes to improve through Q1 2021

Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of

With new strategy in place, Target looks poised to tap growing online demand

Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered

Infographic: Dollar Tree’s (DLTR) performance in Q4

Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top