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Expedia revenues decline 58% in Q3: Infographic

Expedia Group (NASDAQ: EXPE) reported third-quarter 2020 financial results after the regular trading hours on Wednesday. The travel company reported a 58% decline in Q3 revenue of $1.5 billion, surpassing the Wall Street consensus. The company reported a net loss of $0.22 per share, narrower than what analysts had anticipated.

EXPE shares gained 4.5% immediately following the announcement. The stock has slipped 12% since the beginning of this year.

Expedia earnings Q3 2020 earningsExpedia earnings Q3 2020 earningsExpedia earnings Q3 2020 earnings

Looking forward to listening to management/ analyst comments on Q3 results? Stay tuned here for Expedia Group Q3 2020 earnings call transcript

CEO Peter Kern said, “While it will take a more fulsome rebound in travel before we will see the effect of many of these improvements, I am confident that we have made and will continue to make great strides to reshape our business and the industry during this challenging time.

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