Expedia Posts $3.43 Billion Q1 Revenue, Beating Estimates by 2.2%
Updated
Updated · stockstory.org · Jun 29
Expedia Posts $3.43 Billion Q1 Revenue, Beating Estimates by 2.2%
2 articles · Updated · stockstory.org · Jun 29
Summary
$3.43 billion in Q1 revenue marked a 14.7% year-on-year increase for Expedia, topping analyst expectations and capping a strong quarter for the online travel agency.
Expedia also beat EBITDA estimates, and its next-quarter revenue guidance came in slightly above Wall Street forecasts, reinforcing the earnings surprise.
Shares have risen 3.6% since the report and recently traded at $262, outperforming a consumer internet group whose stocks were broadly flat after earnings.
Across 46 consumer internet companies, Q1 revenue beat consensus by 1.2% on average, though next-quarter guidance for the group ran 0.6% below expectations.