Expedia Group Inc

EXPE

Equity

ISIN US30212P3038 / Valor 14491617

NASDAQ (2024-09-18)

USD 139.66+0.90%

Expedia Group Inc
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About company

Expedia Group Inc. is a leading travel platform that leverages technology to connect partners to travelers in innovative ways. The company has grown its portfolio over the years through acquisitions and partnerships, expanding its presence globally. With a focus on the Asia Pacific region and Europe, Expedia Group offers a wide range of services including activities, technology solutions, and metasearch capabilities. As a publicly traded company on the Nasdaq National Market, Expedia Group continues to be a forerunner in the industry, utilizing vast amounts of data and tech innovation to provide travelers and partners with a multitude of options worldwide.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Expedia Group Inc. reported a revenue of $3.6 billion for the second quarter of 2024, marking a 6% increase compared to the same period in 2023. This growth was driven by strong performance in both their B2C and B2B segments, with B2B revenue alone increasing by 22% year-over-year.

Gross Bookings

For the second quarter of 2024, Expedia Group Inc. achieved total gross bookings of $28.8 billion, which represents a 6% increase from the previous year. Lodging gross bookings were particularly strong, reaching $20.7 billion, an 8% increase compared to 2023.

Net Income

Expedia Group Inc. reported a net income of $386 million for the second quarter of 2024, which remained flat compared to the same period in 2023. However, adjusted net income saw a significant increase, reaching $469 million, up 10% from the previous year.

Room Nights Growth

Expedia Group Inc. experienced a notable acceleration in room nights growth, which increased by 10% in the second quarter of 2024. Brand Expedia led this growth with nearly 20% increase in room nights, contributing to the fastest rate of total room nights growth since the first quarter of 2023.

Share Repurchase

During the first half of 2024, Expedia Group Inc. repurchased approximately 9.2 million shares for a total of $1.2 billion. This move is part of the company's ongoing efforts to return value to shareholders and manage its capital structure effectively.

Summarized from source with an LLMView Source

Key figures

32.1%1Y

-8.29%3Y

4.37%5Y

Performance

43.7%1Y

46.8%3Y

52.2%5Y

Volatility