Expedia (EXPE) Tops Q3 EPS by 5c
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Price: $135.80 +0.58%
Revenue Growth %: +5.4%
Financial Fact:
Total other expense, net: -46.6M
Today's EPS Names:
TOWN, NRIM, GCBC, More
Revenue Growth %: +5.4%
Financial Fact:
Total other expense, net: -46.6M
Today's EPS Names:
TOWN, NRIM, GCBC, More
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Expedia (NASDAQ: EXPE) reported Q3 EPS of $2.07, $0.05 better than the analyst estimate of $2.02. Revenue for the quarter came in at $1.94 billion versus the consensus estimate of $1.96 billion.
- Room night growth excluding eLong™ accelerated to 36% year-over-year, with domestic and international room nights growing 25% and 50% year-over-year, respectively.
- Gross bookings excluding eLong increased 21% and revenue excluding eLong increased 16% year-over-year. Excluding the impact of foreign exchange, gross bookings increased 26% and revenue increased 27% year-over-year
- Solid performance in the Core OTA segment drove growth in Expedia® (excluding eLong) Adjusted EBITDA(1) of 13% year-over-year
- Advertising & Media revenue excluding eLong delivered over $538 million in net revenue on a trailing twelve months basis, an increase of 23% year-over-year, driven by growth in trivago and Expedia Media Solutions.
- During the third quarter of 2015, Expedia added more than 14,000 properties to its global supply portfolio, which now stands at approximately 271,000 properties available on Expedia, Inc. sites, an increase of 29% compared to the third quarter of 2014.
- On September 17, 2015, Expedia, Inc. completed its acquisition of Orbitz Worldwide, Inc., including all of its brands and assets, for an enterprise value of approximately $1.6 billion. Results include 14 days of Orbitz financials for the third quarter of 2015 unless otherwise noted.
For earnings history and earnings-related data on Expedia (EXPE) click here.
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