Expedia (EXPE) Tops Q3 EPS by 19c

Expedia (NASDAQ: EXPE) reported Q3 EPS of $1.93, $0.19 better than the analyst estimate of $1.74. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.68 billion.

• Gross bookings growth of 29% and revenue growth of 22% were primarily driven by strong hotel room night and air ticket growth. Revenue growth was also driven by strength in advertising and media revenue which grew 29% to $141 million for the quarter.
• Room nights grew 24% year-over-year, driven by continued strong performance at Brand Expedia® and
• Hotels.com® with both domestic and international room nights increasing 24% year-over-year.
• The combination of healthy top-line growth and leverage on fixed costs led to Adjusted EBITDA* improving 20% and Adjusted EPS* improving 35% compared to the third quarter of 2013.
• Year to date, Expedia, Inc. repurchased 6.5 million shares of its common stock for approximately $492 million excluding transaction costs.

For earnings history and earnings-related data on Expedia (EXPE) click here.

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