Expedia (EXPE) Tops Q2 EPS by 5c
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Price: $128.30 -0.33%
Revenue Growth %: +5.4%
Financial Fact:
Operating income: 386.15M
Today's EPS Names:
ESCA, LICT, NKSH, More
Revenue Growth %: +5.4%
Financial Fact:
Operating income: 386.15M
Today's EPS Names:
ESCA, LICT, NKSH, More
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Expedia (NASDAQ: EXPE) reported Q2 EPS of $0.89, $0.05 better than the analyst estimate of $0.84. Revenue for the quarter came in at $1.66 billion versus the consensus estimate of $1.66 billion.
- Room night growth excluding eLong™ accelerated to 35% year-over-year, with domestic and international room nights growing 24% and 50% year-over-year, respectively.
- Gross bookings excluding eLong increased 20% and revenue excluding eLong increased 15% year-over-year. Excluding the impact of foreign exchange, gross bookings increased 28% and revenue increased 25% year-over-year.
- Strong performance in the Core OTA segment drove growth in Expedia® excluding eLong Adjusted EBITDA(1) of 12% year-over-year.
- Advertising & Media business excluding eLong delivered over $515 million in net revenue on a trailing twelve months basis, an increase of 27% year-over-year, driven by growth in trivago and Expedia Media Solutions.
- During the second quarter of 2015, Expedia added nearly 27,000 properties to its global supply portfolio, which now stands at approximately 257,000 properties available on Expedia, Inc. sites.
- In May 2015, Expedia sold its 62.4% equity stake in eLong, Inc. (“eLong”) for approximately $671 million to several purchasers including Ctrip.com International, Ltd. (“Ctrip”) and Expedia and Ctrip also reached agreement on cooperation for certain travel products in specified geographic markets.
- In June 2015, Expedia, Inc. issued €650 million senior notes that are due in June 2022 and bear interest at a rate of 2.5% per annum. Subsequent to quarter end, the Executive Committee of Expedia’s Board of Directors approved a 33% increase in the cash div
For earnings history and earnings-related data on Expedia (EXPE) click here.
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