Expedia (EXPE) Misses Q2 EPS by 4c

Expedia (NASDAQ: EXPE) reported Q2 EPS of $0.89, $0.04 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $2.59 billion versus the consensus estimate of $2.54 billion.

Gross bookings, including HomeAway, increased $2.5 billion or 12% year-over-year to $22.8 billion. Revenue increased 18% year-over-year to $2.6 billion.

•
Room nights stayed, including HomeAway, increased 21% year-over-year.

•
On a standalone basis, trivago® reached $328 million in revenue, an increase of 64% year-over-year. On a trailing twelve month basis, trivago exceeded $1 billion in stand-alone revenue for the first time.

•
HomeAway delivered $224 million of revenue, representing an increase of 31% year-over-year.

•
Expedia, Inc. acquired a majority stake in SilverRail Technologies, Inc., enabling Expedia to play a more active role in bringing rail supply online, while working closely with rail carriers.

•
On July 27, 2017, Expedia announced a $350 million minority investment in Traveloka Holding Limited, a leading Southeast Asian online travel company. Expedia and Traveloka also agreed to deepen their existing cooperation on global hotel supply.

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

You May Also Be Interested In

• Expedia (EXPE) PT Raised to $315 at Argus
• Melius Upgrades Allegiant Travel Company (ALGT) to Buy
• Goldman Sachs Downgrades Daihen Corp (6622:JP) to Neutral