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Expedia (EXPE) Misses Q3 EPS by 42c

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November 6, 2019 4:25 PM EST

Expedia (NASDAQ: EXPE) reported Q3 EPS of $3.38, $0.42 worse than the analyst estimate of $3.80. Revenue for the quarter came in at $3.56 billion versus the consensus estimate of $3.58 billion.

Gross bookings increased $2.3 billion or 9% to $26.9 billion. Revenue increased 9% to $3.6 billion.
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Total stayed lodging room nights increased 11%.
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Expedia Group's net income declined 22% and Adjusted EBITDA was flat in the third quarter.
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Expedia Group exceeded 1.4 million properties available on its core lodging platform as of September 30, 2019, including over 650,000 integrated Vrbo listings.
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Year-to-date, Expedia Group repurchased 3.2 million shares for $418 million. Including the Liberty Expedia Holdings, Inc. transaction, Expedia Group has retired a total of 6.3 million shares.
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Year-to-date net cash provided by operating activities and free cash flow grew 14% and 5%, respectively. Excluding capital expenditures related to our Seattle headquarters, year-to-date free cash flow grew 15%.

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


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