Expedia (NASDAQ: EXPE) reported Q1 EPS of ($0.03), $0.12 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $1.37 billion versus the consensus estimate of $1.35 billion.

• Room night growth accelerated to 32% year-over-year, with domestic and international room nights growing 23% and 41% year-over-year, respectively.
• Gross bookings increased 19% and revenue increased 14% year-over-year. Excluding the impact of foreign exchange, gross bookings increased 25% and revenue increased 23% year-over-year.
• Strong performance in the Core Online Travel Companies (“Core OTA”) business drove growth in Expedia® (excluding eLong™) Adjusted EBITDA(1) of 25% year-over-year. Consolidated (including eLong) Adjusted EBITDA(1) declined 5% year-over-year.
• Strong performance in the Advertising & Media business continued, delivering over $500M in net revenue on a trailing twelve months basis, an increase of 35% year-over-year, driven by growth in trivago and Expedia Media Solutions.
• Expedia (excluding eLong) added approximately 14,000 properties to its global supply portfolio during the first quarter of 2015, more than double the pace of acquisition in the fourth quarter of 2014.
• The company substantially completed the migration of the Wotif.com® website to the Expedia platform.
• In February 2015, Expedia, Inc. announced it has entered into a definitive agreement to acquire Orbitz Worldwide, Inc., including all of its brands.

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

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