Expedia (EXPE) Tops Q1 EPS by 15c
Expedia (NASDAQ: EXPE) reported Q1 EPS of $0.09, $0.15 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.84 billion.
• Room nights stayed increased 37% year-over-year, with domestic and international room nights growing 32% and 44% year-over-year, respectively.
• Gross bookings increased 32% and revenue increased 42% year-over-year.
• Expedia delivered $177 million of Adjusted EBITDA(1), representing growth of 31% year-over-year.
• Acquisitions added approximately 13 percentage points of room night growth, 22 points of gross bookings growth and 28 points of revenue growth. The consolidation of Orbitz Worldwide and HomeAway financial results (inclusive of related deal and integration costs) added approximately 35 percentage points of Adjusted EBITDA growth.
• Expedia added more than 13,000 properties to its global lodging portfolio, bringing its total property count to over 282,000 available on Expedia, Inc. sites, an increase of 23% year-over-year.
• The company substantially completed the migration of the Orbitz.com and CheapTickets.com websites onto the Expedia platform.
• In February 2016, HomeAway completed the U.S. launch of both its traveler service fee as well as its Book with Confidence program offering enhanced traveler benefits and protections with every online booking.
• Year to date, Expedia repurchased 2.9 million shares of its common stock for approximately $312 million.
For earnings history and earnings-related data on Expedia (EXPE) click here.
