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Expedia Beats Q1 Earnings, Gross Bookings Rise 14%

Joseph Lu

Expedia, Inc. EXPE just released its financial results for the first quarter of 2017, posting a loss of $0.15 per share and revenues of $ 2.18 billion. Currently, Expedia is a Zacks Rank #3 (Hold) and is up 0.33% to $136.20 per share in trading shortly after its earnings report was released.

Beat earnings estimates. The company posted a loss of 15 cents per share, losing less than the Zacks Consensus Estimate of 30 cents per share. This number excludes 42 cents from non-recurring items.

Beat revenue estimates. The company saw revenue figures of $2.18 billion, topping our consensus estimate of $2.13 billion.

For Q1, the Washington-based travel services company posted a 15% jump in revenues from the $1.9 billion reported in the first quarter of 2016. At the end of March 31, 2017, the company had 385,000 properties available on Expedia.com. Expedia’s gross bookings rose 14% to $23.6 billion from $20.6 billion in the prior year period.

The company stated that gross booking growth was primarily driven by its Core OTA business, including growth in Brand Expedia, Hotels.com, and EAN.

Here’s a graph that looks at Expedia’s latest performance:

Expedia, Inc. Price and Consensus

Expedia, Inc. Price and Consensus | Expedia, Inc. Quote

Expedia, Inc. is one of the world's leading travel services companies. The company provides wholesale travel to offline retail travel agents. Expedia, Inc.'s main businesses and brands include: Expedia.com, Hotels.com, Hotwire, Expedia Corporate Travel, Trip Advisor and Classic Custom Vacations. Expedia, Inc.'s companies also operate internationally with sites in Canada, the United Kingdom, Germany, France, Italy, Netherlands and China, through its investment in eLong.

Check back later for our full analysis on Expedia’s earnings report!

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