Expedia posts earnings beat while warning of softening demand

📆 08/08/2024 20:04:00
📰 BNNBloomberg

⏱ Reading Time:
35 sec. here
15 min. at publisher
📊 Quality Score:
News: 62%
Publisher: 50%

Business Notícia

Consumer Goods,Retail,Consumer Discretionary

Expedia Group Inc. posted better-than-expected second-quarter results while warning of “softening” travel demand in the current quarter, leading it to adjust its expectations for the rest of the year.

The Expedia app on a smartphone arranged in Hastings-on-Hudson, New York, US, on Monday, July 31, 2023. Expedia Group Inc. is scheduled to release earnings figures on August 3. --

Room nights booked — a key metric in the travel industry — jumped 10 per cent to 98.9 million, exceeding estimates for 96.1 million nights. Second-quarter revenue increased 6 per cent to $3.56 billion, ahead of analysts’ average estimate of $3.53 billion. As a result of that tapering demand, Expedia is cutting its full-year gross bookings growth forecast to the low end of its previous guidance range to 4 per cent, Chief Financial Officer Julie Whalen said on a call with investors, while forecasting 6 per cent growth in annual revenue. She also expects third-quarter gross bookings and revenue to increase in the range of 3 per cent to 5 per cent compared with a year ago.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

SoundHound earnings, softening travel demand: Asking for a TrendOn today's episode of Asking for a Trend, Host Josh Lipton breaks down some of the biggest themes and stories that dominated the trading day. Expedia Group (...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »