Expedia Beats Profit Estimates, Announces US$5 Billion Share Buyback

CNA2023-11-03

Expedia Group on Thursday (Nov 2) announced a new share buyback plan of US$5 billion after posting a better-than-expected quarterly profit, as the online travel booking company benefited from resilient demand and higher rates that boosted margins.

Shares of the Vrbo and Hotel.com operator rose 8.3 per cent after the bell.

US travel companies in the last few months has seen a sharp rise in demand for international travel as people free from restrictions take advantage of a strong dollar and flexible work arrangements to fly overseas for business and leisure.

An increase in bookings during the Independence and Labor day holiday weekend also lifted earnings for hotel operators and travel agencies in the third quarter.

It posted an adjusted profit of US$5.41 per share in the July-to-September period, compared with analysts' estimate of US$4.93 per share, as per LSEG data.

Expedia's total gross bookings across travel products rose 7 per cent from the year-earlier period to US$25.69 billion.

Its quarterly revenue rose 8.6 per cent to US$3.93 billion, versus estimates of US$3.86 billion, as per LSEG data.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2380904319?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2023-11-03 08:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2380904319","market":"us","top_or_hot":-1,"title":"Expedia Beats Profit Estimates, Announces US$5 Billion Share Buyback","media":"CNA","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group on Thursday (Nov 2) announced a new share buyback plan of US$5 billion after posting a better-than-expected quarterly profit, as the online travel booking company benefited from resilient demand and higher rates that boosted margins.</p><p>Shares of the Vrbo and Hotel.com operator rose 8.3 per cent after the bell.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/939990b732152524e58f23d361b815da\" tg-width=\"821\" tg-height=\"844\"/></p><p>US travel companies in the last few months has seen a sharp rise in demand for international travel as people free from restrictions take advantage of a strong dollar and flexible work arrangements to fly overseas for business and leisure.</p><p>An increase in bookings during the Independence and Labor day holiday weekend also lifted earnings for hotel operators and travel agencies in the third quarter.</p><p>It posted an adjusted profit of US$5.41 per share in the July-to-September period, compared with analysts&#39; estimate of US$4.93 per share, as per LSEG data.</p><p>Expedia&#39;s total gross bookings across travel products rose 7 per cent from the year-earlier period to US$25.69 billion.</p><p>Its quarterly revenue rose 8.6 per cent to US$3.93 billion, versus estimates of US$3.86 billion, as per LSEG data.</p></body></html>","source":"can_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Expedia Beats Profit Estimates, Announces US$5 Billion Share Buyback</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExpedia Beats Profit Estimates, Announces US$5 Billion Share Buyback\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-03 08:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.channelnewsasia.com/business/expedia-beats-profit-estimates-announces-us5-billion-share-buyback-3893501><strong>CNA</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Expedia Group on Thursday (Nov 2) announced a new share buyback plan of US$5 billion after posting a better-than-expected quarterly profit, as the online travel booking company benefited from ...</p>\n\n<a href=\"https://www.channelnewsasia.com/business/expedia-beats-profit-estimates-announces-us5-billion-share-buyback-3893501\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.channelnewsasia.com/business/expedia-beats-profit-estimates-announces-us5-billion-share-buyback-3893501","article_id":"2380904319","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2380904319","pubTimestamp":1698971261,"columns":[],"sourceInfo":{"source_id":"can_highlight","name":"CNA"},"weMediaInfo":null,"summary":"$Expedia$ Group on Thursday  announced a new share buyback plan of US$5 billion after posting a better-than-expected quarterly profit, as the online travel booking company benefited from resilient demand and higher rates that boosted margins.Shares of the Vrbo and Hotel.com operator rose 8.3 per cent after the bell.US travel companies in the last few months has seen a sharp rise in demand for international travel as people free from restrictions take advantage of a strong dollar and flexible wor","collect":0,"end_time":0,"defaultTopTitle":"channelnewsasia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Expedia超过利润预期，宣布美国50亿美元股票回购","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Expedia Group on Thursday (Nov 2) announced a new share buyback plan of US$5 billion after posting a better-than-expected quarterly profit, as the online travel booking company benefited from resilient demand and higher rates that boosted margins.Shares of the Vrbo and Hotel.com operator rose 8.3 per cent after the bell.US travel companies in the last few months has seen a sharp rise in demand for international travel as people free from restrictions take advantage of a strong dollar and flexible work arrangements to fly overseas for business and leisure.An increase in bookings during the Independence and Labor day holiday weekend also lifted earnings for hotel operators and travel agencies in the third quarter.It posted an adjusted profit of US$5.41 per share in the July-to-September period, compared with analysts' estimate of US$4.93 per share, as per LSEG data.Expedia's total gross bookings across travel products rose 7 per cent from the year-earlier period to US$25.69 billion.Its quarterly revenue rose 8.6 per cent to US$3.93 billion, versus estimates of US$3.86 billion, as per LSEG data.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.34.0","shortVersion":"4.34.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2380904319"}