Online travel shopping company Expedia Group, Inc. (EXPE) has reported better-than-expected results for the third quarter ended September 30, 2021. The robust results can be attributed to the growth witnessed in revenues. Following the earnings, shares of the company appreciated 15.6% to close at $182.17 on Friday. Revenue & Earnings Quarterly revenues jumped 97% year-over-year to $2.96 billion and surpassed the consensus estimate of $2.76 billion. The primary drivers of the revenue growth were the Lodging (up 87% year-over-year) and Advertising and Media (up 116% year-over-year) segments, which accounted for 77.7% and 6.8% of the total revenues, respectively. The company reported quarterly earnings per share (EPS) of $3.
https://www.tipranks.com/news/expedia-rises-15-6-on-upbeat-q3-results?utm_source=advfn.com&utm_medium=referral
Expedia (NASDAQ:EXPE)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more Expedia Charts.
Expedia (NASDAQ:EXPE)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more Expedia Charts.