
Expedia Group reported strong second-quarter earnings, surpassing analyst expectations with an adjusted EPS of $3.51 compared to the estimated $3.12, and revenue of $3.56 billion against the expected $3.53 billion. Despite a 6% year-over-year increase in gross bookings to $28.8 billion, the company warned of a softening travel demand and a challenging macroeconomic environment in July, leading to adjusted expectations for the remainder of the year. However, the market responded positively, with Expedia shares jumping over 10% in premarket trading as optimism over the profit beat overshadowed concerns about future demand.
Expedia jumps as optimism over profit beat overrides demand warning https://t.co/hvQjEIwlWY https://t.co/awWxJBsskV
Expedia Group met the high end of its earnings expectations for the second quarter of 2024, despite a challenging macro environment and softening travel demand, according to an earnings report released Thursday. https://t.co/gYQJcsmeQS
This is from $EXPE — seeing a ton of commentary across consumer/housing companies of a slowdown in July: https://t.co/zY8dgc6S6w





