
Expedia Group has reported its Q3 earnings, surpassing profit estimates with an adjusted EPS of $6.13, compared to the consensus of $6.04. The company recorded revenues of $4.060 billion, slightly below the estimated $4.11 billion. Adjusted EBITDA for the quarter was $1.25 billion, exceeding the estimate of $1.232 billion. Total gross bookings grew by 7% to $27.5 billion, with booked room nights increasing by 9% year-over-year. Additionally, Expedia's CFO, Julie Whalen, will step down from her role, effective upon the appointment of her successor, expected before February 17, 2025. The company's net income for Q3 was $684 million, with adjusted net income of $809 million. The company's stock rose by 4.8% following the earnings report and jumped 3.5% premarket.

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Expedia’s net income for Q3 was $684 million, with adjusted net income of $809 million — significant improvements compared to Q2 2024, when net income was $386 million and adjusted income was $469 million. https://t.co/72PcXY0Ro8