Expedia (EXPE) Tops Q1 EPS by 8c

Expedia (NASDAQ: EXPE) reported Q1 EPS of ($0.36), $0.08 better than the analyst estimate of ($0.44). Revenue for the quarter came in at $2.31 billion versus the consensus estimate of $2.44 billion.

• Gross bookings, including HomeAway, increased $3.6 billion or 15% year-over-year to $27.2 billion. Revenue increased 15% year-over-year to $2.5 billion.
• HomeAway delivered $3.9 billion of gross bookings, representing an increase of 46% year-over-year, and reached approximately $10 billion in gross bookings for the first time on a trailing twelve months basis.
• Stayed room nights for Brand Expedia, Hotels.com, Expedia Partner Solutions and Egencia combined grew 16% year-over-year, with HomeAway stayed room nights up 36% year-over-year.
• Expedia Group's global lodging portfolio increased to more than 665,000 properties available as of March 31, 2018, up 74% year-over-year, with 50,000 new properties and 25,000 more HomeAway listings available on our Core OTA platform during the quarter. HomeAway now offers more than 1.6 million online bookable listings.
• As of April 24, 2018, Expedia Group repurchased 2.5 million shares for $268 million year-to-date. The Executive Committee, acting on behalf of the Board of Directors, authorized additional repurchases of up to 15 million shares of common stock

For earnings history and earnings-related data on Expedia (EXPE) click here.

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