Expedia: Earnings rise by 36% - AI becomes a key growth driver
Reading Time: 3 minutes
Expedia significantly exceeded market expectations in the last quarter, thanks to a sustained high desire to travel in the USA. Revenue climbed to $4.32 billion (consensus: $4.17 billion), while adjusted earnings per share at $5.76 clearly surpassed estimates of $5.25. Due to a strong first half of the year, management raised its previous annual revenue forecast from $15.6 to $16.0 billion to now $16.05 to $16.22 billion. Expedia beats expectations and increases EBITDA margin to 25.9% The unbroken consumer enthusiasm of American...
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