Expedia stock falls after weak demand development

The revenue of the online travel agency from Seattle rose by 3.4% to $2.99 billion. However, analysts had forecasted a revenue of $3.01 billion. Weaker-than-expected travel demand impacts results The Expedia Group's revenue increase of 1.46% in the first quarter was hindered by weaker-than-expected travel demand to and from the U.S. CEO Ariane Gorin warned that this trend would continue in the current quarter. The stock fell 7.4% in after-hours trading after the online travel agency widened its net loss and reported lower-than-expected revenue...