Expedia Group: Sales and earnings estimates for the third quarter exceeded and a share buyback of $5 billion announced!
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The online travel booking platform exceeded forecasts in the third quarter with record sales and higher profitability. On November 2, 2023, the company also announced that it will repurchase $5 billion worth of common stock. The buyback is effective immediately and is in addition to the existing $1.8 billion share buyback program. Expedia reported strong overall booking metrics amid strong demand for global travel. Gross accommodation bookings reached a new high of $25.68 billion, an increase of 7% compared to the same period in 2022. This is...
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