Expedia (EXPE): Q1 EPS of $0.26 beats by $0.10. Revenue of $816M (+12% Y/Y) beats by $25M
Expedia's Q1: Strong results fueled by 24% Y/Y increase in room nights (37% for Hotels.com), up from 19% in Q4. Hotel revenue (70% of total) +17%, offsetting a 17% drop in plane ticket revenue (11% of total) due to lower prices. All other revenue sources (car rentals, ads, etc. ) +15%. $291M worth of shares repurchased. EXPE +16.5% AH. PCLN +0.8%. TZOO +1.7%. TRIP +2.2%
Expedia's Q1: Strong results fueled by 24% Y/Y increase in room nights (37% for Hotels.com), up from 19% in Q4. Hotel revenue (70% of total) +17%, offsetting a 17% drop in plane ticket revenue (11% of total) due to lower prices. All other revenue sources (car rentals, ads, etc. ) +15%. $291M worth of shares repurchased. EXPE +16.5% AH. PCLN +0.8%. TZOO +1.7%. TRIP +2.2%
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