Expedia reports record revenue amid solid travel demand
While travel demand in North America and Europe remained stable, the Asia-Pacific and Latin America regions experienced more pronounced growth
Expedia Group’s financial results for the quarter ended Sept. 30 exceeded expectations, with record quarterly revenue of $3.9 billion. The company also announced a new $5 billion share repurchase authorization, demonstrating its commitment to maximizing shareholder returns.
Key takeaways
- The company plans to leverage its artificial intelligence (AI) and machine learning (ML) capabilities to enhance the customer experience;
- Expedia Group’s business-to-business (B2B) sector had a 26% revenue growth in the third quarter year over year (YoY);
- The completion of the Vrbo migration and the launch of the loyalty program, One Key, during the quarter have positioned Expedia Group for future growth, the company said.
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