Overview

* Online travel platform Expedia ( EXPE ) Q3 revenue grows 9% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting strong operational performance

* Company repurchased $451 mln of shares, indicating confidence in future growth

Outlook

* Expedia ( EXPE ) raises full-year gross bookings growth forecast to 7%

* Company increases full-year revenue growth guidance to 6-7%

* Expedia ( EXPE ) expects full-year adjusted EBITDA margin expansion of 2%

Result Drivers

* B2B GROWTH - B2B bookings surged 26%, driving overall gross bookings growth

* U.S. ROOM NIGHTS - Fastest U.S. room nights growth in over three years, boosting overall bookings

* REVENUE DRIVERS - Revenue growth of 9% driven by an 18% increase in B2B segment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $4.41 $4.28

Revenue bln bln (31

Analysts

)

Q3 Beat $7.57 $6.92

Adjusted (25

EPS Analysts

)

Q3 EPS $7.33

Q3 Beat $962 mln $900.66

Adjusted mln (20

Net Analysts

Income )

Q3 Net $959 mln

Income

Q3 Beat $1.45 $1.35

Adjusted bln bln (31

EBITDA Analysts

)

Q3 Gross $30.73

Bookings bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 23 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the leisure & recreation peer group is "buy"

* Wall Street's median 12-month price target for Expedia Group Inc ( EXPE ) is $222.62, about 4% above its November 5 closing price of $213.81

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)