Nov 6 (Reuters) - Online travel platform Expedia ( EXPE )
boosted its forecast for 2025 revenue growth, after
beating Wall Street estimates for third-quarter profit, helped
by strong demand from its business clients.
The Seattle-based company now expects annual revenue to grow
between 6% to 7%, compared to an earlier forecast range of 3% to
5%.
Bookings in Expedia's ( EXPE ) B2B segment, which caters to corporate
travel management firms, offline travel agents and financial
institutions, rose 26% to $9.38 billion during the third
quarter.
Meanwhile, bookings in Expedia's ( EXPE ) direct-to-consumer segment,
which includes its iconic Hotels.com and short-term rental
platform Vrbo, rose 7% to $21.34 billion.
Expedia ( EXPE ) posted a third-quarter adjusted profit of $7.57 per
share compared with analysts' estimate of $6.92 per share,
according to LSEG compiled data.
Total gross bookings for the third quarter came in at $30.73
billion, up 12% from last year.