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Jun 30, 2024
Expedia Q2 2024 Earnings Report
Reported results at the high end of expectations, with gross bookings and revenue growing 6%. However, softened travel demand in July led to adjusted expectations for the rest of the year.
Key Takeaways
Expedia Group's Q2 2024 results showed a 6% increase in both gross bookings and revenue. Room nights growth accelerated to 10%, with Brand Expedia experiencing nearly 20% growth. Net income remained relatively flat, while adjusted EBITDA increased by 5%. The company is adjusting expectations for the remainder of the year due to a softening in travel demand in July.
Total gross bookings increased by 6% to $28.8 billion.
Room nights growth accelerated to +10%, the fastest rate since Q1 2023.
Revenue grew by 6% to $3.6 billion.
Adjusted EBITDA increased by 5% to $786 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Expedia Group is adjusting its expectations for the rest of the year due to a more challenging macro environment and a softening in travel demand in July.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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