Expedia Group Says Given The Vrbo Drag And The Rate Of Acceleration In B2C Thus Far, We Are Lowering Our Full Year Guidance To A Range Of Mid To High Single Digit Top Line Growth With Margins Relatively In Line Versus Last Year
Portfolio Pulse from Benzinga Newsdesk
Expedia Group has revised its full-year guidance downwards due to the underperformance of Vrbo and the current rate of acceleration in its B2C segment. The company now expects mid to high single-digit top-line growth, with margins remaining similar to the previous year.
May 02, 2024 | 8:03 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Expedia Group has lowered its full-year guidance, expecting mid to high single-digit top-line growth due to Vrbo's underperformance and slower B2C segment growth.
The downward revision in guidance by Expedia Group is a direct reflection of operational challenges, particularly with Vrbo and in its B2C segment. This announcement is likely to impact investor sentiment negatively in the short term, as revised guidance often leads to adjustments in stock price expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100