Expedia Group Q2 Earnings: Revenue Beat, EPS Beat, 'Softening' Travel Demand In July And More
Portfolio Pulse from Adam Eckert
Expedia Group Inc (NASDAQ:EXPE) reported Q2 earnings with revenue and EPS beating estimates. Revenue was $3.558 billion and EPS was $3.51. Total revenue and gross bookings both increased by 6% year-over-year. Despite strong Q2 results, the company noted a softening in travel demand in July and did not provide forward guidance.
August 08, 2024 | 9:22 pm
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Expedia Group reported strong Q2 earnings with revenue and EPS beating estimates. However, the company noted a softening in travel demand in July and did not provide forward guidance.
The strong Q2 earnings report with revenue and EPS beating estimates is positive for EXPE. However, the mention of softening travel demand in July and lack of forward guidance could temper investor enthusiasm. The after-hours price increase of 6.95% indicates a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100