Expedia Stock News

8.33am: Wall Street to edge lower US stocks are on track to open slightly lower later today, in what could be a slightly more relaxed day of trading compared to earlier this week.  However, it might not be calm for long if Terry Sandven at U.S. Bank Wealth Management is correct.

The online travel agency tops quarterly earnings and sales estimates but says demand has softened in July.

Expedia Group (EXPE) shares surged ahead of Friday's opening bell after the online travel company reported earnings that topped estimates amid robust demand in international markets. The company did, however, caution about a more challenging macro environment and softening travel demand throughout July, echoing the sentiment of rivals.

Expedia Group Inc (NASDAQ:EXPE, ETR:E3X1) shares jumped over 11% in extended trading as the travel group's expectation-beating second-quarter results appeared to overshadow warnings on demand. Revenue and profits came in higher than consensus expectations for the three months to June, though Expedia did warn of “softening” travel demand in the months ahead.

Expedia Group, Inc. (NASDAQ:EXPE ) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Harshit Vaish - Senior Vice President of Corporate Development, Strategy & Investor Relations Ariane Gorin - Chief Executive Officer Julie Whalen - Chief Financial Officer Conference Call Participants Mark Mahaney - Evercore ISI Eric Sheridan - Goldman Sachs Lee Horowitz - Deutsche...

For Expedia Group CEO Ariane Gorin, there was a clear highlight for the company during the second quarter: Brand Expedia saw room night growth rise to nearly 20%. “Brand Expedia has been a great highlight for us,” Gorin told analysts and investors during the company's second-quarter earnings call on Thursday (Aug. 8).

Shares of Expedia Group Inc. jumped more than 10% in the extended session Thursday after the online travel company comfortably beat Wall Street's expectations for its second quarter but sounded the alarm for the current quarter, saying that July travel demand weakened.

Online travel agency Expedia beat analysts' expectations on Thursday for second-quarter profit, helped by sustained demand for international travel, sending its shares up 7% after the bell.