logo

Expedia shares fell 14% as it reports first quarter results

By Shubhangi Mathur - May 04, 2022, 04:04 AM ET
Last Updated - Feb 26, 2024, 07:53 AM EST
Expedia Group_Logo
Revenue of the company was $2.25 billion in which lodging accounted for 72% of the total revenue, while advertising and media accounted for 7%, air accounted for 3%, and all other revenues accounted for the remaining 18%.

“As we have seen many times during Covid, this quarter was a tale of two stories. There was early impact from Omicron leftover from late last year, which faded as the turnaround in demand reached new highs since the start of Covid,” said Peter Kern, Vice Chairman and CEO

Total gross bookings were $24.4 billion, up 58% compared to the same period last year

Expedia Group Inc (NASDAQ: EXPE) shares fell 14% on Tuesday after the company reported first quarter results.

Sponsored

For the first quarter, total gross bookings were $24.4 billion, up 58% compared to the same period last year and down 17% compared to the first quarter 2019.

The company reported net loss of $122 million in the quarter and adjusted net loss was $74 million.

Sponsored
Sponsored
Sponsored
Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
    Phone: +1 (425) 414-0184
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
    Phone: +91 80 4902 2100
4.2 20250131