Expedia Group topped estimates for its second quarter earnings with $3.8 billion in revenue, up 6% year-over-year, and adjusted net income of $546 million.
Shares were up more than 15% in after-hours trading.
“Our performance was driven by continued strength across B2B and Advertising and further progress on our key priorities,” Expedia CEO Ariane Gorin said in a statement. “Based on our first half and ongoing trends, we have increased our annual guidance.”
Seattle-based Expedia has been investing in its B2B travel platform, which powers travel bookings for partners including airlines, banks, and loyalty programs. B2B gross bookings rose 17% year-over-year — outpacing the 1% growth in its consumer (B2C) business.
Other key takeaways from the Q2 earnings report:
- Advertising and media revenue increased 19% to $182 million, helping diversify the company’s revenue beyond core travel bookings.
- Booked room nights rose 7%, fueled primarily by international demand. Revenue outside the U.S. grew 13%, compared to just 3% growth domestically.
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