EXPE Stock Recent News

Expedia Group's first-quarter results, released on Thursday (May 2), indicate a healthy yet more stabilized global travel market, albeit with slightly subdued gross bookings.  On a call with analysts and investors, outgoing CEO Peter Kern noted that while “North America remains the slowest growing geography relative to major international markets,” the gap is narrowing post-pandemic recovery.

Expedia Group, Inc. (NASDAQ:EXPE ) Q1 2024 Earnings Conference Call May 2, 2024 4:30 PM ET Company Participants Harshit Vaish – Senior Vice President, Corporate Development, Strategy and Investor Relations Peter Kern – Chief Executive Officer Julie Whalen – Chief Financial Officer Ariane Gorin – Incoming Chief Executive Officer Conference Call Participants Eric Sheridan – Goldman Sachs Lee Horowitz – Deutsche Bank Richard Clarke – Bernstein Societe Generale Group Trevor Young – Barclays Conor Cunningham – Melius Research Naved Khan – B. Riley Mark Mahaney – Evercore ISI Jed Kelly – Oppenheimer Anthony Post – Bank of America Tom Champion – Piper Sandler Operator Good day, everyone, and welcome to the Expedia Group Q1 2024 Financial Results Teleconference.

Shares of Expedia Group Inc. fell after hours on Thursday, after the travel-booking platform cut its sales outlook for the year, as efforts to recharge vacation-rental site Vrbo progressed more slowly than expected after a tech-related overhaul.

Expedia Group's (EXPE) first-quarter 2024 results are expected to reflect gains from growing momentum across B2B and B2C segments. However, softness in trivago and car businesses is a concern.

The tourism sector was among the worst impacted due to the Covid19 pandemic. However, as global travel and tourism now booms, tourism stocks are hot favorites.

Expedia has lost 15% of its value this year, driven in part by an announced CEO change in May. Still, the company is achieving strong lodging bookings, buoyed by resilient demand in the travel industry. The company's platform unification has led to a major infrastructure overhaul, boosting profitability.

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Expedia Group: Travelling Toward Recovery And Breakout From The U.S.

Expedia (EXPE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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