EXPE Stock Recent News

The reasons behind the August market meltdown are numerous and are already moving into the rearview mirror of investors. A coolish reading in the July producer price index (PPI) has investors putting their foot on the gas to get ahead of the Federal Reserve cutting interest rates.

New Citi price targets were recently released. Citigroup is one of the largest financial institutions in the world and has analysts who perform in-depth research on stocks.

Expedia Group (EXPE) CEO Ariane Gorin sits down with Yahoo Finance executive editor Brian Sozzi to discuss her promotion to chief executive in May and her vision for the travel booking company. "I've been at Expedia for 11 years now.

Expedia posted better-than-expected second-quarter results though the company warned of a softening in travel demand in the current quarter, leading it to adjust its expectations for the rest of the year. Expedia CEO Ariane Gorin joins Ed Ludlow and Caroline Hyde to discuss the strength of their consumer business and why the company is still optimistic for long-term travel trends on "Bloomberg Technology.

Ariane Gorin, Expedia CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, where consumers are trading down, and where the weakness in the consumer is coming from.

Expedia surprised the markets with a Q2 turnaround, sending shares up ~10% after earnings. The company achieved an acceleration in bookings growth to 6% y/y, while rival Booking.com's bookings decelerated to 4% y/y. The company continues to develop its One Key program, touting its cash-back advantages against rivals' weaker loyalty initiatives. In July, the company also released new One Key credit cards.

Expedia Group stock is at a decent valuation for a second-class business but is showing signs of limited growth potential. Expedia operates as an online travel company with multiple brands and faces tough competition from Booking and Airbnb. Despite recent positive financial results, Expedia's balance sheet and capital allocation raise concerns about long-term sustainability.

Analysts at Wedbush have upped their price target on Expedia Group Inc (NASDAQ:EXPE, ETR:E3X1) after the online travel agency posted “better-than-feared” second quarter earnings amid moderating demand trends and macro uncertainty, tightening booking windows, and softer pricing across flights and hotels. “Though management's guidance for both Q3 and the full year were modestly below estimates, outperformance this quarter should partially offset weaker demand trends in the second half,” the analysts wrote in a note to clients.

Expedia topped estimates in its second-quarter earnings report. The company sees a consumer slowdown ahead and issued poor guidance for the third quarter.

Expedia's (EXPE) second-quarter 2024 results reflect solid momentum across B2B, Brand Expedia and Advertising.