Reported about 3 hours ago
Expedia raised its revenue forecast for 2025 following stronger-than-expected third-quarter profits driven by robust business demand, resulting in a nearly 10% increase in shares. The company now anticipates revenue growth of 6% to 7%, up from its previous projection of 3% to 5%. The B2B segment saw a significant 26% increase in bookings, while the direct-to-consumer segment also grew by 7%. Expedia's adjusted profit surpassed analyst expectations, contributing to a 12% rise in total gross bookings year-over-year.
Source: YAHOO