Third Quarter Highlights
• Lodging gross bookings at $18.5 billion grew 8% compared to 2022, and were at record levels for any third quarter.
• Revenue at $3.9 billion grew 9% compared to 2022 and was a record for any quarter. B2C revenue growth compared to 2022 accelerated over 400 basis points sequentially. B2B revenue at $995 million was a record and was an increase of 26%, compared to 2022.
• Net income was $425 million for the third quarter. Adjusted net income at $778 million was a record for any quarter.
• Record adjusted EBITDA was $1.2 billion, an increase of 13% with 110 basis points of margin expansion, compared to 2022.
• Repurchased approximately 17 million shares for a record $1.8 billion year-to-date.
https://finance.yahoo.com/news/expedia-nasdaq-expe-q3-sales-201726388.html
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