Expedia Group Inc. (NASDAQ:EXPE) shares surged 14.78% in after-hours trading on Thursday, rising to $252.18, after the online travel company posted stronger-than-expected third-quarter results and raised its full-year outlook.
Check out the current price of EXPE stock here.
Q3 Performance Exceeds Expectations
The Seattle-based company reported a 12% increase in gross bookings and a 9% rise in revenue from a year earlier. Booked room nights climbed 11%, the fastest growth rate in the U.S. in more than three years, CEO Ariane Gorin said.
Gorin said the results reflect “an improved demand environment, disciplined execution, and real progress on our strategic priorities.”
Strong B2B Growth Drives Results
Expedia’s business-to-business (B2B) segment delivered standout performance with 26% growth, while business-to-consumer (B2C) bookings rose 7%. …
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