Expedia Ups Guidance on Strong Travel Trends

2 months ago

"Uh got to mention Expedia. It's your number one gainer in the S&P 500. Uh the stock finishing with uh a rise of about 17.5%. Uh it is now up about 40% year to date. The company raising its full year gross bookings and revenue outlook. Signal that strong travel trends are continuing into the holiday quarter. So revenue this year now expected to increase 6.5% at the midpoint. Gross bookings are expected to grow 7%. That's both ahead of estimates and Expedia's previous guidance. Uh I should point out the outlook does not take into account the US government shutdown and the company has yet to see an impact just over a month in according to the company's CEO."

Expedia experienced significant gains with a 17.5% rise and a 40% year-to-date increase, prompting the company to raise its guidance on gross bookings and revenue. Strong travel trends are expected to sustain growth into the holiday quarter, with revenue and bookings set to beat estimates.

Related Stocks