Shares of Expedia gained seven percent today in after hours trading following news that the company posted a 23 percent increase in second quarter revenue to just over $1 billion. Net income also rose 23 percent to $140 million.
The Bellevue online travel company also released some new metrics related to its mobile and daily deal business, the latter of which was just launched in partnership with Groupon.
So far, it appears as if the Groupon-Expedia alliance is off to a good start. According to the company, Groupon and Expedia sold 15,000 daily deals in the first three days of operation.
More consumers also are checking out Expedia and its affiliated sites — Hotels.com, TripAdvisor and HotWire — on mobile devices.
In fact, the company noted that its apps are downloaded an average of 36 times per minute. That’s an increase of approximately 20 percent over the first quarter.
Expedia shares are trading at $31 in after hours, giving the company a market value of $7.93 billion.
Full earnings report here.