Expedia Group generated $2.5 billion in revenue in the first quarter across all of its brands, and $27.2 billion in gross bookings during the quarter, beating analyst expectations.
The Bellevue, Wash., travel giant reported an adjusted loss of 36 cents per share in the first quarter of 2018, excluding Trivago, which reports earnings separately. With Trivago, Expedia lost 46 cents per share in Q1.
Expedia beat analyst expectations of -44 cents in earnings per share and $2.4 billion in revenue. The company’s revenue increased 15 percent year-over-year.
The report is an improvement over last quarter, when Expedia missed analyst expectations for 2017, sending its stock tumbling more than 15 percent.
HomeAway, which Expedia acquired in 2015, gave the company’s overall gross bookings a boost. The vacation rental platform contributed $3.9 billion to Expedia’s gross bookings, a 46 percent year-over-year increase.
Expedia stock was up 8 percent in after-hours trading after reporting Q1 results Thursday.
Expedia’s full financial and operating metrics are available below.
