Expedia misses by $0.10, reports revs in-line
- Reports Q3 (Sep) earnings of $2.51 per share, $0.10 worse than the Capital IQ Consensus of $2.61; revenues rose 14.9% year/year to $2.97 bln vs the $2.98 bln Capital IQ Consensus.
- Gross bookings, including HomeAway, increased $2.2 billion or 11% year-over-year to $22.2 billion. Revenue increased 15% year-over-year to $3.0 billion. HomeAway delivered $305 million of revenue, representing an increase of 45% year-over-year. Room nights stayed, including HomeAway, increased 16% year-over-year. Room nights stayed for the global growth brands of Brand Expedia, Hotels.com, EAN and Egencia combined increased 18% year-over-year, with HomeAway room nights stayed up 36% year-over-year.
- Adjusted EBITDA grew 6% year-over-year during the third quarter, including trivago's $8 million loss and an estimated negative impact of approximately $15 million to $20 million from the recent natural disasters.
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