=Expedia (EXPE) reported earnings on Wed 6 Nov 19 (a/h)

Expedia Group misses by $0.43, misses on revs

Reports Q3 (Sep) earnings of $3.38 per share, excluding non-recurring items, $0.43 worse than the S&P Capital IQ Consensus of $3.81; revenues rose 2.8% year/year to $3.37 bln vs the $3.57 bln S&P Capital IQ Consensus.

Expedia Group's net income declined 22% and Adjusted EBITDA was flat in the third quarter.

For the third quarter of 2019, total gross bookings increased 9% (including 1 percentage point of negative foreign exchange impact), driven by growth in Expedia Partner Solutions, which includes the benefit from enterprise deals launched in late 2018, and Hotels.com.

Co guides for EBITDA growth on its conference call (4:30pm ET- Current outlook is +12-15%).