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The performance of expedia (EXPE.US) exceeded expectations last quarter, with a total booking amount increase of 7%.
Travel booking company Expedia (EXPE.US) announced that third-quarter profit increased by 61% year-on-year to $0.684 billion, with an adjusted earnings per share of $6.13, higher than the market expectation of $6.05. The stock price rose 8% after hours. Quarterly revenue increased by 3% to $4.06 billion, slightly below the market expectation of $4.11 billion. Total bookings increased by 7% to $27.5 billion, with lodging bookings up by 8% to $20 billion.
Travel boom strikes back: airbnb, booking holdings, and expedia booking volume soar, indicating a strong industry recovery!
After experiencing the initial wave of holiday fever following the epidemic, booking giants like Booking, expedia, and airbnb have released relatively mild outlook forecasts.
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