Expedia Group’s financial results for period from July through September provide more proof of the travel surge seen – nearly – around the
world.
One day after competitor Booking
Holdings reported record quarterly revenue and adjusted EBITDA, Expedia
Group is also reporting its highest ever adjusted EBITDA and revenue and highest
lodging bookings in a third quarter.
“The third quarter marked another period of robust travel
demand despite the uncertain macroeconomic environment. We delivered strong
financial performance with record quarterly revenue and adjusted EBITDA, which
exceeded $1 billion for the first time. These results reflect our emphasis on
driving topline growth while improving margins,” says Peter Kern, Expedia Group’s
vice chairman and CEO.
“Our active loyalty members and active app users are at
all-time highs, reflecting our ongoing focus on enhancing our products,
technology and consumer offerings to drive greater…
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