Expedia Group Inc (EXPE) Q3 2024 Earnings Call Highlights: Stron

Release Date: November 07, 2024

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Expedia Group Inc (EXPE, Financial) exceeded expectations on gross bookings and earnings, with revenue landing in line despite weather and currency headwinds.
• The company saw a 25% increase in package bookings in the third quarter, driven by new product features and targeted promotional activity.
• Vrbo returned to growth with improved app performance and expanded supply, adding nearly 1 million units previously only available on Brand Expedia.
• The advertising business delivered strong growth with revenue up 32%, driven by more advertisers and new product capabilities.
• B2B bookings grew 19% year on year, with new partnerships and solutions contributing to the growth.

Negative Points

• Despite revenue growth, the third quarter saw a slight margin deleverage of approximately 16 basis points.
• Vrbo faced challenges due to Hurricane Milton, impacting…