Expedia Group Inc (EXPE) Reports Record Revenue and Profits

Expedia Group Inc (NASDAQ:EXPE) reported record revenue of $3.9 billion in Q3 2023, a 9% increase compared to the same period in 2022.

The company's net income for the third quarter was $425 million.

Lodging gross bookings at $18.5 billion grew 8% compared to 2022, and were at record levels for any third quarter.

Expedia Group Inc (NASDAQ:EXPE) announced a new $5 billion share repurchase authorization.

Expedia Group Inc (NASDAQ:EXPE) reported record revenue of $3.9 billion in Q3 2023, a 9% increase compared to the same period in 2022.

The company's net income for the third quarter was $425 million.

Lodging gross bookings at $18.5 billion grew 8% compared to 2022, and were at record levels for any third quarter.

Expedia Group Inc (NASDAQ:EXPE) announced a new $5 billion share repurchase authorization.

On November 2, 2023, Expedia Group Inc (NASDAQ:EXPE) released its financial results for the third quarter ended September 30, 2023. The company reported record revenue and profitability, surpassing its guidance and reflecting the resilience of travel demand and continued improvements from the execution of its strategy.

Financial Highlights
Expedia Group Inc (NASDAQ:EXPE)'s revenue for Q3 2023 was $3.9 billion, a 9% increase compared to the same period in 2022. The company's net income for the third quarter was $425 million. The company's B2B revenue at $995 million was a record and was an increase of 26%, compared to 2022.

Price Momentum
EXPE is trading near the top of its 52-week range and above its 200-day simple moving average.
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.