Expedia Group Inc Reports Strong Second-Quarter Results
Expedia Group Inc’s stock price has increased significantly in premarket trading, driven by the company’s better-than-expected second-quarter results.
The company reported solid performance in the first half of the year, with revenue growth in key areas. Key highlights from the second-quarter results include:
- Strong demand for travel services
- Growth in B2B bookings
- Increase in advertising revenue
As a result of the strong performance, Expedia has raised its full-year outlook. The company cited growth in B2B bookings and advertising revenue as key drivers of the improved forecast.
The online travel booking company’s shares have rallied in response to the news, with some reports indicating a price increase of over 15% in premarket trading. This development is seen as a positive sign for the travel industry, which has been impacted by earlier weakness.