Expedia, Inc. Reports Second Quarter 2014 Results
BELLEVUE, WA—July 31, 2014—Expedia, Inc. (NASDAQ: EXPE) today announced financial results for the second quarter ended June 30, 2014.
. Gross bookings growth of 29% and revenue growth of 24% were primarily driven by strong hotel room night andair ticket growth. Revenue growth was also driven by strength in advertising and media revenue which grew 54%to $123 million for the quarter.
. Room night growth accelerated sequentially to 28% year-over-year in the second quarter of 2014 from 24% reported in the first quarter of 2014, with domestic room night growth accelerating to 24% year-over-year.
. Brand Expedia. substantially completed the migration of the US and Canadian Travelocity-branded websites and mobile applications to the Expedia platform during the first half of 2014.