Expedia, Inc. Reports Third Quarter 2014 Results
BELLEVUE, WA – October 30, 2014 – Expedia, Inc. (NASDAQ: EXPE) today announced financial results for the third quarter ended September 30, 2014.
Gross bookings growth of 29% and revenue growth of 22% were primarily driven by strong hotel room night and air ticket growth. Revenue growth was also driven by strength in advertising and media revenue which grew 29% to $141 million for the quarter.
Room nights grew 24% year-over-year, driven by continued strong performance at Brand Expedia® and Hotels.com®, with both domestic and international room nights increasing 24% year-over-year.
The combination of healthy top-line growth and leverage on fixed costs led to Adjusted EBITDA* improving 20% and Adjusted EPS* improving 35% compared to the third quarter of 2013.