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Expedia Q3 reports 11% growth in gross booking and 10% in total revenue

10/26/2018| 8:04:57 AM| 中文

Gross bookings increased $2.5 billion year-over-year to $24.7 billion. Revenue increased 10% year over-year to $3.3 billion.

Sabre announced financial results for the quarter ended September 30, 2018.

Highlights

• Gross bookings increased $2.5 billion or 11% year-over-year to $24.7 billion. Revenue increased 10% year over-year to $3.3 billion.

• Net income and Adjusted EBITDA grew 49% and 29% year-over-year, respectively, during the third quarter. HomeAway grew both operating income and Adjusted EBITDA 66% year-over-year.

• Total stayed lodging room nights grew 13% year-over-year, while stayed property nights for HomeAway increased 28% year-over-year.

• Expedia Group's global lodging portfolio increased to more than 895,000 properties available as of September 30, 2018, including over 300,000 integrated HomeAway listings. HomeAway now offers nearly 1.8 million online bookable listings.

• Year to date, Expedia Group repurchased 5.4 million shares for $634 million.

Financial Summary

Gross Bookings & Revenue

For the third quarter of 2018, total gross bookings increased 11% (including 1 percentage point of negative foreign exchange impact), driven primarily by growth in Brand Expedia, HomeAway, Hotels.com and Expedia Partner Solutions. Domestic gross bookings increased 13% and international gross bookings increased 9% (including 3 percentage points of negative foreign exchange impact). International gross bookings totaled $9.4 billion and accounted for 38% of worldwide bookings, compared with 39% in the third quarter of 2017. 

For the third quarter of 2018, revenue increased 10% (including 1 percentage point of negative foreign exchange impact), driven primarily by growth in HomeAway, Brand Expedia, Expedia Partner Solutions and Hotels.com. Domestic revenue increased 14% and international revenue increased 7% (including 4 percentage points of negative foreign exchange impact). International revenue equaled $1.5 billion, representing 45% of worldwide revenue, compared to 47% in the third quarter of 2017. Total revenue excluding trivago was $3.1 billion, an increase of 12% compared to the third quarter of 2017.

Product & Services Detail 

Lodging accounted for 72%, advertising and media accounted for 9%, air accounted for 6% and other revenue accounted for the remaining 13%. 

Lodging revenue increased 12% in the third quarter of 2018 driven by growth in HomeAway, Expedia Partner Solutions and Hotels.com. Room nights stayed increased 13% while revenue per room night decreased 1% in the third quarter of 2018. 

Air revenue increased 11% in the third quarter of 2018 on a 4% increase in air tickets sold as well as a 6% increase in revenue per ticket. 

Advertising and media revenue increased 1% in the third quarter of 2018 due to continued growth at Expedia Group Media Solutions, offset by a decline at trivago. Other revenue increased 11% in the third quarter of 2018 primarily reflecting growth in the travel insurance product.

Recent Highlights Expedia Group

 • As of September 30, 2018, Expedia Group's global lodging portfolio consisted of more than 895,000 properties, including more than 300,000 integrated HomeAway listings. HomeAway offers nearly 1.8 million online bookable listings.

Core OTA

The Brand Expedia Action for Google Assistant is now live, letting travelers browse and book hotels, cancel reservations, check their Expedia Rewards balances, hear packing lists and more.

Expedia Local Expert now offers more than 30,000 activities from over 4,500 suppliers in 1,800 destinations.

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TAGS: Expedia | OTA | financial statement
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