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Expedia | 8-K: Expedia Group Reports Second Quarter 2024 Results

Expedia | 8-K: Expedia Group Reports Second Quarter 2024 Results

Expedia | 8-K:Expedia 集團公佈2024年第二季度業績
美股SEC公告 ·  2024/08/09 04:48

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Expedia Group reported Q2 2024 revenue growth of 6% to $3.6B, with total gross bookings reaching $28.8B. Room nights grew 10% YoY, led by Brand Expedia's nearly 20% growth. B2B revenue showed strong performance, increasing 22% to $1.0B. Net income remained flat at $386M while adjusted EBITDA rose 5% to $786M.The company demonstrated solid operational execution with lodging gross bookings up 8% to $20.7B and hotel bookings increasing 11%. Free cash flow surged 42% to $1.3B, while the company continued its share repurchase program, buying back approximately 9.2M shares for $1.2B year-to-date.Despite the strong Q2 performance, CEO Ariane Gorin noted a more challenging macro environment and softening travel demand in July, leading the company to adjust expectations for the remainder of the year. The company maintains a strong balance sheet with $6.2B in cash and cash equivalents as of June 30, 2024.
Expedia Group reported Q2 2024 revenue growth of 6% to $3.6B, with total gross bookings reaching $28.8B. Room nights grew 10% YoY, led by Brand Expedia's nearly 20% growth. B2B revenue showed strong performance, increasing 22% to $1.0B. Net income remained flat at $386M while adjusted EBITDA rose 5% to $786M.The company demonstrated solid operational execution with lodging gross bookings up 8% to $20.7B and hotel bookings increasing 11%. Free cash flow surged 42% to $1.3B, while the company continued its share repurchase program, buying back approximately 9.2M shares for $1.2B year-to-date.Despite the strong Q2 performance, CEO Ariane Gorin noted a more challenging macro environment and softening travel demand in July, leading the company to adjust expectations for the remainder of the year. The company maintains a strong balance sheet with $6.2B in cash and cash equivalents as of June 30, 2024.
Expedia集團報告2024年第二季度營業收入增長6%,達到36億元,總預訂金額達到288億元。客房夜數同比增長10%,品牌Expedia的增長接近20%。B20億元的營業收入表現強勁,增長22%至10億元。凈利潤保持平穩,維持在38600萬元,而調整後的息稅折舊攤銷前利潤(EBITDA)增長5%,達到78600萬元。該公司展示了穩健的運營執行,住宿預訂總額增長8%,達到207億元,酒店預訂增長11%。自由現金流激增42%,達到13億元,同時公司持續其股票回購計劃,累計回購約920萬股,至今已支出12億元。儘管第二季度表現強勁,首席執行官阿里安娜·戈林指出,7月的宏觀環境更加具有挑戰性,旅行需求減弱,導致公司調整今年餘下時間的預期。截止2024年6月30日,公司保持強勁的資產負債表,現金及現金等價物達到62億元。
Expedia集團報告2024年第二季度營業收入增長6%,達到36億元,總預訂金額達到288億元。客房夜數同比增長10%,品牌Expedia的增長接近20%。B20億元的營業收入表現強勁,增長22%至10億元。凈利潤保持平穩,維持在38600萬元,而調整後的息稅折舊攤銷前利潤(EBITDA)增長5%,達到78600萬元。該公司展示了穩健的運營執行,住宿預訂總額增長8%,達到207億元,酒店預訂增長11%。自由現金流激增42%,達到13億元,同時公司持續其股票回購計劃,累計回購約920萬股,至今已支出12億元。儘管第二季度表現強勁,首席執行官阿里安娜·戈林指出,7月的宏觀環境更加具有挑戰性,旅行需求減弱,導致公司調整今年餘下時間的預期。截止2024年6月30日,公司保持強勁的資產負債表,現金及現金等價物達到62億元。
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