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Expedia Faces Challenges; Analysts Concerned About Vrbo's Slow Start

エクスペディアグループが直面する問題:アナリストがVrboのスロースタートとB2Cの成長に懸念

Benzinga ·  2024/05/04 02:43  · 材料

Benchmarkanalyst Daniel Kurnos reiterated$Expedia (EXPE.US)$with a Buy and a $180 price target.

Expedia reported first-quarter sales of $2.89 billion, up by 8.4% year-on-year, beating the analyst consensus estimate of $2.81 billion. EPS loss of $(0.21) beat the analyst consensus estimate of loss of $(0.24).

Kurnos noted that Expedia didn't benefit from having a better gross bookings outlook for the year compared to$Booking Holdings (BKNG.US)$.Instead, it faced a softer start in 2024 for Vrbo and slower-than-expected growth in its core B2C, leading to an immediate reduction in fiscal 2024 guidance.

Also Read:Airbnb Faces Growth Hurdles Despite Strong Consumer Preference, Analysts Warn

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