Expedia Group Shares Up 15% on Strong Q3 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/EXPE'>Expedia Group, Inc. (NASDAQ:EXPE) </a>shares were trading more than 15% higher Friday afternoon, following the company's reported Q3 results, with EPS coming in at $3.53, beating the consensus estimate of $1.63.</p>
<p>Travel continued showing a broad-based recovery and with the company having the highest U.S. exposure vs. Booking and AirBnB, lodging bookings went from down 19% vs. 2019 in September to down 2% in October and likely exited the month higher than two years ago for the first time since the pandemic started. Additionally, management called out share gains continuing for Vrbo in the quarter with over half Vrbo's customers being new to the platform in 2021.</p>
<p>Finally, while performance marketing levels are still coming back given the delta variant drove a fairly uneven Q3 in terms of bookings, management spoke of leaning into those channels incrementally in Q4 and going forward which historically, tends to be the overtly positive signal for demand going forward.</p>

NASDAQ:EXPE