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Expedia Group Q2 Earnings Call Highlights
['Mitch Edgeman']
Markets Daily
Foreign exchange contributed nearly half a percentage point to gross bookings growth and four percentage points to revenue growth.
During the quarter, Expedia repurchased approximately 880,000 shares for $200 million, or an average price of $226 per share.
Outlook RaisedFor the third quarter, Expedia expects gross bookings of $32.2 billion to $32.8 billion, representing year-over-year growth of approximately 5% to 7%.
Its third-quarter outlook assumes an approximately one-point foreign-exchange headwind to bookings growth and an approximately one-point benefit to revenue growth.
About Expedia Group (NASDAQ:EXPE)Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners.