Printer Friendly

-Expedia posts Q2 earnings.


Expedia, Inc. (NASDAQ: EXPE) has announced financial results for the second quarter ended June 30, 2012.

The company said that room nights grew 22% year-over-year to a record 30m room nights driven by 16% year-over-year growth in domestic room nights. Standalone room night growth at Brand Expedia accelerated for the third consecutive quarter showing significant improvement versus the first quarter of 2012.

During the quarter, Expedia expanded the global corporate travel footprint of Egencia by completing the acquisition of VIA Travel, the largest travel management company in the Nordics.

Adjusted EBITDA increased 18% year-over-year driven by strong revenue performance. In addition, adjusted earnings per share increased 24% as compared to second quarter 2011.

Year-to-date, Expedia allocated $521m to share repurchases, acquisitions and dividends; returning over $320m directly to shareholders. In addition, subsequent to quarter end, the Executive Committee of Expedia's board of directors approved raising Expedia's quarterly dividend to $0.13 per share of outstanding common stock.

Expedia's second quarter 2012 earnings press release that is available now at The press release is also available on the SEC's website at

((Comments on this story may be sent to>PDJuly 27, 2012>JNAIRLINE INDUSTRY INFORMATION.PRICEDATENOT APPLICABLE.DAY
COPYRIGHT 2012 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Airline Industry Information
Article Type:Financial report
Date:Jul 27, 2012
Previous Article:-TripAdvisor posts year-over-year growth.
Next Article:-Choice Hotels declares special cash dividend.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters