-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 athttp://www.expediainc.com/ir. The press release is also available on the SEC's website athttp://www.sec.gov.
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|Publication:||Airline Industry Information|
|Article Type:||Financial report|
|Date:||Jul 27, 2012|
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