Expedia reports Q2 adjusted EPS $4.24, consensus $4.13

Reports Q2 revenue $3.79B, consensus $3.71B. Booked room nights grew 7%, primarily driven by growth outside of the U.S. Total gross bookings grew 5%, driven by 17% growth in B2B gross bookings; B2C gross bookings grew 1%. Lodging gross bookings grew 6%; hotel bookings were up 8%, driven by B2B and Brand Expedia (EXPE). “We delivered a solid second quarter, surpassing our top and bottom line expectations while navigating a dynamic environment. Our performance was driven by continued strength across B2B and Advertising and further progress on our key priorities. Based on our first half and ongoing trends, we have increased our annual guidance. We will continue to capitalize on our brands, supply, and technology to help travelers create memories and partners grow their businesses,” said Ariane Gorin, CEO of Expedia Group.