Expedia reports Q3 adjusted EPS $7.57, consensus $6.95

Reports Q3 revenue $4.41B, consensus $4.26B. Booked room nights grew 11%, driven by the fastest U.S. growth in three years and continued international strength. Total gross bookings grew 12%, driven by a 26% increase in B2B; B2C gross bookings grew 7%. Lodging gross bookings grew 13%; hotel bookings increased 15%, driven by B2B and Expedia (EXPE). “Our strong third quarter results exceeded both our top and bottom-line expectations, reflecting an improved demand environment, disciplined execution and tangible progress on our strategic priorities. Notably, we grew room nights in the U.S. at the fastest pace in over three years, delivered our 17th consecutive quarter of double-digit growth in B2B-up 26%-and grew consumer bookings by 7%. We’re confident that our strategy and the reinforcing power of our two-sided marketplace will continue to drive greater value for both travelers and partners, and growth for our business,” said Ariane Gorin, CEO of Expedia Group.