Expedia Quarterly Revenue Tops Estimates in Strong Start to Summer

Expedia Group Inc. reported second-quarter revenue that topped analysts’ estimates, suggesting a solid start to the busiest travel season as voyagers shake off two years of Covid-19 restrictions. The shares jumped about 6% in extended trading after the report.

Sales rose 51% from a year ago to $3.2 billion, beating the average analyst estimate of $2.99 billion. Gross bookings, which represent the total value of transactions booked, adjusted for cancellations and refunds, rose 26% to $26.1 billion, in line with analysts’ estimate.