Expedia Group reports $3.1 billion gross bookings increase in Q2 earnings

As of June 30, 2018, the company’s global lodging portfolio increased to more than 750,000 properties

Sossusvlei Lodge via Expedia's FB page.
Sossusvlei Lodge via Expedia's FB page.

Expedia Group released its second quarter financial results for 2018 as of June 30, 2018.

Among the key highlights from the report, the OTA achieved a 13% year-on-year or US $ 3.1 billion increase to $25.9 billion in gross bookings.

Operated and adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for core OTA increased by 19% and 16% year-on-year.

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For Q2, Expedia logged a 12% year-on-year increase for total stayed lodging room nights and as of June 30, 2018, the company’s global lodging portfolio increased to more than 750,000 properties.

Expedia also revealed that it has repurchased 4 million shares for $451 million.

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