Expedia revenue rises 23 percent as bookings increase

Reuters News
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Posted: Feb 09, 2017 4:23 PM

(Reuters) - Online travel services company Expedia Inc reported a 23.2 percent rise in fourth-quarter revenue, helped by higher gross bookings.

The company's revenue rose to $2.09 billion in the quarter ended Dec. 31 from about $1.70 billion a year earlier.

Net income attributable to Expedia was $79.5 million, or 51 cents per share, compared with a loss of $12.5 million, or 9 cents per share.

The year-ago quarter included charges related to Expedia's purchase of vacation rental site HomeAway Inc, and some other items.

On an adjusted basis, the company earned $1.17 per share in the latest quarter.

(Reporting by Sweta Singh in Bengaluru; Editing by Savio D'Souza)