Expedia Group Q2 gross bookings up 6% to $28.8B, forecasts challenging macro environment and softening travel demand.

Expedia Group reported better-than-expected Q2 results, with gross bookings up 6% to $28.8B. However, the company forecasts a challenging macro environment and softening travel demand, leading to adjusted expectations for the rest of the year. Expedia's full-year gross bookings growth forecast was cut to the low end of its previous guidance range at 4%, while forecasting a 6% increase in annual revenue. The company expects Q3 gross bookings and revenue to increase by 3-5% compared to a year ago.

August 08, 2024
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