Latest news with #grossbookings
Reuters
3 days ago
- Business
- Reuters
Expedia shares soar on upbeat forecast, US travel rebound
Aug 8 (Reuters) - Shares of Expedia (EXPE.O), opens new tab surged more than 17% in premarket trading on Friday, after the online travel agent raised its full-year gross bookings forecast and struck an optimistic tone on the recovery in U.S. travel demand. Expedia is the latest travel company to hint at a rebound in demand, following weakness earlier this year when consumers fretted over the economic impact of President Donald Trump's tariff policies. "Since the beginning of July, we've seen an uptick in overall travel demand, particularly in the U.S.," CEO Ariane Gorin said on the earnings call on Thursday. The company expects 2025 gross bookings to grow between 3% to 5%, up 1 percentage point from its earlier forecast. Morningstar analyst Dan Wasiolek expects bookings growth to accelerate further to 7% in 2026 as demand improves alongside policy visibility. Tariffs had disrupted travel spending, "but it appears prospective U.S. travelers are prepared to book again," said Danni Hewson, head of financial analysis at AJ Bell. Expedia has also been focusing on simplifying its organizational structure by eliminating roles, streamlining operations and deploying generative AI technology. Its second-quarter margin grew by 190 basis points, surpassing the company's May guidance of a 75- to 100-basis-point increase. The biggest fundamental takeaway is that Expedia's continued strategic focus and tighter expense controls are driving more consistent results, said Baird analyst Michael Bellisario. Expedia also joined industry peers Marriott (MAR.O), opens new tab and Airbnb (ABNB.O), opens new tab in noting strong bookings from higher-income consumers while lower-income consumers were more cautious with discretionary spending. Expedia's shares trade at about 12.01 times their forward profit estimates, below the industry median of 14.19.
Yahoo
4 days ago
- Business
- Yahoo
Expedia shares soar on upbeat forecast, US travel rebound
(Reuters) -Shares of Expedia surged more than 17% in premarket trading on Friday, after the online travel agent raised its full-year gross bookings forecast and struck an optimistic tone on the recovery in U.S. travel demand. Expedia is the latest travel company to hint at a rebound in demand, following weakness earlier this year when consumers fretted over the economic impact of President Donald Trump's tariff policies. "Since the beginning of July, we've seen an uptick in overall travel demand, particularly in the U.S.," CEO Ariane Gorin said on the earnings call on Thursday. The company expects 2025 gross bookings to grow between 3% to 5%, up 1 percentage point from its earlier forecast. Morningstar analyst Dan Wasiolek expects bookings growth to accelerate further to 7% in 2026 as demand improves alongside policy visibility. Tariffs had disrupted travel spending, "but it appears prospective U.S. travelers are prepared to book again," said Danni Hewson, head of financial analysis at AJ Bell. Expedia has also been focusing on simplifying its organizational structure by eliminating roles, streamlining operations and deploying generative AI technology. Its second-quarter margin grew by 190 basis points, surpassing the company's May guidance of a 75- to 100-basis-point increase. The biggest fundamental takeaway is that Expedia's continued strategic focus and tighter expense controls are driving more consistent results, said Baird analyst Michael Bellisario. Expedia also joined industry peers Marriott and Airbnb in noting strong bookings from higher-income consumers while lower-income consumers were more cautious with discretionary spending. Expedia's shares trade at about 12.01 times their forward profit estimates, below the industry median of 14.19. Sign in to access your portfolio
Bloomberg
5 days ago
- Business
- Bloomberg
Lyft Posts Second-Quarter Profit Beat With Rides Hitting Record
By and Natalie Lung Save Lyft Inc. posted profit in the second quarter that far exceeded Wall Street's expectations, signaling that the ride-hailing company's years-long effort to expand globally and steal market share from much-larger rivals is gaining ground. The company's net income totaled $40.3 million in the three months ended June 30, more than double the $18.1 million that analysts had expected. Gross bookings gained 12% from a year earlier, roughly in line with estimates. The number of active passengers and completed rides on the platform both hit records.
Yahoo
19-06-2025
- Business
- Yahoo
LYFT's Gross Bookings Growth Gaining Pace: A Sign of More Upside?
Lyft LYFT, a ridesharing company based in San Francisco, CA, is benefiting from the increase in gross bookings. Gross bookings are improving mainly owing to the growing active rider base, expansion into new markets and the success of the company's customer-friendly "Price Lock" feature. Last month, Lyft released its first-quarter 2025 earnings report. In the March quarter, gross bookings increased 13% year over year to $4.6 billion. Management stated that this was the 16th consecutive quarter where Lyft demonstrated double-digit year-on-year growth in the key metric. The uptick was driven by the record active riders of 24.4 million in the quarter. Active riders increased 11% year over year in the quarter. The total number of rides in the quarter reached a first-quarter record of 218.4 million, reflecting a year-over-year increase of 16%. For the second quarter of 2025, Lyft expects gross bookings in the $4.41-$4.57 billion range, indicating 10-14% growth from second-quarter 2024 actuals. LYFT's move to focus on less densely populated markets, such as Indianapolis, is paying off. Its Price Lock feature is also doing well. With the return-to-office mode gaining steam, there is a surge in weekday demand for ride-hailing services. To compete more effectively with rivals in the ride-hailing arena, Lyft has introduced a Price Lock feature. This feature allows users to bypass surge pricing during peak commuting hours. By locking in a commute price, they can save money. With customer traffic picking up, gross bookings were highly impressive for rival Uber Technologies UBER in the first quarter of 2025. Gross bookings from Uber's Mobility segment in the March quarter increased 20% year over year on a constant currency basis to $21.2 billion. The metric from the Delivery segment in the March quarter rose 18% year over year on a constant currency basis to $20.4 billion. In the June quarter, Uber expects gross bookings to be in the $45.75-$47.25 billion range, representing growth on a constant currency basis in the 16-20% band from second-quarter 2024 actuals. Singapore-based Grab GRAB is benefiting from strong growth in its On-Demand Gross Merchandise Value ('GMV'). On-Demand GMV refers to the sum of GMV of the mobility and deliveries segments. In the first quarter of 2025, On-Demand GMV increased 16% year over year at Grab. Grab expects 2025 revenues between $3.33 billion and $3.40 billion, indicating 19-22% year-over-year growth. Shares of LYFT have gained 8.3% in the past six months against its industry's 8.1% decline in the same timeframe. Image Source: Zacks Investment Research From a valuation standpoint, LYFT trades at a 12-month forward price-to-sales of 0.89X. LYFT is inexpensive compared with its industry. Image Source: Zacks Investment Research The Zacks Consensus Estimate for LYFT's 2025 and 2026 earnings has been revised upward over the past 60 days. Image Source: Zacks Investment Research LYFT currently carries a Zacks Rank #2 (Buy).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lyft, Inc. (LYFT) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report Grab Holdings Limited (GRAB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
08-05-2025
- Business
- Bloomberg
Expedia First-Quarter Bookings Miss as Travel Demand Softens
Expedia Group Inc. posted weaker-than-expected gross bookings for the first three months of 2025, a sign that domestic travel demand began to soften even before US tariffs shook global markets. Gross bookings across its platforms for hotel, flight, car rental and vacation home reservations totaled $31.5 billion, the firm said in a statement Thursday, missing the average analyst estimate of $31.8 billion. Customers booked a total of 107.7 million nights through Expedia's travel websites, which include and the short-term rental marketplace Vrbo, also below analysts' projections.
