Latest news with #grossbookings
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.
Bloomberg
08-05-2025
- Business
- Bloomberg
Lyft Posts Bookings and Outlook Beat, Expands Buybacks
Lyft Inc. reported better-than-expected gross bookings in the first quarter, drawing a sharp contrast with the disappointing results issued by its much-larger ride-hailing rival Uber Technologies Inc. a day earlier. Gross bookings for the first quarter were $4.16 billion, Lyft said in a statement Thursday, slightly beating the average of analysts' estimates compiled by Bloomberg. Rides increased 16% from a year earlier to 218.4 million, also ahead of expectations.
