Free Post Earnings Research Report: Expedia’s Revenue Grew 15%; EPS Surged 23%

Stock Monitor: Park Hotels & Resorts Post Earnings Reporting

LONDON, UK / ACCESSWIRE / November 29, 2017 / Active-Investors free earnings report on Expedia, Inc. (NASDAQ: EXPE) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=EXPE. The Company posted its financial results on October 26, 2017, for the third quarter of the fiscal year 2017. The travel Company' s operating income increased 25% on a y-o-y basis. Register today and get free access to our complimentary member' s area where many more reports are available:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Park Hotels & Resorts Inc. (NYSE: PK), which also belongs to the Services sector as the Company Expedia. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=PK

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Expedia most recent news is on our radar and we have decided to include it on our blog post. Today' s free coverage is available at:

www.active-investors.com/registration-sg/?symbol=EXPE

Earnings Highlights and Summary

For the three months ended September 30, 2017, Expedia' s revenues increased 15% to $2.97 billion from $2.58 billion in Q3 FY16. The revenue numbers were below analysts' expectations of $2.98 billion.

For the reported quarter, the Company' s gross bookings increased 11% to $22.20 billion from $20.00 billion in Q3 FY16.

During Q3 FY17, Expedia' s gross profit increased 15.9% to $2.51 billion from $2.16 billion in Q3 FY16. For the reported quarter, the Company' s gross margin increased 70 basis points to 84.5% of revenue from 83.8% of revenue in Q3 FY16.

During Q3 FY17, Expedia' s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 6% to $709.27 million from $666.69 million in the same period of last year. For the reported quarter, the Company' s adjusted EBITDA margin decreased 190 basis points to 23.9% of revenue from 25.8% of revenue in Q3 FY16.

For the reported quarter, Expedia' s selling and marketing expenses increased 21% to $1.46 billion from $1.20 billion in Q3 FY16. During Q3 FY17, the Company' s G&A expenses decreased 15% to $141.30 million from $165.83 million in the comparable period of last year. For the reported quarter, the Company' s amortization expenses decreased 5.2% to $71.01 million from $74.94 million in the third quarter of 2016.

During Q3 FY17, Expedia' s operating income increased 25% to $481.73 million from $386.15 million in the corresponding period of last year. During Q3 FY17, the Company' s operating margin increased 120 basis points to 16.2% of revenue from 15% of revenue in Q3 FY16.

For the reported quarter, Expedia' s net income increased 26% to $352.24 million on a y-o-y basis from $279.33 million in Q3 FY16. During Q3 FY17, the Company' s diluted earnings per share (EPS) increased 23% to $2.23 on a y-o-y basis from $1.81 in the same period of last year. For the reported quarter, Expedia' s adjusted net income increased 7% to $398.78 million on a y-o-y basis from $374.10 million in Q3 FY16. During Q3 FY17, the Company' s adjusted diluted EPS increased 4% to $2.51 on a y-o-y basis from $2.41 in Q3 FY16. The adjusted diluted EPS was below analysts' expectations of $2.62.

Segment Details

Core OTA - During Q3 FY17, Expedia' s Core OTA segment' s revenue increased 11.1% to $2.31 billion from $2.08 billion in the comparable period of last year. For the reported quarter, the segment' s adjusted EBITDA increased 3% to $737 million from $714 million in Q3 FY16. For the reported quarter, the Company' s gross bookings increased 8.5% to $18.46 billion from $17.01 billion in the third quarter of 2016.

trivago - During Q3 FY17, Expedia' s trivago segment' s revenue increased 22.5% to $338 million from $276 million in the corresponding period of last year. For the reported quarter, the segment' s adjusted EBITDA was negative $8 million compared to positive $6 million in Q3 FY16.

HomeAway - During Q3 FY17, Expedia' s HomeAway segment' s revenue increased 45.2% to $305 million from $210 million in the same period of last year. For the reported quarter, the segment' s adjusted EBITDA increased 63% to $126 million from $77 million in Q3 FY16. For the reported quarter, the Company' s gross bookings increased 43.5% to $2.01 billion from $1.40 billion in the third quarter of 2016.

Egencia - During Q3 FY17, Expedia' s Egencia segment' s revenue increased 12.5% to $126 million from $112 million in the comparable period of last year. For the reported quarter, the segment' s adjusted EBITDA increased 13% to $20 million from $18 million in Q3 FY16. For the reported quarter, the Company' s gross bookings increased 9.4% to $1.73 billion from $1.58 billion in the third quarter of 2016.

Balance Sheet

As on September 30, 2017, Expedia' s cash and cash equivalents increased 80.3% to $3.24 billion from $1.80 billion as on September 31, 2016. For the reported quarter, the Company' s long-term debt, excluding current maturities increased 18.2% to $3.74 billion from $3.16 billion in Q4 FY16.

For the reported quarter, the Company' s net accounts receivables increased 36.6% to $1.84 billion from $1.34 billion in the fourth quarter of 2016. For the reported quarter, the Company' s other accounts payable increased 43% to $824.92 million from $577.01 million in Q4 FY16.

During FY17, the Company' s YTD cash provided by operating activities increased 24.5% to $1.92 billion from $1.54 billion in FY16. During FY17, the Company' s YTD free cash flow increased 43% to $1.40 billion from $976.63 million in FY16.

Stock Performance Snapshot

November 28, 2017 - At Tuesday' s closing bell, Expedia' s stock marginally fell 0.79%, ending the trading session at $125.68.

Volume traded for the day: 1.22 million shares.

Stock performance in the last month – up 1.53%; and year-to-date – up 10.95%

After yesterday' s close, Expedia' s market cap was at $19.19 billion.

Price to Earnings (P/E) ratio was at 49.60.

The stock has a dividend yield of 0.95%.

The stock is part of the Services sector, categorized under the Lodging industry. This sector was up 0.9% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visithttp://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors