Expedia's brand portfolio delivers record revenue in 3Q

Published: 08 Nov 2007

Third quarter revenue totaled $759.6 million, higher than $613.9 million in the previous year quarter. Revenue increased 24% during the quarter, primarily driven by increased worldwide merchant hotel revenue and advertising and media revenue.

Dara Khosrowshahi, Expedia Inc.'s CEO and President, said, "While we're particularly encouraged by 16% worldwide transaction growth and 47% European bookings growth, we are by no means satisfied with our progress, and believe there remain significant investment and growth opportunities ahead for Expedia."

Gross bookings increased 21% for the third quarter of 2007 compared with the third quarter of 2006. North America bookings increased 13%, Europe bookings increased 47% (39% excluding the impact of foreign exchange) and Other bookings (primarily Expedia Corporate Travel and Asia Pacific operations) increased 27%.

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