Expedia notches record bookings and revenue

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Expedia Group saw its highest ever lodging bookings in the second quarter this year. Its revenue and adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) were the highest recorded in a second quarter.
Expedia Group saw its highest ever lodging bookings in the second quarter this year. Its revenue and adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) were the highest recorded in a second quarter. Photo Credit: VDB Photos/Shutterstock.com

Expedia Group saw its highest ever lodging bookings in the second quarter this year. Its revenue and adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) were the highest recorded in a second quarter.

"We've seen strong consumer demand for travel this summer and are encouraged that travel remains a top spending area even as other parts of the economy seem to be showing cracks," vice chairman and CEO Peter Kern said Thursday afternoon during the company's second-quarter financial earnings call.

Expedia reported revenue of $3.2 billion in the second quarter, up 51% compared with the second quarter of 2021 and 1% compared with the second quarter of 2019. Adjusted Ebitda was up 223%, to $648 million.

The company operated at a loss of $185 million, compared with a loss of $301 million in the second quarter of 2021.

Gross bookings in the quarter totaled $26 billion, up 26% from the same time period last year. 

Booked room nights in the second quarter were up 21%, to 82.5 million, and stayed room nights were up 40%, to 79.1 million.

"We delivered these strong results despite the current macroeconomic backdrop, and the limitations and disruptions we've seen in air travel around the world," Kern said.

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