Travel booking company Expedia (EXPE.US) announced that, driven by growth in advertising and B2B business, third-quarter profit increased by 61% year-on-year to 0.684 billion USD, with an adjusted earnings per share of 6.13 USD, higher than market expectations of 6.05 USD. The stock price rose 8% after hours.
Quarterly revenue increased by 3% to 4.06 billion USD, slightly lower than market expectations of 4.11 billion USD. Total bookings increased by 7%, reaching 27.5 billion USD, with lodging bookings increasing by 8%, reaching 20 billion USD.