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Benzinga
Benzinga
Business
Adam Eckert

Why Expedia Shares Are Rising Today

Expedia Expedia Group Inc

Expedia Group Inc (NASDAQ:EXPE) is trading higher Friday morning after the company announced better-than-expected earnings results. 

Expedia reported quarterly revenue of $2.28 billion, which came in below the $2.31 billion estimate. The company reported adjusted earnings of $1.06 per share, which beat the estimate of 67 cents per share. Adjusted EBITDA was $479 million, the highest fourth-quarter EBITDA in Expedia's history.

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