Expedia (NASDAQ: EXPE) Reports 15% Decrease in Revenue Over Coronavirus Pandemic

Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin.
Fabrizio Bensch | Retuers
  • Expedia reported its first quarter 2020 earnings after the bell on Wednesday.
  • The coronavirus pandemic has battered the travel industry as consumers spend more time at home.
  • Shares initially dropped on the report as investors digested the news before gaining more than 4.5%. 

Expedia reported:

  • Loss of $1.83 per share
  • Revenue: $2.21 billion

The company’s Q1 revenue decreased 15% year over year, Expedia reported. Expedia’s adjusted net loss was $285 million for the quarter, up 545% year over year. CNBC reported.

Source: CNBChttps://www.cnbc.com/2020/05/20/expedia-expe-q1-2020-earnings.html

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