Earnings

Expedia (EXPE) Q1 2020 earnings show revenue drop amid pandemic

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Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin.

Fabrizio Bensch | Retuers

Expedia reported its first quarter earnings after the bell on Wednesday, continuing to show the financial devastation the coronavirus is having on the travel industry.  

Executives said during the company’s earnings call that Expedia was seeing slight recovery and some greenshoots in May, but was still far from normal. Shares initially dropped on when the report was released, before gaining more than 4.5% in after-hours trading.

Here’s what the company reported:

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

The company’s Q1 revenue decreased 15% year over year, Expedia…



Source cnbc.com

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