Expedia lowers full-year revenue forecast on slow B2C growth
Yahoo Finance -

Online travel agency Expedia cut its 2024 revenue growth forecast on Thursday, as gross bookings were hit by poor performance in its business-to-consumer segment. Shares of the company were down about 8% after the bell. "Given the Vrbo drag and the rate of acceleration in B2C thus far, we are lowering our full-year guidance to a range of mid- to high-single-digit top line growth with margins relatively in line versus last year," said CEO Peter Kern.

Related Articles

Latest in News

More from Yahoo Finance | revenue growth Expedia Online travel agency Peter Kern rate of acceleration Expedia.mx Earnings NASDAQ:EXPE Revenue