For the three months to the end of March, revenue was $2.5 billion but net losses grew 60% to $137 million. On an adjusted basis, the net loss was $69 million.
Analysts had predicted that Expedia’s earnings may be affected by Trivago after the latter’s quarterly earnings saw its shares fall to a record low.
According to Thomson Reuters, analysts had on average predicted sales of $2.44 billion and a net loss of $162.2 million.
During the quarter, total gross bookings were 15% higher from a year ago, driven primarily by the HomeAway, Expedia and Hotels.com brands.