Expedia Inc. Announces Unaudited Consolidated Earnings Results for First Quarter Ended Mar. 31, 2015
Apr 30 15
Expedia Inc. announced unaudited consolidated earnings results for first quarter ended Mar. 31, 2015. For the quarter, the company reported revenue of $1,373,397,000 against $1,200,371,000 last year. Operating loss was $51,001,000 against $2,998,000 last year. Income before income taxes was $31,651,000 against loss before income taxes of $19,485,000 last year. Net income attributable to company was $44,143,000 or $0.34 per diluted share against net loss attributable to company of $14,304,000 or $0.11 per basic and diluted share, last year. Net cash provided by operating activities was $1,051,064,000 against $971,438,000 last year. Capital expenditures, including internal-use software and website development was $102,650,000 against $74,749,000 last year. Adjusted EBITDA was $101,763,000 against $106,771,000 last year. Adjusted net loss was $4,164,000 or $0.03 per share against adjusted net income of $21,467,000 or $0.16 per share for the same quarter year ago. Consolidated Adjusted EBITDA decreased 5% for the first quarter of 2015, compared to the first quarter of 2014, as eLong continues to invest in the Chinese market. Expedia (excluding eLong). Free cash flow was $948,414,000 against $896,689,000 last year. On Non –GAAP basis, the company reported adjusted EBITDA of $1,020 million, operating income of $470 million, income from continuing operations before taxes of $465 million, income from continuing operations before taxes of $425 million, net income of $425 million, net income attributable to the company of $456 million, adjusted income of $502,465,000, adjusted earnings from continuing operations per share of $3.79, Cash provided by operations of $1,446 million, capital expenditure of $356 million and frre cash flow of $1,090 million.
Expedia Inc. Declares Quarterly Cash Dividend, Payable on June 18, 2015
Apr 30 15
On April 30, 2015, Expedia Inc. declared a quarterly cash dividend of $0.18 per share of outstanding common stock payable on June 18, 2015 to stockholders of record as of the close of business on May 28, 2015.
Expedia, Inc. Plans for 40-Acre Campus Include New Modern Design
Apr 9 15
Expedia Inc. announced plans to relocate its headquarters to Amgen's multi-building, waterfront campus in Seattle, US, by 2018. Expedia's plans for the 40-acre campus include a new modern design for 750,000 square feet of existing buildings with additional land available for future expansion. Expedia's new home features spectacular views of downtown Seattle, Mt. Rainier, the Puget Sound and the Olympic Mountains, along with outdoor recreational areas, onsite dining options and a fitness facility.
Expedia Inc. and Decolar.com, Inc. Strengthen Partnership
Mar 10 15
Expedia, Inc. and Decolar.com, Inc. announced that the two companies have expanded their partnership to include deeper cooperation on hotel supply and a $270 million minority equity investment by Expedia. Building on the commercial relationship the two companies have had since 2002, the expanded agreement broadens Expedia's powering of Decolar's hotel supply and introduces the opportunity for Decolar to provide Expedia access to its hotel supply in Latin America. The customers of both companies will benefit from the broad, shared selection of hotels, and hotel partners will gain increased access to travelers in Latin America and around the world.
Expedia Inc. Presents at Piper Jaffray Technology, Media and Telecommunications Conference 2015, Mar-10-2015 10:30 AM
Feb 24 15
Expedia Inc. Presents at Piper Jaffray Technology, Media and Telecommunications Conference 2015, Mar-10-2015 10:30 AM. Venue: Le Parker Meridien, 119 West 56th Street, New York, NY 10019, United States. Speakers: Mark D. Okerstrom, Chief Financial Officer and Executive Vice President of Operations.