Exceeding Expectations
Third quarter results exceeded both top and bottom line expectations with a 12% increase in bookings and a 9% increase in revenue.
Strong B2B Performance
B2B bookings increased 26%, marking the 17th consecutive quarter of double-digit growth. B2B revenue grew 18%.
Room Nights Growth
Booked room nights grew 11%, with significant growth in the U.S., EMEA, and over 20% in Asia.
Advertising Revenue Growth
Advertising revenue was up 16% for the quarter, posting another double-digit growth quarter.
Margin Expansion
The company expanded its EBITDA margins by over 2 points in the quarter, driven by operational discipline and volume leverage.
AI Integration and Efficiency
AI has been integrated into products at key moments, driving engagement and efficiency, especially in product, technology, and customer service teams.