Capital ReturnsShare repurchases of $627m was yet another sign of the company’s commitment to shareholder returns, with ~$2.3bn remaining on the stock buyback authorization.
Financial PerformanceExpedia delivered better-than-expected results whereby Gross Bookings and EBITDA came in above consensus.
LeadershipNew CEO Gorin, an operator with a strong track record in the B2B business, could drive B2C growth if she brings similar execution to the larger B2C segment.
Strategic InitiativesExpedia continues to execute on strategic priorities, such as expanding B2B distribution and growing high-margin advertising.