02-May-2011 4:26 PM
Expedia net profit down 12%
Analysis
Operating income dropped 4%, while net income dropped 12% to USD52 million.
The revenue increase at the company was driven by an increase in hotel revenue and advertising and media revenue. As a percentage of total worldwide revenue in the first quarter of 2011, hotel accounted for 59%, advertising and media accounted for 15%, air accounted for 13% and all other revenue accounted for the remaining 13%.
Selected share price movements (% change): 29-Apr-2011