Expedia revenue up 16% in 4Q2010

Expedia revenue up 16% - financial highlights:

• Three months ended 31-Dec-2010:
  • Revenue: USD808.4 million, +16% year-on-year;
  • Gross bookings: USD2.8 million, +14%;
  • Operating profit: USD149.2 million, +6%;
  • Net profit: USD71.3 million, -30%;
• 12 months ended 31-Dec-2010:
  • Revenue: USD3348 million, +13%;
  • Gross bookings: 26.0 million, +19%;
  • Operating profit: USD731.9 million, +28%;
  • Net profit: USD421.5 million, +41%. [more]

Expedia: "Worldwide air revenue increased 15% for the fourth quarter, primarily due to a 9% increase in revenue per ticket and a 6% increase in air tickets sold. Revenue per ticket increased primarily as a result of an acceleration of merchant air revenue leading to a one-time increase in air revenue of approximately USD5 million," Company statement. Source: Expedia, 10-Feb-2011.