Expedia beats Q3 profit estimates as stock jumps; CFO to step down

Expedia Group topped profit expectations and met revenue estimates for its third quarter, reporting $4.1 billion in revenue, up 3% year-over-year, and earnings per share of $6.13, up 13%.

The company’s stock was up more than 5% in after-hours trading.

Total gross bookings grew 7% to $27.5 billion.

Expedia also announced Thursday that CFO Julie Whalen will step down. Whalen, who joined in 2022 from Williams-Sonoma, will depart when a successor is appointed, which is expected to occur before Feb. 17 of next year. Whalen also stepped down from the board Thursday.

Expedia last month named former Fanatics exec Ramana Thumu as its chief technology officer.

The company’s CEO, Ariane Gorin, started in her new role earlier this year.

Expedia’s stock is up around 50% over the past 12 months.

Related: Expedia chairman Barry Diller on potential deal with Uber and Washington Post’s ‘blunder’