Expedia Inc. notched a 24% jump in room-night growth in the first quarter of 2014, decelerating from the 28% growth it recorded a year earlier, but gross bookings rose 29% as Expedia’s Travelocity partnership bumped up air ticket sales.
The Expedia brand completed the migration of Travelocity.com to the Expedia platform in the first quarter, and transitioned Travelocity.ca in the second quarter.
In one of Expedia’s highlights of the quarter, its Germany-based Trivago hotel-metasearch unit saw its revenue increase 80% year over year.
For the first quarter, Expedia Inc. narrowed its net loss to $14.3 million, from $104.2 million a year earlier as revenue increased 19% to $1.2 billion.
That revenue mark beat analysts’ expectations by $20 million, and Expedia’s earnings per share of $0.16 bested analysts’ expectations by $0.01.