Expedia shares pop more than 9% on quarterly beat

Core Insights - Expedia reported earnings per share (EPS) of $757, exceeding estimates of $692, indicating strong financial performance [1] - Revenue also surpassed expectations, coming in at $4.1 billion compared to estimates of $4.28 billion [1] - Booked room nights reached 108 million, exceeding estimates of 103.87 million, reflecting robust consumer demand [1][2] - The company anticipates fourth quarter revenue growth of 6 to 8%, significantly higher than the estimated 2.7% [1] Market Reaction - Shares of Expedia increased by almost 9% following the earnings report, indicating positive market sentiment [2] - The strong report suggests that consumers are willing to spend discretionary income on travel, which is a positive sign for the industry [2][3] - The upcoming holiday travel season is expected to benefit from this strong consumer spending trend [3] Performance Context - The reported numbers are considered "huge" and well above expectations, which is crucial for favorable market reactions [3][4] - The performance indicates a strong consumer base, although it is important to monitor which segments of consumers are driving this spending [3]