US Stock Market Move | Q1 revenue lower than expected Expedia(EXPE.US) plunges nearly 10%

On Friday, Expedia (EXPE.US) opened with a steep drop of nearly 10%, marking the largest decline since May 2024, at $153.69. On the news front, the company reported first quarter performance, with revenue increasing by 3.4% year-on-year to $2.99 billion, slightly below analysts' expectations of $3.01 billion; adjusted earnings per share were $0.40, higher than the expected $0.32. Booking value during the period reached $31.45 billion, a 4% increase year-on-year; room nights booked were 107.7 million, a 6% increase year-on-year.