Expedia lowers full-year revenue forecast on slow B2C growth
Yahoo Finance -

Online travel agency Expedia cut its 2024 revenue growth forecast on Thursday, as gross bookings were hit by poor performance in its business-to-consumer segment. Shares of the company were down about 8% after the bell. "Given the Vrbo drag and the rate of acceleration in B2C thus far, we are lowering our full-year guidance to a range of mid- to high-single-digit top line growth with margins relatively in line versus last year," said CEO Peter Kern.

In related news