Expedia Quarterly Profits Rise 41 Percent

Expedia saw quarterly profits rise by 41 percent to $82 million, its first reporting period since operating as a separate company.

The net income figure for the three months to the end of September compared with $58.1 million in the same period last year. Gross bookings increased 21 percent in the quarter, with US bookings up 16 percent and international bookings taking a 39 percent spike.

The company admitted the results were negatively affected in the period by hurricanes and terrorist activity.

Revenue was up by 16 percent to $584.7 million, mainly driven by increased worldwide merchant hotel business, acquisitions and growth in car rental. International revenues soared 43 percent, while US domestic revenue climbed to double digits.

Expedia´s international arms contributed 23 percent of gross bookings and 22 percent of revenue in the three months, up from 19 percent and 18 percent respectively.