Expedia Group (NASDAQ:EXPE) slumped in mid-day trading on Thursday after the online travel company's tally of gross bookings in Q2 missed expectations. While Expedia's (EXPE) revenue of $3.36B was roughly in-line with estimates, the closely-watched gross bookings metric was $27.32B (+5% year-over-year) vs. $28.89B consensus. Booked room nights were up 9%, and lodging bookings rose 7%. Shares of Expedia (EXPE) fell 16.43% and were swapping hands below $100 for the first time since June 1. More on Expedia:

Source: Mint August 03, 2023 19:08 UTC