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Expedia dives into red

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Published on 02/02/09 - Updated on 17/03/22

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Expedia Inc reported a loss in 2008 of $2.52bn, compared to a profit of $295.9m in 2007. For the full year, gross bookings were up 8% to $21bn, but in Q408 they fell 11% to $4bn. Revenue for the year was up 10% to $2.9bn, mainly thanks to increased advertising and media revenue and hotel revenue...

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